News

Senate Approves N451m For Aides Of 12 NDDC Board Members

Published

3 years ago

May 16, 2023

Editor

The Senate has approved a total sum of N451 million for the provision for aides to 12 members of the Niger Delta Development Commission, NDDC outside the provision for personnel cost, overhead cost and Internal capital.

The approval of N451 million for the 17 Aides is out of the 2023 Budget passed for the Commission.

The Senate yesterday passed the 2023 budget of N876 billion for the NDDC

Though the NDDC did not stipulate a breakdown of the provision for aides to board members as the Office of the Chairman of the Commission would gulp N576 million in the 2023 budget.

The approval was a sequel to the presentation and consideration of the report of the Senate Committee on Niger Delta Affairs by the acting Chairman, Senator Amos Bulus, APC, Gombe South.

The breakdown for the office of the Chairman showed that the personnel cost will be gulp – N156 million, overhead -N312 million and Internal capital – N108 million.

In the overall budget of the commission, personnel expenditure will gulp N34.2 billion, overhead expenditure will gulp N17 billion, internal Capital expenditure will gulp N3.7 billion, Development projects will gulp N490 billion and Federal government intervention in the Niger Delta – N330 billion.

According to the report, the revenue sources to finance the budget are Revenue brought forward – N5 billion, Federal government contribution – N119 billion, Federal government contribution (unpaid areas ) – N430 Billion, Oil companies contributions – N297 billion, Ecological funds – N20 billion and other Internally Realized income – N500 million.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

54 minutes 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

3 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.