Day: March 16, 2020

CBN slashes special interest rate to 5%, directs banks to restructure loan terms

Emporium Reporters

The Central Bank of Nigeria (CBN) has disclosed that the interest rates on all applicable apex bank’s intervention facilities have been reduced from 9% to 5% per annum for 1 year effective March 1, 2020. This was disclosed by the CBN Governor Godwin Emefiele during a press briefing on Monday. The apex regulator at the event presented some policy measures to help reduce the effect of COVID-19 popularly referred to as coronavirus on businesses and families as the effect of virus poses a serious challenge on the global economy. What it means: Interest rates on all…

Ganduje is a monster, but Sanusi not a victim, by Farooq A. Kperogi

Emporium Reporters

Governor Abdullahi “Gandollar” Ganduje is no doubt a contemptibly philistine monster of avarice and debauchery who dethroned Sanusi Lamido Sanusi as Emir of Kano because he couldn’t stomach the former emir’s disapproval of the electoral fraud that brought him to power. There is also no doubt that Sanusi’s unrelenting public censures of the rotten, if time-honoured, cultural quiddities of the Muslim North discomfited many people who are invested in the status quo, and this became one of the convenient bases for his ouster. But Sanusi isn’t nearly the victim he…

MURIC faults Yoruba Group on Sanusi

Emporium Reporters

An Islamic human rights organization, the Muslim Rights Concern (MURIC), has faulted the stand of Yoruba socio-cultural group, the Apapo Oodua Koya (AOKOYA)on the deposed Emir of Kano,Sanusi Lamidi Sanusi. MURIC described AOKOYA’s position as mean, callous and inhuman. The Muslim group made this known in a statement circulated on Monday, 16th March, 2020 by its director, Professor Ishaq Akintola. AOKOYA on Sunday 15th March, 2020, asked deposed Emir of Kano, Sanusi Lamido Sanusi, who arrived Lagos on Saturday, to return to the North Sanusi was deposed on Monday, 9th March, 2020 by…