News
NDDC Releases N10bn For Niger Delta Entrepreneur Programme

The Niger Delta Development Commission has released the sum of N10bn to the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture to kick start its entrepreneur’s development program.
The Commission explained that the N10 billion is an initial sum of the N30 billion which it promised to invest in the chamber and reaffirmed its commitment to the growth of commerce and trade in the region.
The Managing Director/Chief Executive Officer of the NDDC, Dr Samuel Ogbuku, said this while speaking at the inauguration of the board of directors of the NDCCITMA in Port Harcourt on Friday.
Ogbuku said, “During the flag-off ceremony of the sensitisation programme, I did mention that the commission will be investing N30bn in the Enterprise Development scheme to be managed by NDCCITMA to support the entrepreneurs in our region from the NANO, Micro and Small-scale level.
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“I am here to reaffirm that promise. Today, we shall make good the promise by releasing NN10bn to the NDCCITMA designated bank for immediate commencement of the entrepreneur’s development program”.
He assured the commission of’s commitment to partnering with the NDCCITMA to achieve its set goals.
“We look forward to their partnering with NDCCITMA for the growth of the economies of the states and the region at large. I would also like to appreciate all the state reps on the NDDC board for their full support. It is good that this is happening in your own time on the board of NDDC.
“NDCCITMA and the Commission will work out the operational dynamics for the program. The commission has approved 5000 businesses to kick-start this initiative, “Ogbuku stated.
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He continued, “We assure you that NDDC is poised to grow the region in commerce and trade through encouraging everyone to be part of the NDCCITMA activities”.
Ogbuku further directed all contractors and vendors in the NDDC to ensure they register with the NDCCITMA by July 31, 2025.
“The commission would also like to advise all current and intending vendors in NDDC to register with NDCCITMA, as doing so will be an added advantage for consideration of possible and continued patronage by the Commission.
From today to July 31st, every NDDC contractor must be duly registered with the NDCCITMA.”
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Earlier in his remark, the Board Chairman, Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture, Idaere Ogan, affirmed the Chambers’ readiness to work with the NDDC to achieve its vision of transforming the Niger Delta region.
Ogan said, “We align fully with the NDDC’s vision to transform the Niger Delta into a region that is economically prosperous, socially stable, ecologically regenerative and politically principled.
“The NDCCITMA is a tool in achieving this transformation. Our purpose is clear: to serve as a catalyst for development across all tiers of the economy, from nano and micro businesses to medium-sized enterprises and large industries.
“This platform will facilitate job creation, skills development, innovation, export growth, and productive partnerships.”
News
Six Corps Members Receive N10m Grants To Boost Agribusiness

Six members of the National Youth Service Corps (NYSC) have received a total of N10 million in grants to expand their agribusiness ventures under the Farmers for the Future Programme.
The programme was organised on Monday by the British American Tobacco Nigeria Foundation (BATNF) in collaboration with the NYSC to encourage young Nigerians to embrace agriculture and develop sustainable businesses.
Presenting the cheques to the beneficiaries in Abuja, the NYSC Director-General, Brigadier General Olakunle Nafiu, urged Corps members to maximise the opportunities provided by the service year by venturing into commodity marketing and other viable businesses.
Nafiu said agribusiness remained a viable avenue for young people to build sustainable enterprises, create employment and generate wealth.
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He also stressed the importance of value addition to the success and sustainability of business ventures, while commending BATNF for placing Nigerian youths at the centre of its entrepreneurship initiatives through value-chain development, employment creation and its partnership with the NYSC.
“I charge you to spread the news around. We have seen the outcome, and it is a good idea,” he said.
The beneficiaries are Dominic Olufemi (FC/25C/1143), who received N3 million; Temitope Adewole (ED/26A/2251), N2 million; Abdulwaheed Bala (ED/25B/1402), N2 million; Olanike Mayungbe (OG/26B/1037), N1 million; Kingsley Udoeyen (KG/26A/1735), N1 million; and Lorember Lorsue (JG/25B/1742), N1 million.
Speaking on the selection process, the Acting Director, Skills Acquisition and Entrepreneurship Development (SAED), Mrs Winifred Shopeka, said the programme began with an online registration portal through which Corps Members engaged in agribusiness submitted their business plans.
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She said nearly 3,000 Corps members applied and underwent a rigorous selection process that produced 20 finalists.
According to her, the finalists participated in a boot camp and a final pitching session, which produced the 10 best presenters before the six ultimate winners were selected.
Shopeka said the beneficiaries had also been mentored and attached to established market operators to assist them in marketing their products.
She added that Corps Members who did not make the final stage of the competition were also trained by BATNF.
The BATNF Team Lead, Mr Oludare Odusanya, congratulated the beneficiaries and urged Corps Members engaged in agribusiness to master the fundamentals and acquire the knowledge and skills necessary to succeed.
“We are happy with our collaboration with the NYSC, and it will continue,” he said.
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Odusanya explained that BATNF was an independent organisation established to contribute to poverty reduction in Nigeria through sustainable agricultural practices and other interventions.
He said the Farmers for the Future Programme was instituted in collaboration with the NYSC to encourage Corps Members to venture into agribusiness and become job creators.
He added that the beneficiaries would be attached to mentors who would guide them towards achieving success in their respective businesses.
According to him, the programme has, since its inception, continued to enhance the entrepreneurial capacity of Corps Members.
News
CBN Reduces Interest Rate To 23%

