The benchmark interest rate is 5.25% in India and 3.00% in China.
The Central Bank of Nigeria lowered its benchmark interest rate (the Monetary Policy Rate or MPR) to 23.0% in September 2026, down from 26.5%.
This is exactly why Indians and Chinese are taking over the manufacturing industry in Nigeria..
How do you expect a manufacturing company in Nigeria to compete with the Indians and Chinese??
Our issue is failing to recognize that the country is poor.
Asset managers hold details on anyone with N100 million or more. The wealth you imagine is less extensive than you suppose. Once assets exceed N100 million, SEC, EFCC and asset managers know who you are.
Thank God a non-Muslim is saying it. Sometimes, if you calm down and remove hatred you will see that when Islam forbade Riba (interest), it gave a clear way out.
Let me help you guys break down these concepts briefly so you see the potential she is talking about.
1) Mudarabah is a partnership where one person brings the money and the other brings the expertise. They share the profit. If the business fails, the investor loses the capital and the worker loses their time. The risk is balanced.
2) Musharaka is a joint venture. Both parties bring money to the table. They share the profits and the losses based on what they contributed. Nobody is choking the other with fixed interest regardless of how the business performs.
3) Ijarah is basically leasing. Instead of giving you a cash loan to buy a machine or a car and charging you interest on the money, the bank buys the asset and leases it to you for a fixed fee. You are paying for the use of a real asset.
4) Istisna is used for construction and manufacturing. You fund a project before it is built, and payments are made in stages as the work progresses. It keeps the real economy moving.
Seriously, we can do away with Riba. It only enriches the lender and destroys the borrower. Finance can be ethical, practical, and still work.
I spent 47 days as one of several thousand African migrants seeking to enter Europe through the Sahara Desert and the Mediterranean Sea.
Story on @fijnigeria tomorrow, Thursday and on Friday.
I've watched and rewatched this video hundred of times since yday. For me it's the way the hosts sat there attentively listening to him lecture them on how terrible things are and how @atiku's alternative is the solution. None of them interrupted him! That's impressive 🤝
Six years.
That is all it took.
Six years after leaving Istanbul, I returned to the neighbourhood where I once spent one of the most defining chapters of my life — Orhantepe Mahallesi, Kartal, Cevizli.
I still remember how alive this place used to be. Students everywhere. Familiar faces on every street. People I knew, people who knew me, the little places we used to eat, shop and spend our time. This was once a place where I felt completely at home.
But when I returned, everything felt different.
The streets were almost completely empty. The university had changed. The people I knew were gone. Even when I went to the university, I was stopped at the gate and told that I could not enter because I was now a visitor. I had to come back on Monday to receive a visitor’s card.
And somehow, that moment affected me more than I expected.
I stood there thinking: How can I be a visitor here?
This was once a place where I lived, studied, built friendships and made memories. There was a time when I could walk through those gates without anyone questioning who I was. Yet six years later, I was standing outside like a complete stranger.
Then something even more beautiful happened.
The friend who took me around the neighbourhood had arrived there only a few months before I left. Back then, he was the stranger. I was the one showing him around. I knew the streets, the shortcuts, the shops and the places he had never seen.
Six years later, the roles had completely reversed.
He was the one who knew the neighbourhood. He was the one showing me around. I was the stranger.
I don’t know if there is a better metaphor for the temporary nature of this dunya.
Allah says:
﴿وَمَا الْحَيَاةُ الدُّنْيَا إِلَّا مَتَاعُ الْغُرُورِ﴾
“And the life of this world is nothing but an enjoyment of delusion.”
— Qur’an 3:185
We spend so much of our lives building things as though we will remain here forever. Houses. Businesses. Cars. Money. Status. Recognition. We exhaust ourselves trying to become somebody in a world that eventually forgets every one of us.
And yet, all it takes is a few years away for a place that once felt like ours to become unfamiliar.
Imagine what happens after fifty years.
A hundred years.
After we are buried and generations that never knew us walk through the places where we once lived.
Someone else will sleep in our rooms. Someone else will drive our cars. Someone else will own the businesses we built. Someone else will walk through the streets where our footsteps once were.
And eventually, even our names will become unfamiliar to most people.
The neighbourhood will continue.
The streets will continue.
The world will continue.
Just without us.
That thought humbled me deeply.
Perhaps this is why Allah repeatedly reminds us not to become deceived by the dunya. We are not here to possess it permanently. We are only passing through it.
So what is actually worth spending our lives chasing?
Our relationship with Allah.
Our prayers.
Our character.
The people we treated well.
The kindness we left behind.
The good we did when nobody was watching.
The legacy of faith and goodness we leave in the hearts of people who knew us.
Everything else eventually becomes someone else’s.
I returned to Istanbul expecting nostalgia.
I left with a reminder.
Six years was enough to make me a stranger in a place where I once felt completely at home.
One day, this entire dunya will be the same.
We will leave it behind, and life will continue without us.
May Allah make us among those who understand this before it is too late, and may He give us the wisdom to invest in what remains when everything else is gone.
فَفِرُّوا إِلَى اللَّهِ
“So flee to Allah.”
— Qur’an 51:50
Cc @Supheey@emran_dodo@Nigeria_First_
Let me make something clear. All these cultural myths surrounding the birth of a girl child do not exist in Islam. There is nothing a male is entitled to concerning lineage that a female is not.
The assumption that Dangote’s daughters have to do something unusual to keep his name shows a deep misunderstanding of basic Islamic principles. Any serious Muslim knows that changing a woman's surname to her husband's name after marriage is strictly prohibited.
Islam preserves a woman's independent lineage. She keeps her father's name from birth until death. The practice of a wife erasing her family name to take her husband's name is a Western cultural import with zero basis in the religion.
