News

Naira Scarcity: Hero Of The Moment – FFK Hails El-Rufai For Countering Buhari’s Directive

Published

3 years ago

February 18, 2023

Editor

A chieftain of the All Progressives Congress, APC, Femi Fani-Kayode has lauded the Kaduna State Governor, Nasir El-Rufai over his stance on the Central Bank of Nigeria, CBN’s Naira policy.

Recall that following the redesigning of the Naira notes, the Central Bank of Nigeria, CBN had fixed February 10 as the deadline for the notes to remain in circulation.

But some governors elected under the platform of the All Progressives Congress, APC, dragged the Federal Government to the Supreme Court in a move to stop the execution of the stipulated deadline.

Responding to an ex parte application filed by the Kaduna, Kogi and Zamfara State governments, the Supreme Court on February 8, stopped the CBN from effecting its ban on the old notes pending the hearing and determination of the case on Wednesday, February 15.

Addressing the situation in a national broadcast on Thursday, President Muhammadu Buhari directed the CBN to release the old N200 note while the old N500 and N1,000 notes remain invalid.

However, El-Rufai in a statewide broadcast, countered the president, saying the old N500 and N1,000 remain legal tender in his state, warning that Buhari’s directive was against the Supreme Court order.

He accused the president of working to sabotage the candidacy of the APC presidential candidate, Bola Tinubu.

Reacting, FFK, a former Minister of Aviation described the governor as the hero of the moment.

According to a series of tweets on his official page, FFK who is currently being interrogated at the Department of State Services, DSS over a controversial tweet, said Tinubu would win the election despite the alleged conspiracies against him.

He wrote, “The hero of the moment is @elrufai. He has spoken truth and @fkeyamo has confirmed that truth most eloquently and courageously on Channels TV’s ‘Politics Today’ last night.

“Those that hatched and plotted the conspiracy to stop BAT and are attempting to set our nation ablaze and destroy our democracy have failed.

“Next Saturday this matter will finally be concluded, the hopes of the conspirators shall be dashed and our collective enemies shall not only be roundly humiliated and convincingly defeated but also confined to the dustbin”.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

1 hour ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

1 hour ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

4 hours ago

May 6, 2026

Editor

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.

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).

“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.