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Again, bandits kill 9 abductees in Niger
Bandits who abducted 50 people from the Madaka Market in Rafi Local Government Area of Niger State have reportedly killed nine of the abductees.
DAILY POST findings reveal that apart from the 22 earlier killed during the attack, nine more persons abducted have been killed.
The victims, mostly women, were abducted last Thursday and were being transported to the adjoining forest of the Allawa area when the bandits executed the brutal killings.
According to the district head of Madaka, Isah Bawale Madaka, seven people were killed in Kukoki village while moving into the forest, with an additional two individuals losing their lives en route.
He said, “In Kukoki village while going into the forest around Shiroro local government area of Niger State they killed seven people and killed additional two people while moving towards the forest.”
Madaka also stated that over 30 bodies have been buried so far, raising questions about the bandits’ motives as they have not demanded ransom for the abducted individuals.
He stated that for the past few days, he had tried to keep tabs on the route of the bandits and how to ensure the safety of the people abducted.
The Emir of Kalgara, Alhaji Ahmed Attahiru Gunna, and Hon Ismaila Modibbo, the representative of Rafi/Shiroro/Munya Federal Constituency, visited the injured victims to offer support and condolences.
[DailyPost]
5 Things To Know About Selling Your Used Car Online
Finding the perfect buyer for your old automobile may be profitable and easy when you sell it online. But managing the digital market necessitates giving serious thought to a number of different aspects. This article offers a thorough how-to, outlining five essential points to be aware of in order to guarantee a smooth and profitable online automobile selling process.
1. Pricing Your Used Car Competitively
Setting the appropriate asking price when buying your used automobile online is more than simply a duty; it’s a calculated move. Investigate the market value of your particular make and model in great detail, paying close attention to details like mileage, general condition, and any standout extra features. Although internet platforms frequently offer tools for appraisal, more investigation enables you to establish a competitive price that is both in line with market trends and distinctive enough to draw in possible purchasers. Remember that selling your automobile competitively increases the likelihood that you will draw in serious purchasers quickly and is not just about making a quick sale.
2. Thoroughly Documenting Your Car’s Condition
The expression “a picture is worth many words” is especially true when it comes to online auto sales. Online customers place a lot of faith in the information you provide in your automobile ad, so being transparent is essential. Go above and above by making sure you capture every aspect of your car’s state in a number of crisp, comprehensive pictures that show off the inside and outside. Being truthful is crucial; be sure to include any dents, scrapes, or wear and tear. By establishing confidence and drastically lowering the likelihood of disagreements or disappointment in in-person inspections, this degree of openness in your listing promotes a smooth and successful transaction process for all parties.
3. Crafting an Engaging and Detailed Listing
Think of your web listing as your digital showroom, a digital platform where your automobile takes center stage rather than just advertising. A well-written listing is essential for drawing in prospective purchasers. Give a thorough description of your vehicle, covering its salient characteristics, maintenance records, and any new additions or special features that make it stand out. Make sure the words you choose pique the interest of potential customers by being captivating and engaging. To provide even more confidence and openness, think about incorporating a thorough car history record. By taking this extra step, you show that you are dedicated to giving prospective customers all the information they want, which builds your reliability and dependability in the online marketplace.
4. Choosing the Right Online Platform
Your car-selling experience is greatly shaped by the internet platform you use, which affects reach, usability, and overall success. Well-known sites like Facebook Marketplace, Craigslist, and specialized car-selling websites each have their benefits. Make your selection with your target audience’s preferences and the benefits that each platform offers in mind. It’s critical to balance the possible advantages with any related expenses, as certain platforms could charge a listing fee. Maintaining a balance between these variables guarantees that you will not only optimize visibility but also raise the possibility of a quicker and more effective sale in the online marketplace.
5. Handling Inquiries and Negotiations Effectively
After showcasing your automobile online, be prepared to respond to inquiries swiftly and professionally from potential buyers. Timely responses not only showcase your dedication to the transaction but also contribute to creating a positive impression. While being open to compromise, it’s crucial to have a clear understanding of your lowest acceptable price. Additionally, ensure you are well-prepared for negotiations. Prioritize safety when arranging test drives and inspections, opting for public meeting locations to enhance the comfort of all participants. Throughout this process, maintaining a calm and agreeable demeanor contributes to building your credibility as a reliable seller. This approach ensures a positive online marketplace experience for both you and potential buyers, increasing the likelihood of a successful transaction with an auto transport company ready to handle the next phase of the vehicle’s journey.
