The Federal Government has launched a new financing initiative aimed at providing affordable loans to 500,000 young entrepreneurs across Nigeria, with eligible beneficiaries able to access between N200,000 and N2 million to establish or expand their businesses. The programme, known as YOUTHCRED for Entrepreneurs, was unveiled in Abuja on Wednesday as part of the Federal…
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the settlement of insured deposit claims for customers of the 46 microfinance banks whose operating licences were revoked by the Central Bank of Nigeria (CBN), deploying electronic payment channels to accelerate reimbursements. Managing Director and Chief Executive of the NDIC, Mr. Thompson Sunday, disclosed this on the…
Oil industry advocates are blasting Democratic proposals to hike taxes on major oil companies, arguing that they would punish shareholders without lowering fuel prices. Pro-oil advocates say congressional Democrats’ recent legislative push would punish investors in oil and gas companies without providing relief at the pump. Instead, they argue the higher tax burden would discourage…
From Charity Nwakaudu, Abuja More than 80 young Nigerians smiled home with startup grants and leadership certificates on Friday as the Director-General of the Energy Commission of Nigeria (ECN), Dr. Mustapha Abdullahi, empowered them under the maiden Mustapha Abdullahi Energy Leadership Fellowship (MAELF) 2026. The week-long residential fellowship, fully sponsored by Abdullahi through the DAM…
The Uburu Traditional Rulers Council in Ohaozara Local Government Area of Ebonyi State has announced a community-wide spiritual cleansing exercise, declaring a dawn-to-dusk curfew across the community, weeks after the controversial death of a young woman, Mary Habila, at the residence of the Minister of Works, Senator David Umahi. The announcement, contained in a public…
The Senate has commenced moves to compel the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL) and about 40 other Ministries, Departments and Agencies (MDAs) to appear before its Committee on Finance over alleged failures to account for government revenues and comply with statutory remittance obligations. The decision followed a motion…