The Central Bank of Nigeria (CBN) on Tuesday announced the reduction of the interest rate, also known as Monetary Policy Rate (MPR) to 23 percent.
Briefing the media in Abuja, the Governor of the CBN, Mr. Olayemi Cardoso, said at the 307th MPC meeting held on September 22, 2026 agreed the resetting of the MPR and recaliberation of the monetary policy market.
According to Cardoso, the committe is satisfied with the disinflation progress, adding that members noted stable banking sector following successful recapitalisation.
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Meanwhile, according to Nigerian Tribune, reports that that the MPC, at its 306th meeting in July 2026, disclosed its resolution to retain the interets at 26.5 percent.
According to the Governor of the CBN, Olayemi Cardoso, “the Committee’s decision to maintain the current policy stance followed a thorough assessment of the balance of risks. Although headline inflation moderated marginally in June 2026, global uncertainties have heightened, due mainly to the renewed hostilities in the Middle East.
“In view of the evolving developments, maintaining a cautious monetary policy stance remains appropriate. In arriving at its decision, the Committee noted the recent resurgence of hostilities in the Middle East, with particular attention to its spillover effects on global energy prices and the potential pass-through to domestic inflation.”
News
NURTW: KWAM1 Settles Long-time Rift Between MC Oluomo, Tafa Sego

Nigerian Fuji musician, Wasiu Ayinde Marshal, popularly known as KWAM1, has brokered a peace deal between the National Union of Road Transport Workers (NURTW) National President, Musiliu Akinsanya, popularly known as MC Oluomo, and the Lagos State Chairman of the union, Mustapha Adekunle, aka Tafa Sego.
The reconciliation took place at Ojusagbola in Ijebu, Ogun State, where several NURTW chieftains gathered for the meeting.
The development was announced on Tuesday on KWAM1’s digital media page on Instagram, alongside photographs from the meeting.
According to the post, the two union leaders have resolved their differences after years of strained relations.
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“After years of an age-long rift, MC Oluomo and Tafa Sego have finally settled their differences. And from what we know now, this is final,” the post said.
The musician was said to have intervened as the Mayegun of Yorubaland, with the aim of bringing an end to the longstanding disagreement between the two NURTW figures.
“K1 acted in his role as the Mayegun of Yorubaland by seeking an end to the long-standing rift, once and for all,” it said.
The post also described the meeting as a significant step beyond previous public displays of reconciliation.
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“This time, it was not just another handshake for the cameras. The two old friends and colleagues came together at Ojusagbola, with King Wasiu Ayinde Marshal (K1) playing the peacemaker.”
Both MC Oluomo and Tafa Sego were reported to be pleased with the outcome of the intervention.
“Both parties are delighted about the new development,” the post said.
The two men had previously been allies and prominent figures within the Lagos NURTW before their relationship became strained amid disagreements linked to leadership of the union in the state.
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