Business
VFD Donates Administrative block, Education materials to Anambra schools
VFD Group has recognized education as one of the building blocks of any nation as it renovated administrative block and provided some educational materials for Uga Boys Secondary School, and Dennis Memorial Grammar School, Anambra state, respectively.
The financial institution, which donated the educational aids to mark its 10th anniversary on November 13th and 14th, used the initiative to emphasised that education is a priority area in its CSR activities. Its aim is to nurture young minds and educate them, so that they contribute to the nation’s development.
Realising the importance and relevance of education, VFD renovated an administrative block with tables, chairs and donated other educational materials to Uga Boys to benefit the community by boosting literacy levels in the state.
Group Managing Director, VFD Group Plc, Nonso Okpala, explained that when he visited the school and found that the facilities are not suitable and conducive for learning, he decided to convince the management of the institution that the project, if approved, could enable the students to compete favourably with their counterparts in the state.
He said, “We pen down the project idea and I went to convince my colleagues on how important it is for us to contribute to the uplift of the school. The difference between an advanced society and an unadvanced is education.
“If Uga is to do well, we must make education a cardinal point of our programme. I understand that there are huge challenges the student face in their daily lives, it should not hold them back in progressing. If Prof Charles Soludo graduated from this school and succeed, I believe nothing can hold anyone back from attaining great heights in life.
“I know that the school may still lack certain things but I also urge the students not to be held back by the challenges they face, believe in yourself and study like there is no other way to success. VFD contributes to a number of initiatives, funding and building schools. All these initiatives have been undertaken to benefit communities by helping increase the literacy levels.”
Principal, Uga Boys Secondary School, lauded the efforts of VFD to transform the school that has produced several successful Nigerians.
The elated principal said, “VFD is a great company. It has done a great thing for us, deeming it fit to give back to a school that had fed great Nigerians. The company has fulfilled the dreams of JF Kennedy when he encouraged us to ask what we can do for our country and not what the country can do for us.
“The era when our student tried to avoid dripping water falling from the roof of the hall while writing examinations has gone with this development. We assure VFD that the infrastructure development will help towards improving teaching and learning in the school.”
He added that the school still need the intervention of all stakeholders on perimeter fencing to check influx of trespassers including human and animal; renovation of its science laboratory, security personal, ICT complex, renovation of the principal house and provision of library shelves and current books among others.
While presenting some educational materials to the school authority of Dennis Memorial Grammar School, Managing Director, VFD Microfinance Bank, Azubike Emodi, said, “I am excited to make a little donations to the school like Education materials and we hope that it makes a lot of impact in the lives of the students. We will be back and do a lot more.”
While at DMGS, Nonso Okpala in his personal capacity made a promise to sponsor the University education of the best student in the upcoming Senior WAEC Examination, leaving the principal, teachers and administrative staff members delighted.
Commissioner for Basic Education, Anambra state, Prof. Kate Omenugha, also urged other institutions to emulate VFD to lift the faces of schools in the state and across Nigeria.
She said, “When I was coming here, I didn’t know what to expect. I salute VFD as the new examination hall dazed me, with amazing flat tables. It is beyond our expectations. The borehole and toilet facilities are amazing.
“With this development, the students would be able to know what it takes to learn in a serene environment and we must thank the VFD family for the lovely gesture.”
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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