Conclusion
Connecting with potential customers is made easy and effective when you sell your used automobile online. You may confidently traverse the internet marketplace by pricing your automobile competitively, accurately recording its condition, creating an interesting listing, selecting the best online platform, and skillfully managing queries and negotiations. It will be easier to sell your used automobile if you take these important factors into account, and you’ll also have a better chance of finding a suitable buyer.
[DailyTrust]
Edo PDP chairman regains freedom after 11 days with abductors
Edo chairman of the Peoples Democratic Party (PDP), Dr. Tony Aziegbemi, who was seized on March 15, has regained freedom.
The Nation gathered he regained freedom on Tuesday by 3am after spending eleven days in den of the kidnappers.
But our correspondent couldn’t not confirm if the N500m ransom was paid.
Aziegbemi’s ally in PDP, Senator Odion Ugbesia, confirmed his release to The Nation on phone.
Edo Police Public Relations Officer (PPRO), Chidi Nwabuzor, a Superintendent of Police (SP), was yet to respond to confirmation of Aziegbemi’s release as of press time.
Edo PDP chairman was kidnapped by 11pm near his residence off Country Home Road Government Reservation Area (GRA) Benin after attending a political meeting at Government House in the state capital.
Details shortly…
[TheNation]
Igboho, Gani Adams on warpath over assassination allegation
Yoruba Nation agitator, Sunday Adeyemo, alias Sunday Igboho; and the Chief of Staff to Governor Babajide Sanwo-Olu of Lagos State, Mr Tayo Ayinde, have both threatened to drag the Aare Ona Kakanfo, Iba Gani Adams, to court for allegedly accusing them of plotting an assassination.
Igboho and Ayinde, in separate pre-action letters by their lawyers, demanded that Adams should retract the said assassination claim against them or they would drag him to court.
But when contacted by The PUNCH, Adams declined comments on the matter, saying: “No comment on that. No comment.”
In a March 20, 2024 pre-action letter, Ayinde’s lawyer, Adeyinka Olumide-Fusika (SAN), demanded that Adams should retract the allegation “without any need on my client’s part to press you further on the subject.”
Olumide-Fusika said the pre-action letter was informed by the content of a press release issued by Igboho, titled: “I did not take part in killing Chief Bola Ige…”
According to Olumide-Fusika, Igboho said the press release was in reaction to some allegations against him in a viral voice note made by Adams.
Olumide-Fusika said, “In the press release, Chief Sunday Adeyemo claimed to be reacting to ‘issues raised by the voice notes going around on social media released by Aare Gani Adams,’ which ‘attacked his character’.”
The lawyer said his client’s name was mentioned in Igboho’s press release, a situation that had made many people from within and outside Nigeria to inundate him with phone calls, prompting him to go and listen to the said voice note.
According to Olumide-Fusika, the 10th paragraph of Igboho’s press release suggested that Adams claimed that Ayinde hired Igboho to assassinate him (Adams).
According to Olumide-Fusika, Adams, in a viral voice note, was allegedly heard saying in Yoruba language: “I would send you a letter signed and sent by these people to Tinubu, imploring him to stop wasting time and give them the go-ahead to eliminate me (Adams). The letter was signed by them and sent to Tinubu’s Bourdillon address, and it was received there. Those are the characters in the circle of this thoughtless fellow; he covets their association. My enemy’s friend is my enemy. He (Igboho) says we should combine forces to liberate our people, but he is in bed with enemies of our cause.
“So, be careful associating with Igboho. Just last night, he was with Tayo Ayinde, the Lagos State Governor’s Chief of Staff. He was heavily paid. You know that I have an extensive intelligence network as Aare Ona Kakanfo of Yorubaland. Until about 2:45am, he was with Tayo Ayinde, the Lagos State Governor’s Chief of Staff, who Tinubu also uses in Lagos to coordinate the execution of his evil machinations. He has been doing work of that nature for Tinubu since his days in the SSS.
“He resigned from the SSS, Ibadan to concentrate fully on such work for Tinubu, who compensated him with the office of Chief of Staff to the Lagos State Governor. It was at his hotel somewhere in Ikeja, Lagos, that Igboho visited him to collect money for logistics to confront me. Igboho left lbadan at about midnight to attend this meeting which ended at about 2:45am.
