News
Varsity Bars Edo IDPs From Exams Over Non-payment Of Fees
No fewer than 63 Internally Displaced Persons (IDPs) from the Home for the Needy Foundation (IDP) camp, Uhorgua, Edo State, may be barred from writing their semester exams at the Western Delta University, Oghara, Delta State.
This followed the management of the camp’s inability to pay the N116. 3 million owed the institution for sponsorship of the IDPs.
This is contained in letter from the institution authorities signed by the Acting Registrar, Mr Elvis Ofotokun.
The letter which has as its headline: Re: ‘’Overdue Payment of School Fees for IDP Sponsored Students’’ said that the amount was the total outstanding amount for the 2024/2025 academic session.
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“We write to follow up on our previous correspondence regarding the outstanding debt incurred by your organisation for sponsored students in Western Delta University, Oghara.
”As you recall your team visited our institution twice to discuss payment modalities as we were assured of regular payment to settle indebtedness.
”Unfortunately, our records indicate that only N7.5 million has been paid since March 2024. The total outstanding amount for the 2024/2025 academic session now stands at N116, 323,000.
”This significant debt poses a substantial challenge to the university operations. In light of the above, management has decided to take drastic action to recover the debt,’’ it said.
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“Consequently, all your sponsored students will not be permitted to sit for the upcoming first semester examinations until this debt is settled,’’ the institution said.
Mr Solomon Folorunsho, Coordinator of the camp appealed to kind hearted Nigerians to assist in offsetting the bill.
He said presently about 60 of the IDPs were in 400 and 500 level in the institution, adding that the years they have already spent should not be allowed to be a waste.
”I am appealing to kind hearted Nigerians whether in the country or outside the country as well as corporate orgnisations with educational foundations like the Tony Elumelu Foundation, TY Danjuma foundation among others to come to our aid.
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”MTN, Glo, and other telecom giants, multi-national oil companies as well as indigenous oil companies, please see these students as your brothers and sisters and contribute to their achieving a life-long feat.
”We cannot allow them to drop by the way now that they are almost at the goalpost, please help the camp to help.
”We cannot do it alone, please help us. This education funding challenge is one among many other challenges we are facing in the camp,” the coordinator appealed
News
Transfer: Premier League Clubs Scramble For Dele-Bashiru
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.
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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
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.
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“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
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.
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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).
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“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.
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