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FCMB Expands Energy Finance Loan to Help Nigerians Access Clean Energy Solutions

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First City Monument Bank (FCMB) has increased its energy finance loan, now providing up to N30 million for Nigerian households and small businesses to purchase solar panels, batteries, and inverters.

With a repayment term of up to three years, this initiative aims to ease financial pressures and support businesses’ operational needs.

This loan upgrade aligns with FCMB’s commitment to Nigeria’s 2060 net-zero target, offering affordable clean energy solutions as fuel costs rise.

FCMB’s Managing Director, Yemisi Edun, emphasized, “This loan provides accessible funding for clean energy, offsetting higher fuel costs and aiding sustainable growth.”

George Ogbonnaya, Group Head of Business Banking, added, “Our loan makes clean energy affordable, supporting jobs and environmental sustainability.”

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Recognized by the Development Bank of Nigeria for its impact on MSMEs and sustainability, FCMB continues to build a green ecosystem connecting people, capital, and markets across Africa.


 

 

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Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture

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The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.

She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”

“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”


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Peter Obi Criticises President Tinubu’s Statement on Hunger

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Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.

It can be noted that the President recently stated that hunger has always existed in Nigeria.

Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”

“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”


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Nigerian Army Launches New IED Training Programme

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Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).

The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.

It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”


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