“Tayo Ayinde gave N45m in cash to Igboho for the operation, thus shortchanging Igboho to the tune of N5m out of the N50m purse provided by Tinubu. The discovery of this has brewed disenchantment in their midst.”
In the pre-action letter written on Ayinde’s behalf, Olumide-Fusika described the alleged claims by Adams as injurious to the person of his client, asking the Aare Ona Kakanfo to retract the same.
The lawyer said, “You will agree with me that the imputations in the above are as serious and damaging, as those who have listened to the ‘voice notes’ have represented it to my client by their telephone calls and visits. It includes that my client is complicit in a conspiracy to murder you (Adams), and is in fact the coordinator of the phantom operation.
“Given your own experience in life, I am sure you will appreciate how painful it is to be unjustly accused, as you have done in this instance against my client.”
The lawyer added, “My instructions are, therefore, to respectfully demand that you retract the false and wicked allegation, either through another voice note to go round the same social media, or by a press release referencing and recanting the allegation.
“I do believe that this gentlemanly request will be voluntarily heeded by you without any on my client’s part to press you further on the subject.”
On his part, Igboho in a letter by his lawyer, J.A. Sanusi, dated March 18, 2024, addressed to Adams, stated that he had been inundated with several calls “over the unfortunate lies peddled by you (Adams) against him (our client).”
The lawyer, on behalf of Igboho, said the people of Nigeria world over wished to confirm the veracity of the said “malicious interview or phone calls you (Adams) had with a person unknown that has become subject of public embarrassment and caused serious odium against the person of our client.”
The letter, which asked Adams to retract the allegations, also demanded the sum of N500m in compensation.
It partly read, “You (Adams) are aware that there is an audio clip which is presently going viral on all new media platforms where you have alleged the following against our client (Sunday Igboho) viz:
“That our client is an assassin who used to work for His Excellency Bola Ahmed Tinubu, President, Federal Republic of Nigeria.
“That our client is rumoured to be one of the persons that assassinated the late Chief Bola Ige, SAN, together with one Fryo.
“That our client was involved in a series of murder cases but escaped prosecution as a result of his political connection.
“That our client received the sum of Forty-Five Million Naira (N45,000,000.00) sometime in 2022 to carry out some dirty works for His Excellency, President Bola Ahmed Tinubu GCFR; and
“That our client swindled Nigerians in diaspora for a fake self-determination agenda of the Yoruba race.”
Sanusi said Igboho wished to inform Adams “that the malicious lies against our client only exist in the figment of your imagination as our client is a law-abiding citizen, whose only offence at the time was to protect the interest of the Yoruba race, a responsibility which you were ordinarily saddled to discharge but failed to so do.”
He stressed that the false outburst had not only caused embarrassment but also economic losses to Igboho.
He stated further, “It is in the light of the above that we call on you to forthwith retract all the negative comments (highly defamatory too) made against the person of our client which has just been released to the social media, including YouTube platform.”
The lawyer said Igboho would be seeking redress in the court should Adams fail to meet his demands.
Faye: 15 things to know about 44-year-old Senegal’s President-elect
Bassirou Diomaye Faye has emerged as Senegal’s President-elect after an unprecedented victory at the presidential election on Sunday, March 24, 2024.
Provisional results showed the opposition candidate, Faye had about 53.7%, while former Prime Minister and ruling coalition’s candidate, Amadou Ba, secured 36.2% based on tallies from 90% of polling stations in the first-round vote, according to the electoral commission.
Giving his first acceptance speech, Faye said, “In electing me, the Senegalese people have decided on a break with a past. I promise to govern with humility and transparency.”
Both incumbent President Macky Sall and his anointed candidate, Ba have congratulated Faye.
Faye, the 44-year-old politician is set to become the fifth President of Senegal on April 2, 2024, when he will be sworn in.
Here are 15 amazing things to know about Faye:
1. Faye was born on 25 March 1980 in Ndiaganiao in the western department of M’Bour, Thies, Senegal.
2. He was the former General-Secretary of the dissolved political party, PASTEF, (Patriotes africains du Sénégal pour le travail, l’éthique et la fraternité), meaning the African Patriots of Senegal for Work, Ethics and Fraternity, founded in 2014 by Ousmane Sonko.