His daughters do not need a special arrangement or a hyphenated name to keep his legacy alive. It is their divine right to be called by their father's name forever. Cultural ignorance should not be used to measure Islamic standards.
Apart from DG NAFDAC's highly inappropriate laughter, it is instructive that the successes she mentioned were financial achievements, the agency's maturity level, and membership in select bodies.
Of course, these are important, but when assessing an agency’s performance, we must always return to the mandate. Even the NAFDAC name emphasises that the agency’s main purpose is food and drugs administration and control. That is what we must judge NAFDAC by, in addition to the functions set out for it by law in Section 5 of its establishment Act, none of which are financial, by the way.
So the real test of success should be: What is the prevalence level of fake and substandard medicines, food, drinks and cosmetics in Nigeria?
Dora Akunyili brought down the prevalence of fake drugs from 41% to 10%. I believe that Paul Orhii further brought it down to 8%.
Today, the Association of Community Pharmacists of Nigeria and the Pharmaceutical Society of Nigeria say that independent research shows that 50% of drugs in circulation are fake, falsified or substandard! NAFDAC disputes this and says it is only 15%, presumably based on its own sampling. But even if we were to go with NAFDAC’s figures, it is clear that we have regressed as a country.
The focus of an agency must always squarely be on its core mandate. Yes, financial performance, organisational maturity and membership of select groups are important but they pale into insignificance if the core mandate is not being delivered.
You can have a very well-run organisation with shiny financial and organisational statistics but that is not fulfilling its mandate. On the other hand, you could have an agency that is delivering its mandate and saving lives but is managed in a disorganised fashion. If the public were forced to choose only one out of the two agencies, the choice would be clear.
My honest opinion is that NAFDAC has been overwhelmed and needs help. NAFDAC should retain the setting of standards to ensure uniformity but the Constitution should be amended to enable state governments to enforce those standards jointly with NAFDAC.
Of course, it is only drugs and poisons that are on the Exclusive Legislative List. A state government can control food and drinks in its domain and the bigger killers now appear to be adulterated foods and drinks, even more than fake drugs. State governments should do more to protect the lives of their people.
I am Ezemmuo. I know things.
@AbubakarBala2 You are looking at it from the wrong view point, both Musa trader and Musa LTD is haram for them to deal with interest the question is what degree of haram deal can abu ignore and invest in
@AbubakarBala2 You are looking at it from the wrong view point, both Musa trader and Musa LTD is haram for them to deal with interest the question is what degree of haram deal can abu ignore and invest in
Sometimes I stop and think how number we have become to the fact that the most powerful man in the world holds rallies and some of the dumbest people on earth turn up to blindly cheer him on.
Just Idiocracy on steroids.
Yes, hold your governor to account but don’t forget that the Federal Government still consumes 52% of our resources. 36 state governors only share 28% and 774 LGAs only share 20%. Even if states were to control all LGA funds, that would still be 48% divided among 36 governors while the Federal Government alone consumes 52%.
That’s why the Federal Government can afford to triple the number of agencies it has since the Oronsaye Report from 541 in 2012 to more than 1600 in 2016. That is why the Federal Government can even afford to have fake agencies.
Feminism as Hatred of Men
If you look at feminism through the prism of one angry woman, who is probably just transferring the aggression of bitter encounters with the men in her world, you are going to grow resentful of the ideology. Even Chimamanda Adichie, who published a booklet titled We Should All Be Feminists, in which she argued for a world where women are afforded equal dignity and opportunity, and where both boys and girls are freed from restrictive gender expectations, has had to clarify her understanding of feminism. In a well-publicised panel discussion, she said, “I often say to young Nigerian feminists, please do not use feminism to justify your wickedness.” She observed that some of these young women were confusing feminism with nastiness.
A lot of us began as self-admitted feminists but had to take a step back when the movement became perverted in some quarters and turned into an avenue for demonising men without exception. Only a foolish man would support a movement that treats all men as complicit in the oppression of women and promotes hatred of men as some form of enlightenment. The paradox is that you cannot dismantle the patriarchal values and institutions that oppress women without forming alliances with men, because an eye-for-an-eye war between men and women is ultimately an asymmetrical one and, more importantly, a self-defeating one.
In the North, we have had generations of women’s rights advocates such as Hajiya Saudatu Mahdi, who pushed for reforms with grace, wisdom and persistence. None of these podcasting characters can match what such women have achieved in securing the representation of women at the table of opportunities. Their work has helped make it possible that, if you walk into classrooms across the North today, you may be surprised to find more women than men in some of them. They achieved this without any delusional warfare aimed at erasing the man or treating him as the natural enemy of the woman.
To reduce feminism to a debate about who gets to cook at home, when domestic arrangements have historically emerged from economic divisions of labour, family structures, culture and circumstance, is a farce long overdue for retirement. What a woman needs is her dignity and the right to live and make choices that suit her. While those choices include the choice not to cook, they also include the choice of the woman who cooks because her husband provides everything for her, the choice of the woman who prefers to stay at home, and the choice of the woman who wears a hijab. If feminism is truly about agency, then it cannot recognise a woman’s freedom only when she makes choices that conform to somebody else’s idea of liberation.
There is no world in which an advocacy built on promoting hatred of men without any exception is a mark of wisdom, but that is tragically the oil that drives much of the nastiness that qualifies as feminism these days.
As an architect and graduate of one of the top schools of architecture & building engineering in Britain I agree with my colleague Richard Gage & team that the smaller top section of the Twin Towers can't possibly demolish the entire tower below under any circumstances, unless explosives are unsed on the floors below.