News
N-Power: Hope Rises As FG Set To Begin Payment Of 9 Months Backlogs To Beneficiaries

The Federal Government says it is ready to commence payment of backlogs to N-Power beneficiaries who are on the programme.
This was made known by the N-power National Programme Manager, Dr. Akindele Egbuwalo during a meeting with some beneficaries of the scheme his office in Abuja.
He explained that the main purpose for the temporary suspension of the programme was to address all matters directly affecting beneficiaries with keen focus on the issues of delayed payments of stipends.
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He added that, as a result of the temporary suspension of the programme for thorough restructuring and forensic audit, funds have been recovered from the existing payment service providers and plans have been put in place by the programme to commence disbursement of the 9 months outstanding stipends to beneficiaries from November, 2023. Payments will be carried out in installment, he noted.
While assuring all beneficiaries of complete transparency and accountability, Egbuwalo stated that in line with the new agenda of President Bola Ahmed Tinubu, the Npower programme will be continued as Renewed Hope Job Creation Programme (RHJCP) under the supervision of the Honourable Minister, Dr Betta Edu, which will be expanded to target 5 million beneficiaries in 5 years where 1 million youths will be absorbed each year under the graduate and non-graduate stream.
Responding, Sani Garba, a beneficiary from Yobe State who was present at the meeting noted that their concerns was mainly regarding the delayed 9 months stipends, adding that a national protest had initially been planned by different clusters of Npower beneficiaries due to inadequate information.
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“Sir, as you have clearly explained the current situation of payment to us with outmost transparency, myself and other cluster of beneficiaries represented here are assuring you that we have clearly understood your position and taken your assurances, there is no need for any protest” Garba mentioned.
While encouraging all beneficiaries to keep calm as they patiently expect their payments, the cluster of beneficiaries expressed their joy over the assurances given to them for a better implementation of the programme which will ensure that no beneficiary is left behind in the renewed hope agenda of the Federal Government.
News
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
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“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
News
Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.
Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.
He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.
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“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.
He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.
“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.
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“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.
DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.
News
IGP Orders Officers Display Name Tag On Uniform, Gives Update On State Police

The Inspector General of Police, IGP, Tunji Disu, has ordered all police personnel to always have their name tags on their uniforms for easy identification.
Disu disclosed that only police personnel who are undercover are exempted from displaying their name tags.
Speaking on Tuesday, Disu said: “All police officers should have their name tags. All of us on the high table have our names apart from the undercover among us so if you look at all the Commissioners of Police we have our name tags, so it’s not our standard.
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“All the Commissioners of Police are here and that is why we called this meeting, we have list of things like this that we will want to discuss with the Commissioners of Police, we have told them earlier and we will still let them know that every that happens within their area of jurisdiction falls under their control.”
On the issue of state police, the IGP said: “Since we got the signal that the Federal Government of Nigeria intend to establish State Police and since we are the federal police, we decided to take the bull by the horn and put down our own side of what we believe on how the state police should be run.
“A lot of things were taken into consideration, a lot of comparative analysis was done and it has been transmitted to the National Assembly.”
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