News

Nigeria Now Produces 1.3million Barrels Of Crude Oil Per Day – Sylva

Published

5 years ago

October 23, 2021

Editor

The Minister of Petroleum Resources (State), Timipre Sylva has said Nigeria is currently producing about 1.3million barrels of crude oil per day.

The minister, who was represented by Permanent Secretary of the ministry, Nasiru Gwazo, disclosed this during an address he presented at the just-concluded 2021 convocation ceremony of the Petroleum Training Institute, Effurun, Uvwie Local Government Area of Delta State.

He said, “The ministry is putting all concerted efforts to meet the current OPEC quota.

“Another is the approval by the Federal Executive Council for the comprehensive rehabilitation of all the refineries in Nigeria.

“We have started with the Port-Harcourt Refinery and Petrochemical Company, and we are swiftly on the course to rehabilitate the Warri and Kaduna refineries.

“Equally important, the recent passage of the Petroleum Industry Bill now Petroleum Industry Act (PIA) is a watershed moment for Nigeria. The Act provides legal, governance, regulatory and fiscal firework for the Nigerian Petroleum Industry, the development of host communities, and other related matters.

“The President has also approved the constitution of a steering committee to oversee the process of implementation of the PIA. On this note, the implementation committee will ensure that the PTI is saddled with the responsibility of human capacity development in the Oil and Gas sector in Nigeria.”

In an address, the Delta State Governor, Arthur Ifeanyi Okowa said education remains free and compulsory in Delta State from primary to secondary levels.

Governor Okowa, who was represented by the Commissioner for Higher Education, Prof. Patrick Muoboghare said, “every student of Delta State origin is entitled to access our bursary scheme which cuts across all tertiary institutions in the state.”

He said, ”We also ensure that our students study under the most conducive environment. We have employed quality teachers for our public schools, our beliefs being that public schools should be funded properly and education received in public schools should be of the sane standard with that received in private schools.”

On his part, the Principal and Chief Executive of the Petroleum Training Institute, H.A. Adimula, disclosed that a total of two 2,297 students have graduated from the Petroleum Training Institute,PTI, Effurun in Uvwie Local Government Area of Delta State.

He said, “The graduands are for the 2018/2019 and 2019/2020 academic session.”

Adimula added the graduates will receive the institute’s prestigious diplomas and certificates.

According to him, “Out of this number,1,408 will be awarded National Diplomas, 1,153 graduands will be awarded Higher National Diplomas while 16 graduates will receive the PTI general welding certificates.

“I am enthused to inform you that 161 students graduated with distinctions while 810 students graduated with upper credit grades.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

2 hours 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

3 hours 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

5 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.