News

Subsidy Removal: Rep Member Contracts 15 Filling Stations To Sell Petrol At N430/litre

Published

3 years ago

September 3, 2023

Editor

Apparently perturbed by the increasing economic hardship associated with removal of fuel subsidy by the Federal Government and its attendant high prices of commodities, member representing Jere federal constituency in Borno state, Hon Ahmed Satomi has contracted 15 filling stations in Jere local government and Maiduguri metropolis to sell Premium Motor Spirit (PMS), a.k.a Petrol at the cost of N430 only per litre as his personal palliatives.

Recall that the current official price of petrol is sold between N630 to N637 per litre which have caused motorists and passengers huge economic burden for survival.

Addressing Journalists at the week end, the federal lawmaker who is also the Chairman House Committee on National Security and Intelligence at the national assembly, Hon Satomi said, the gesture which kick -started last Saturday 2nd September 2023 is a continuous process, as 100,000 litres were dispensed over the week end for motorists and residents irrespective of political affiliation.

On why he chose and directed his committee and the contracted filling stations such as G-Nile, some NNPC mega stations, Total, Bamus Oil among others to sale the product during the week end, the lawmaker said, this will quarantee not only motorists, but even civil servants have the opportunity in joining the queue to access the product at ease.

He however called on well-to-do individuals and organizations to emulate the gesture so as to impact positively on the living condition of all Nigerians, as according to Satomi, palliatives should not be carried out by government alone.

“Out of my little way to cushion the economic hardship, we have initiated palliatives for selling of petrol/PMS at subsized rate for our people which have started in phases.

“My committee led by Member Borno state House of Assembly, representing Jere Local Government, Hon. Abba Kolo Kyari has monitored the flagging off the exercise of 37,500 litres of petroleum products at the price of four hundred and thirty naira (N430) per litre against the government price of six hundred and thirty seven (637) to motorists and tricycles within the metropolis.

“Today, the committee will monitor the second phase of about 62,500 litres to be dispensed in some selected outlets and central filling stations such as Bamus oil-custom road, NNPC filling station-Damboa road, G- Nile filling station-Bulunkutu road and Mufimai Innami-Muna road respectively.

“This gesture will continue until we reach our target of 100,000 litres at subsidized rate for our people.

“Likewise, i want to call on well-to-do individuals and organizations to emulate the gesture so as to impact positively on the living condition of all Nigerians, because palliatives should not be carried out by government alone.” Satomi stated.

He therefore urged motorists and interested members of the public to be law abiding and conduct themselves peacefully while accessing the products at the filling stations, as more of such palliatives would be provided.

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.