3. In 2000, Faye earned his baccalaureate and successfully attained a master’s degree in law and subsequently cleared both competitive exams, enrolling at the National School of Administration (ENA) and the magistracy in 2004.
4. After graduation, he became a tax inspector in the Tax and Estates department, where he met Sonko, a fellow alum from the same school.
5. Faye and Sonko‘s friendship grew closer in 2014, in the Taxes and Estates Union, created by Sonko, and at this time, Faye campaigned to facilitate homeownership for tax and property agents.
6. Sonko, PASTEF leader and Senegal’s main opposition leader endorsed Faye as a presidential candidate in November 2023, following uncertainty over the possibility of Sonko contesting, despite the dissolution of PASTEF several months earlier.
7. Faye spent more than 11 months in prison for a Facebook post that authorities deemed subversive, and regained freedom just 10 days before the presidential election, and still won.
8. Following his endorsement by Sonko, on 15 March 2024, a day after his release from jail, Faye gathered hundreds of supporters at his first public appearance as a presidential contender.
9. Former President Abdoulaye Wade and his Senegalese Democratic Party (PDS) endorsed Faye on the same day, in a boost to his chances of winning the election.
10. During the presidential campaign, Faye promised to create jobs, campaigned strongly against corruption, and vowed to reexamine energy contracts, running under the slogan “Diomaye mooy Ousmane”, which means “Diomaye is Ousmane” in Wolof, as he hoped Sonko’s charisma and popular would appeal to Senegal’s youth for his victory at the pools.
11. He was one of Sonko’s trusted allies and personal friends and also became popular with Senegalese youths who desired a breakaway from Sall’s government.
12. On April 14, 2023, Faye was apprehended as he exited his tax and property office on Rue de Thiong in Dakar, and was consequently placed under police custody for charges including “spreading false news, contempt of court, and defamation of a constituted body” following a social media post he made.
14. When Faye, Sonko, and others were released from prison by incumbent President Macky Sall on 14 March, days before the election, Faye began campaigns including vows to fight the “French economic stranglehold” over Senegal.
15. Faye is a tax inspector and lawyer by profession, and has two wives – Marie Khone and Absa, with four children.
[Vanguard]
Tukur Mamu gives FG 7 days to retract terrorism financing allegation against him
Tukur Mamu, publisher of Desert Herald, has given the federal government a seven-day ultimatum to retract allegations of terrorism financing against him.
BACKGROUND
Last week, the federal government named Mamu as one of the suspects involved in terrorism financing in the country.
Mamu was listed among 15 entities, including nine individuals and six Bureau De Change (BDC) operators and firms.
He is currently being tried by the federal government for allegedly aiding the terrorists who attacked the Abuja-Kaduna train in March 2022.
After he was arrested in 2022, the government said it had found $300,000 in his possession.
The publisher has denied any allegiance to terrorists.
‘IT’S PREJUDICIAL’
In a letter through J.J Usman, his lawyer, dated March 25, 2024 and addressed to the attorney-general of the federation (AGF), Mamu said no competent court of law has found him guilty of terrorism financing.
He said upon expiration of the ultimatum, he will seek redress in court.
“It is lamentable to observe that on 19/03/2024: while the case against Our Client is still pending, the social media was saturated by a publication allegedly emanating from and authorized by your good office,” the letter reads.
“However, the said publication was specifically made by the “Nigerian Sanctions Committee” wherein Our Client was profiled and designated as a “Terrorist (TERRORIST FINANCIER)”.
“As at the time of this missive, no Court of competent jurisdiction in Nigeria have designated Our Client as such. It is a common knowledge that the administration of criminal justice system in Nigeria, is not only antithetic to, but forbids media trial in whatever guise.
“We vehemently condemn the actions of the Nigerian Sanctions Committee same being a violation the rule of natural justice and prejudicial to Our Client who is undergoing trial, and whose trial is still pending in SUIT FHCIABJ/CR/96/2023.
“We have no doubt about the deliberate ploy to soil the name and the hard earned reputation of Our Client in whose favour the constitutional right to the presumption of innocence inures.
“On the basis of the aforesaid, we demand in very clear and unequivocal terms: the immediate Retraction of the said Publication within 7 days from the receipt of this letter dated this 25th March, 2024.
“Failure to comply with our client’s demand, we will have no hesitation in seeking redress in the court of law for the ventilation of our client’s grievances.”
