News

NLC Writes ASUU, JUSUN, Others Ahead Of Nationwide Strike

Published

3 years ago

June 3, 2023

Editor

The Nigeria Labour Congress has written all its 43 affiliate unions to mobilise for a scheduled industrial action primed to begin on Wednesday, June 7, 2023.

The strike follows the increment in the pump price of Premium Motor Spirit. Some of the affiliates of the NLC include – the Academic Staff Union of Universities, Academic Staff Union of Polytechnics, Nigeria Union of Teachers, Judicial Staff Union of Nigeria, National Association of Nigeria Nurses and Midwives among others.

In a letter written to the affiliates which was signed by the NLC General Secretary, Emmanuel Ugboaja, the Congress said, “We bring you greetings from the leadership of the Nigeria Labour Congress. You will recall that arising from the National Executive Council meeting held on 2nd June 2023, it was decided that Congress will embark on a nationwide action and withdrawal of services, against the fraudulent increase in the prices of fuel across the thirty-six states of the Federal Republic of Nigeria and the FCT.

“Please be informed that the nationwide action will commence on Wednesday, 7th June, 2023. To this effect, all National Leadership are expected to mobilise their members for the action and ensure full compliance with the directives as services in both the public and private sector are expected to be fully withdrawn by Wednesday, 7th June, 2023. All Presidents and General Secretaries are expected to help ensure the implementation of the decisions of the National Executive Council,” the NLC remarked.

The PUNCH had reported that on Monday, during his inaugural speech at the Eagle Square in Abuja, the President, Bola Tinubu declared that the era of subsidy payment on fuel has ended.

Tinubu had also disclosed that the 2023 budget did not make provision for fuel subsidy as such, further payment is no longer justifiable.

“The fuel subsidy is gone,” Tinubu had declared, adding that his government would instead channel funds into infrastructure and other areas to strengthen the economy.

The presidential pronouncement led to an instant resurgence of fuel queues across the country, with Nigerians lamenting the sharp increase in the price of petrol at the various filling stations.

Although Tinubu’s decision received backing from the NNPCL and the House of Representatives, it has since been resisted by the NLC and Trade Union Congress of Nigeria.

The organised labour has insisted that the President cannot unilaterally take a decision on subsidy removal.

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

2 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

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.