News

Tinubu Scraps Niger Delta, Sports Ministries

Published

2 years ago

October 23, 2024

Editor

President Bola Tinubu and the Federal Executive Council have announced the scrapping of the Niger Delta Ministry and the Ministry of Sports Development.

According to a tweet by the Special Adviser on Information and Strategy to the President, Bayo Onanuga, on Wednesday, the decision was reached during the FEC meeting held in Abuja on Tuesday.

The statement read, “President Tinubu and Federal Executive Council scrap Niger Delta Ministry and the Ministry of sports development.

“There will now be a ministry of regional development to oversee all the regional development commissions, such as Niger Delta Development Commission, North West Development Commission, South West Development Commission, North East Development Commission.”

He also said the responsibilities previously held by the Ministry of Sports Development will now be transferred to the National Sports Commission, which will take charge of sports-related activities in Nigeria.

“The National Sports Commission will take over the role of the Ministry of Sports,” he stated.

Additionally, the FEC approved the merger of the Ministry of Tourism with the Ministry of Culture and Creative Economy, creating a single entity.

Onanuga’s announcement did not specify the fate of the current ministers in charge of the dissolved ministries or outline how their duties would be reassigned.

Abubakar Momoh has been overseeing the Niger Delta Ministry, while John Enoh served as the Minister of Sports Development.

This move comes amid increasing demands to streamline government structures and reduce the expenses associated with maintaining numerous ministries and political positions.

At a three-day retreat for cabinet members and presidential aides last November, Tinubu introduced a Central Delivery Coordination Unit, led by his Special Adviser on Policy Coordination, Hadiza Bala-Usman.

The unit was tasked with monitoring and evaluating the performance of ministers and senior government officials.

Tinubu emphasised that these regular performance assessments would play a crucial role in deciding which officials would remain in the cabinet.

“If you are performing, nothing to fear. If you miss the objective, we’ll review it. If no performance, you leave us. No one is an island and the buck stops on my desk,” he said.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

3 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

25 minutes 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.