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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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FG Extends NYSC Orientation Camp From 3 to 6 Weeks

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The Federal Government has announced an extension of the NYSC programme. It can be noted that the NYSC camp orientation is usually for three weeks before the youths go out to gain experience, employment, and serve the country for one year.

However, the FG announced that the passing-out parade from camp will be cancelled, and corps members will now spend six weeks in camp instead of three weeks.

“The first two weeks speak to laying a foundation on civic responsibility. The next two weeks will look at career mapping, basic accounting literacy skills, business planning and access to finance. The final two weeks, we intend to have focused corps-stream-specific training aligned with the corps member’s designated stream based on his choice, academic background and skills profile.”


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Is Lagos Sinking? Residents Raise Concerns as Flooding Worsens

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With the rainy season in Nigeria, many are wondering if the increase in flooding has now become the new normal. Lots of videos, clips, and complaints have literally flooded online, showing how badly roads, homes, and other places have been affected.

We were used to hearing about the rise of water on the Island since it is literally surrounded by water, but now floods are being spotted on the Mainland as well.

We may not know exactly why this is happening, but one thing is certain—we urgently need a lasting solution.


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Federal Government Clarifies Position on Proposed Tax Recommendations

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The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.

The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.

“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”


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