[TheCable]
[OPINION] The escape of the Binance executive and other security matters - Etim Etim
The escape of Nadeem Anjanwalla, one of the two detained executives of Binance Holdings Ltd, from the DSS custody in Abuja is the most embarrassing security breach of the Tinubu administration and it’s a clear pointer to the porosity of our fight against terrorism and financial crimes. Elsewhere, such lapses would automatically lead to the sack of the security chief, arrest of the guards and their supervisors and the resignation of the supervising minister. But in Nigeria, the government will move on as if nothing happened. So far, the government has remained tightlipped.
Anjarwalla and his colleague, Tigran Gamabaryan, together with their company, Binance Holdings, were facing charges of tax evasion, money laundering and other offences in the Federal High Court Abuja. The two men have been in DSS custody since February 26 when they arrived the country. Anjarwalla is Binance’s Africa regional manager and Gambaryan, a US citizen is its compliant officer.
The company is facing serious criminal charges including nonpayment of VAT, company income tax and complicity in aiding its customers to evade taxes through its platform; failure to register with FIRS for tax purposes and unwillingness to collect and remit various categories of taxes to the federal government, thus contravening Section 40 of the FIRS Act of 2007. In addition, Binance is accused of encouraging speculative currency trading on its platform which was responsible for the drastic fall in the value of the Naira. The two men are co-defendants in the case.
A criminal charge was filed against the two executives before a Magistrate Court in Abuja, and on February 28, the court granted the Economic and Financial Crimes Commission (EFCC) an order to remand the duo for 14 days. The court also ordered Binance to provide the Nigerian government with the data/information of Nigerians trading on its platform. But the company refused to comply with the order and the court extended the remand of the officials for an additional 14 days to prevent them from tampering with evidence. The court then adjourned the case till April 4. Meantime, the government has revealed that over $21.6 billion was traded by Nigerians whose identities were concealed by Binance. The government also believes that some dubious persons were using Binance for money laundering, terrorist financing, currency speculation and market manipulation, distorting the Nigerian economy and weakening the Naira against other currencies.
These are very serious indictments that border on serious economic sabotage against the Federal Republic of Nigeria. Whosoever aided and abetted the escape of one of them should be treated as an economic saboteur and an enemy of Nigeria. According to Premium Times, Anjarwalla, 38, escaped on Friday, 22 March, from the Abuja guest house of the DSS where he and his colleague were detained after guards on duty led him to a nearby mosque for prayers in the spirit of the ongoing Ramadan fast. A British citizen with a dual Kenyan citizenship, Anjarwalla is believed to have fled on a Middle East airliner. Security officials are however puzzled that Anjarwalla left the country although his British passport, with which he entered Nigeria, had been seized by the Nigerian authorities.
I am not puzzled. Rich people can wangle their way out of any tight situation, especially in a nation of corrupt officials. For a man who was detained in a comfortable setting in a guest house and allowed use of telephones, it is no brainer that he was able arrange for his Kenyan passport to be sent to him, and with that he fled Nigeria. It is also likely that Anjawarlla had also compromised our security guards with huge financial inducements. In December 2019, Nissan chief executive, Carlos Ghosn, escaped from a house arrest in Japan to his country, Lebanon, in what has been described as a most daring escape of the 21st century.
The escape of the Binance executive is the latest in the long string of security challenges that has plagued the country in recent months, the recent being the kidnap of over 140 school children in Kaduna and killings of 17 soldiers and six policemen in Delta State. Although President Tinubu has shown some courage in tackling insecurity, there are indications that there are powerful fifth columnists who are willing to sabotage his efforts. The persistent killings of peasant farmers in North Central region and the inability of the security forces to stop them smacks of collusion between some elements in the security forces and the terrorists. The upsurge in violence in the Niger Delta, especially the persistent massacres of soldiers and policemen is seen as an attempt to plunge the region into another orgy of violence in order to disrupt oil production. A prolonged cessation oil exports may lead to an unprecedented economic crisis and immense social upheavals.
In many jurisdictions, Binance is mired in legal controversies. In February, Binance Holdings Ltd agreed to pay $4.3 billion fine in a plea deal to settle criminal money laundering charges levelled by the US Department of Justice. Binance founder and CEO Changpeng Zhao, also known as CZ, pleaded guilty and agreed to resign. His criminal trial has been postponed to 30 April by a US court. The government must seek to bring Anjawarlla back to face the law and all those who are complicit in his escape should be punished.
