YMR awards N24m business grants
In a move signalling a broadened focus beyond spiritual formation, the Young Ministers Retreat has partnered with Premium Trust Bank to provide N24m in business grants to young entrepreneurs.
In a statement, it was noted that the 2025 Young Ministers Retreat concluded at Redemption City with a landmark shift in its mission, awarding N24m (approx. $15,000+) in business grants to over 1,000 young entrepreneurs.
The statement said, “The four-day event, traditionally known for its rigorous spiritual focus on fasting and prayer, pivoted this year to address the economic realities of Nigeria’s youth through a strategic partnership with Premium Trust Bank.
“Pastor Daniel Olawande (popularly known as PDaniel), the convener and pastor in charge of RCCG Youth Province 20, described the initiative as a move to equip a ‘New Army’ that is holistically prepared for societal impact.
“While we ensure spiritual growth, we must ensure young Nigerians are financially capable of growing their businesses. This is how we contribute to the economic growth of the country. To ensure transparency, participants submitted detailed business operations for review by a jury. Prequalified candidates then entered a raffle draw.”
Mary Anu, winner of the N2m grant, expressed her gratitude to both the convener and Premium Trust Bank for the business grant, which came as a surprise but a huge boost to her business.
Meanwhile, the Executive Director of Digital and E-Business at Premium Trust Bank, Shina Atilola, oversaw the distribution, noting the bank’s commitment to supporting the next generation of Nigerian entrepreneurs.
“Now in its ninth year, YMR has grown from its 2017 inception to a global phenomenon, recording over 300,000 attendees this year. As the 2025 ‘New Army’ cohort departs, PDaniel has already set the stage for next year, announcing the 2026 theme: City Takers,” the statement concluded. Josephine Ogundeji
The Independent Corrupt Practices and Other Related Offences Commission has reaffirmed its commitment to investigating the immediate past Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, despite the withdrawal of a petition by billionaire businessman Aliko Dangote.
The Peoples Democratic Party chairmen across the 27 Local Government Areas of Jigawa State have passed a vote of confidence and support in the leadership of the state chairman, Babandi Gumel, and former governor Sule Lamido.
A Chieftain of the African Democratic Congress, ADC, Comrade Austin Okai has predicted that the rift between the Minister of the Federal Capital Territory, Nyesom Wike and the Rivers State Governor, Siminalayi Fubara will consume the ruling All Progressives Congress, APC.
The Federal Capital Territory Administration has sealed Divine Hope Orphanage and Less Privileged Home in Kagini over allegations of illegal child trafficking and other child welfare violations.
The Independent National Electoral Commission (INEC) has resumed the nationwide Continuous Voter Registration (CVR) exercise, marking the commencement of the second phase of the process.
The Inspector-General of Police, Olukayode Egbetokun, has approved the deployment of the newly promoted Deputy Inspector-General of Police, Mohammed Gumel, alongside 17 Commissioners of Police to strategic departments, commands and formations across the country.

Lagos State chapter of the All Progressives Congress, APC, has officially rolled out an electronic membership registration drive across all wards in the state.
Former Kano State Governor and leader of the Kwankwasiyya movement, Senator Rabiu Musa Kwankwaso, has celebrated the Executive Governor of Kano State, Alhaji Abba Kabir Yusuf, on the occasion of his birthday, offering prayers for wisdom and clarity in the year ahead.