News

Oilwatch Frowns At Appointment Oil Chief As COP28 President, Wants His Removal

Published

3 years ago

January 14, 2023

By Joseph Ebi Kanjo

A civil society organisation – Oilwatch International, has demanded for the cancellation of the appointment of head of Abu Dhabi National Oil Company in United Arab Emirate, Sultan Al Jaber, as the president of the forthcoming Conference of Parties (COP28) billed to hold in United Arab Emirates.

Oilwatch added that having the head of an oil company as the president of any COP is a form of climate denial at a time when the world should make every effort to shift from fossil fuels to renewable energy.

A statement by Oilwatch, a copy of which was made available to INFO DAILY by Kome Odhomor Media/Communication Officer, HOMEF, said the appointment of the oil chief who also serves as Minister of Industry and Advanced Technology for UAE as the COP president clearly shows the forthcoming COP28 is highly compromised.

“This appointment is a clear indication of climate change denial,” the statement added.

It continued: “The appointment of Sultan Al Jaber who serves as the minister of industry and advanced technology for UAE and also as the chief of the Abu Dhabi National oil Company (Adnoc), which is the world’s twelfth-largest oil company by production, is certain to lock in false and risky solutions in the UNFCCC process. The COP is meant to tackle global warming, not compound it.”

Reacting to the appointment, Nnimmo Bassey, member, Oilwatch International steering committee stated that “the last two COPs crawled with delegates from the fossil fuels sector and they have been responsible for blocking real climate action or derailing negotiations.

“Their heavy presence has led to the COP being unable to call for a fossil fuels phase out — even though it is the sensible thing to do. Now UAE spits in the face of flooded, drowning and other climate impacted nations by appointing the chief among polluters to preside over COP28. We call on the UAE to rescind this appointment.

“It is the time to kick polluters out of the COP, not a time to make them the chief directors of proceedings.

“If they maintain this appointment,
the COP would have earned its title as a Conference of Polluters,” Bassey added in the statement.

On her part, the coordinator of Oilwatch Africa, Salome Nduta stated: “The appointment of Abu Dhabi chief or that of anybody who has interest in oil will definitely gag genuine discussions on the protection of the environment.

“It is a deliberate attempt to reverse minimal gains made so far, oil companies who are the main polluters and violates of rights
should not be made to be the judge in a matter against it. Entrusting
one of their own is a blatant violation of rights and conflict of
interest”.

Also, in his reaction, Kentebe Ebiraidor, the coordinator of Oilwatch International stated: “It is amusing to have the chair of a multinational company play host for COP28. This has shown that the discussions would be centred on profit over people, and it is a clear indication that COP28 has been billed to fail before it begins.

“This is also a clear indication that the communities and the environment will suffer because the decisions that would come out its discussion which will in no way be meaningful nor in favour of the people. Oilwatch International asks that UAE retrace its decision by changing the president of the COP”.

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.