Hardship: ‘Lives Have Become So Cheap’ – Peter Obi Laments Over Fresh Report Of Stampede In Bauchi
The presidential candidate of the Labour Party at the 2023 general election, Peter Obi, has lamented over the rising reports of stampede across the country.
Expressing concerns in a statement released via his official X account, the former Anambra governor, who was reacting to the latest report of a stampede that resulted in the death of four in Bauchi state, lamented that life had become cheap in the country.
Naija News reports that Obi suggested that the regular reports of stampedes and food struggles reflected the deep hunger and starvation the country was currently experiencing.
Obi said, “It is saddening how cheap life has become in this country today. It is now a daily occurrence to read reports of our fellow Nigerians who lose their lives while struggling for basic food to eat.
“Just 3 days ago, I lamented the disheartening occurrence involving some of our children at Nasarawa State University who lost their lives in a stampede while hustling for government-provided food.
“Yesterday, another four people have also reportedly lost their lives in a stampede during an almsgiving zakat exercise for the poor in Bauchi State. These regular occurrences of stampede and struggle for food only reflect the depth of hunger and starvation in the country.
“It also shows the level of desperation among our people. With food prices soaring higher every day and our nation continuing to wallow in unproductivity, our people now live their lives not knowing where the next meal will come from.
“What is more concerning is the report of UNICEF projecting that over 30 million Nigerians will face acute hunger during the lean months, between June and August.
“We now have a situation where our people are losing their lives to hunger before the projected timeline. The physical hunt and struggle for scarce food has become a life threatening adventure in itself.
“We have never had it this bad in the nation as we do now, and unless very urgent actions are taken, the situation may get worse. I sincerely appeal to the government to release every resource, human and material, needed to end insecurity in the country,
so that farmers can return to the farms, and with the government’s support, ensure that our vast arable lands in the North are fully explored to feed Nigerians and export to the rest of the world.”
[NaijaNews]
Top 10 banks with highest prime lending rates for manufacturing firms in Nigeria
The Central Bank of Nigeria (CBN) increased the monetary policy rate (MPR) by 400 basis points, elevating it to a historic high of 22.75% to combat inflation and foster economic stability.
This pivotal adjustment signifies a major shift from the previous rate of 18.75%, which had been in effect since the Monetary Policy Committee’s (MPC) meeting on July 24th and 25th, 2023.
The recent announcement, made by CBN Governor Yemi Cardoso, highlights the central bank’s proactive approach towards monetary tightening amidst challenging economic conditions.
This unprecedented move has not only set the MPR at its highest level to date but also reflects the CBN’s determined effort to address the persistent economic pressures.
The decision has garnered praise from the International Monetary Fund (IMF), which commended the MPC’s resolve to tighten monetary policy further by increasing the policy rate to 22.75%.
Such a strategic manoeuvre aims to curb the inflation surge, which recorded a year-on-year peak of 31.70% in February 2024, and to mitigate the depreciative pressures on the naira.
Since May 2022, this has accumulated to a total policy tightening of 1,025 basis points, showcasing the CBN’s commitment to restoring macroeconomic equilibrium.
However, the steep increase in the policy rate has sparked concerns regarding the potential impact on the cost of credit for businesses already facing economic hardships.
Each bank offers different lending rates that reflect their respective approaches to lending to the manufacturing industry.
The prime rate indicates the best possible rate offered to the most creditworthy customers, while the maximum rate suggests the upper limit of interest rates for loans to the sector, which might apply to higher-risk scenarios or different loan structures.
Here are the top 10 banks with the highest prime lending rates for manufacturing firms in Nigeria, according to the CBN as of March 8, 2024:
10. Titan Trust Bank
With a prime rate of 23.00%, this bank offers competitive lending options for the manufacturing sector. Its maximum rate stands at 30.50%, indicating a range of loan products that could cater to different types of manufacturing businesses.
9. Optimus Bank
Offering a prime rate of 23.75%, Optimus Bank positions itself as a strong contender for manufacturing firms looking for loans. The maximum rate here is 35.00%.
8. Fidelity Bank
With a prime lending rate of 24.00%, Fidelity Bank is another bank that serves the manufacturing industry with tailored financial solutions. Its maximum rate is comparatively lower at 26.00%, potentially indicating a narrower range of loan products or more consistent loan terms.
7. Providus Bank
At a prime rate of 25.00%, Providus Bank extends credit to the manufacturing sector, likely with various loan options, as suggested by its maximum rate of 30.00%. This could mean a variety of terms and conditions to meet the different financial needs of manufacturing businesses.
6. Unity Bank
Unity Bank’s prime rate for manufacturers is 26.00%, with a maximum lending rate of 33.00%. This spread allows for flexibility in financing, offering a range of possibilities for manufacturers with varying credit needs.
5. Ecobank
With a prime rate of 26.75%, Ecobank offers one of the highest rates to the manufacturing sector. The maximum rate of 35.00% indicates that the bank has a broad spectrum of loan products, which could cater to a wide array of manufacturing ventures.
4. Heritage Bank
Offering a prime rate of 27.00%, Heritage Bank stands as one of the highest lending options for the manufacturing industry. Its maximum rate of 35.00% showcases its readiness to accommodate various manufacturing operations with diverse financial requirements.
3. United Bank for Africa (UBA)
United Bank for Africa presents a prime rate of 28.50%, making it the third most expensive lending option for the manufacturing sector. The bank’s maximum rate is 32.00%, signifying a range of loan options available to manufacturers.
2. Wema Bank
With a prime rate of 30.50%, Wema Bank is among the most expensive lenders for manufacturing firms in Nigeria. The bank’s maximum rate is at 31.50%, which likely suggests a lesser appetite for loans to manufacturers.
1. Keystone Bank Ltd
Keystone Bank Ltd leads with the highest prime rate of 31.00%, making it the most expensive in lending to the manufacturing sector. The maximum rate of 36.00% is also the highest on this list.
Recommended reading: CBN’s 22.75% interest rate hike sparks fears of increased non-performing loans- Experts
[Nairametrics]
[OPINION] Delulu is the only Solulu - Toyin Falola
To make your dreams come Trululu.
Delulu is thinking that you will wake up one morning, set out as usual to go about your business and you will, by luck, meet the popular Instagram philanthropist, Asherkine. Then he asked you what you wanted, and you told him 50 million naira, and he credited your account immediately.
Boom!
E don better for you. Delulu is having fee-fee imaginations such as you find in a Ghana-Must-Go bag filled with dollars. Boom! Your fortune turns around. From a poor person, Dangote begins to pick up your calls.
Delulu is when you are single to a stupor, yet stay indoors every day with zero social life and communication skills and hope that your life partner will miraculously appear in the form of Angel Michael to propose to you in your room. Delusional single!
Delulu is thinking that by recording a dance video to an artist’s song, as Moses Bliss’s wife did, it will also earn you your conjugal bliss. It is thinking that by joining Bro. Theo to chant and sing “No Glory in this World,” you will bag your own full package American babe. Boom!
Delulu is hoping that you will one day find out that your father is not your biological father and you are Femi Otedola’s son. Or that your father, Falola Idan, has babanla bastard money and has only been pretending to be poor so that he can teach you humility. Or that you are a trust fund kid and will only be able to access the billion dollars your parents have kept for you when you are 42. Baba Falola, die now so that I can collect my inheritances at First Bank. Boom boom!
Delulu is thinking that you will sleep, wake up and miraculously have all the things you have ever wanted at the snap of a finger without you working for it. Delulu is wishing you were a genie or had superpowers to make your dreams come true at the wave of a magical wand.
Abracadabra!
Yes, all of these can happen to you, as has happened to some people, but what are the chances? It is like tossing a coin; the probability that it will fall on a particular side is very slim.
Delulu is living in a world of fantasy, thinking and imagining things that may or may never happen. Delulu is you having vivid imaginations. Delulu is the Gen-Z term for “delusional,” Solulu means “solution,” while the ajasa, trululu means “true”. Delulu is the Solulu;therefore, it means that being delusional and living in the world of your imagination is a way to create the life of your dreams and escape the harsh reality of the present world.
The slang, Delulu is the Solulu, went viral following a TikTok video by Moses Wong, in which he said, “In this generation, being delusional is one of the key factors to being happy.” While the slogan might be a Gen-Z term for thinking and staying positive, the idea is nothing new. Universally, the law of assumption states that by believing the things you want already exist in your life, you will manifest them into reality. This positive thinking tactic is a strategy for creating the life of your dreams; if you want something desperately and you believe you will have it, the forces of the universe will attract them to you. Why do you think millions flood the religious camps every month?
Delulu is choosing to think positively and be optimistic even in the face of a harsh reality. Nigerians are a perfect example of delulus. Nigerians catch cruises with everything; we use everything about our situation or the situation of the country to crack jokes. Once we lament about it and it seems like the echoes of our voices are not heard, not to talk of our voices themselves, because we cannot kill ourselves or start dying from depression, we resort to laughing and cruising about our predicament, even when we know that nothing about it is funny. Our sense of humour seems to be what gets us through the tough times. We have probably made peace with the opinion that delulu is the solulu to make the Nigerian dream come trululu. The great Nigeria we dream of is in our minds. A Nigeria free of corruption, insecurity, economic struggles, leadership crisis, and other national problems is only real in our minds, and this assures us that Nigeria will be great again. We may not know how or when, but this is our delulu as a nation. This delulu is easy to imagine but difficult to experience.
Delulu is all about living life even when all odds are set against you, when the walls around your life are crumbling, and your whole life seems to be on fire. Delulu believes that even though you walk “through the valley of the shadow of death”, you fear no evil. It is passing through fire and not burning, walking through water and not drowning.
Delulu is when you manage to soak garri with groundnut due to sapa in Tinubu’s economy, but you make yourself believe you are eating “groceries and floating berries.” Delulu is when you are the owner of the largest conglomerate in the world and No. 1 on the Forbes list, but in reality, you keep making excuses to start up just one business. You are delulu when you start calling yourself a CEO because you just started a popcorn and groundnut business in front of your house. In your delulu, you are the big man who runs the town with big money, spending like sweat, wealthy enough to afford anything. But in reality, you avoid whatever you cannot afford.
Being Delulu is having unrealistic fantasies and beliefs. The way children are tricked into believing in themselves as they grow up is by making them delusional. With the advent of comic cartoons, such as Power Rangers, Barbie, Cinderella, Frozen and the like, children begin to see themselves as these characters to the extent of behaving like these characters until they grow up to realize that those characters were never real and their delulu can never be trululu, except they choose to collect witch so they can fly at midnight.
As funny and harmless as it may sound, delulu can be negative. You may be having delulu about how to japa from the country, while someone somewhere is having delulu about bombing up a town so he can be rewarded with ten virgins in paradise. There may be someone out there who considers his or her delusion fun enough to enter into a school, shooting and killing innocent schoolchildren just because his mind is powerful enough to conjure up such thoughts and imaginations.
Delulu, in and of itself, is not bad, but it becomes a problem when you dwell in it for so long that it begins to blur out reality or makes you want to slack or become an idiot. There is a way imagination or living in your mind too much can affect your life and mentality such that irrespective of facts and reality staring you in the face, you adamantly choose to believe the falsity your mind is wrapped in. Delulu may stem from other people, the things you read, watch or listen to. Try Twitter for a month and see. You are welcome! The things you expose yourself to gradually begin to have a hold on your mind, so strong that even if the origin of the delulu later comes to say they were wrong, you are already a goner because nothing can change your deluded mind. Like that, psycho is entering small small.
Having fee-fee imaginations can be a good way to escape reality for a while and create the life of your dreams; delulu can help you go on a trip to the Bahamas without leaving your bed in Ajegunle, but if you live in that delulu longer than you should, your life may never become as good as you have imagined. Let your delulu instead ginger you to work harder so that all your nice dreams will not just be in your head. Rather than keep hoping that you are Elon Musk’s secret child who will inherit all his money, strive to be an Elon Musk for your children and generations yet unborn. Your parents may not have given you a trust fund, but they work hard and smartly to make your children trust fund babies.
Remember, if you can dream or imagine it, you can be it. But delulu without action or hard work is not the solulu to make your dreams come trululu. Of all the people who think that Toyin Falola uses juju to write over 200 books, their delulu has taken them to the mountains and valleys to write their own books, but they are still praying for solulu without trululu. When next you sleep, and you dream of living in a mansion by the ocean, abeg, never wake up! Or should I have said I pray that you will never wake up so that you don’t face your dululu? Or should I ask God to let you continue to sleep forever as your solulu?
Trululu