Business
2019 Presidency race gets tougher as Former President, Obasanjo endorses Atiku Abubakar
Arising report indicates former Vice President, Atiku Abubakar, is sure to be the fourth time lucky, as he throws his hat into the ring to contest the forthcoming 2019 Presidential election.
Post-Nigeria reliably gathered that former President, Olusegun Obasanjo, has secretly endorsed Atiku, because of the failure of the President Muhammadu Buhari-led the government to bring the desired changed.
“Apparently aware of Atiku’s intimidating political structures across the nation, Obasanjo has likely endorsed him”, a source said.
Post-Nigeria’s investigation revealed that Atiku is reputed to have sauntered into the fourth republic, with the huge measured quantity of democratic credentials.
Atiku established himself as a Democrat immediately he left the public service, and became a political devotee of late Gen. Shehu Musa Yar’Adua, an acclaimed great political tactician that flounced the country like a hurricane.
His political history is legendary: a Politician, Businessman, and Philanthropist. He was born on November 25, 1946, and in the beginning of his national political career, served as the second elected Vice President, from 1999 to 2007, under the umbrella of the Peoples Democratic Party, PDP, with President Olusegun Obasanjo.
Atiku worked in the Nigeria Customs Service for 24 years, rising to become the Deputy Comptroller-General. He retired in 1989, and took up full-time business and politics.
He ran for the office of Governor in the Gongola State (now Adamawa and Taraba States) in 1991; and for the Presidency in 1993, coming third after MKO Abiola and Babagana Kingibe, in the disbanded Social Democratic Party, SDP, primaries.
In 1998, he contested and won the Governor of Adamawa State. And while still Governor-elect, he was picked by the PDP Presidential candidate, Olusegun Obasanjo, as his running mate. They went into the election and won in 1999.
As documented by Historians, Atiku’s second term as Vice President, was characterised by a squally relationship with Obasanjo.
His attempt to succeed Obasanjo did not receive the latter’s support, and it took the judgement of the Supreme Court to allow him to contest in 2007, after he was initially disqualified by the Independent National Electoral Commission, INEC, over an alleged financial misconduct by a “discredited” investigating panel, set up by Obasanjo.
The apex court later ordered the Electoral Commission to restore Atiku’s name onto the Presidential ballot, and he ran on the platform of the Action Congress, AC, having quit the PDP on account of his issues with Obasanjo.
Expectedly, he lost the election, coming third after the late Umaru Musa Yar’Adua, and Muhammadu Buhari of the then All Nigeria Peoples Party, ANPP.
As a “consummated” Businessman, Atiku is a co-Founder of Intels, an oil servicing business with wide ranging operations across the country and outside the country. He is also the founder of Adama Beverages Limited, and the American University of Nigeria, AUN, both in Yola, the Adamawa State capital.
Born to an itinerant Fulani Trader and Farmer, Garba Abubakar, the former Vice President was said to have started out in the real estate business during his early days as a Customs Officer.
History has it that in 1974, he applied for and received a N31,000 loan to build his first house in Yola, which he put up for rent. From proceeds of the rent, he was reported to have purchased another plot, and built a second house. He was said to have continued that way, building a considerable range of property in Yola.
Apparently very go-getting in investment, he was said to have later moved into agriculture, acquiring 2,500 hectares of land near Yola, to start a maize and cotton farm. The business fell on hard times and closed in 1986. “My first foray into agriculture in the 1980s, ended in failure”, he was quoted as saying.
Obasanjo finally endorse Atiku Abubakar for presidency 2019
Later venturing into trading, buying and selling truckloads of rice, flour and sugar, Atiku’s most important business move, was to have come while he was a Customs Officer at the Apapa Ports.
One Gabrielle Volpi, an Italian Businessman in Nigeria, was said to have invited him to set up the Nigeria Container Services, NICOTES, a logistics company operating within the Ports. Those who know him very well said that NICOTES provided immense wealth to Atiku.
Atiku’s first expedition into politics was in the early 1980s, when he worked behind the scenes on the Governorship campaign of Alhaji Bamanga Tukur, who at that time was Managing Director of the Nigeria Ports Authority.
He canvassed for votes on behalf of Tukur, and also donated to the campaign. Towards the end of his Customs career, he met late General Shehu Musa Yar’Adua, who had been second-in-command of the Military Government that ruled Nigeria between 1976 and 1979. Atiku was drawn by Yar’Adua into the political meetings that were now happening regularly in Yar’Adua’s Lagos home.
In 1989, Atiku was elected as National Vice Chairman of the Peoples Front of Nigeria, PFN, the political association led by Yar’Adua, to participate in the transition programme initiated by Babangida.
Atiku won a seat to represent his Constituency at the 1989 Constituent Assembly, set up to decide a new Constitution for Nigeria. The Peoples Front was eventually denied registration by the government (none of the groups that applied was registered), and found a place within the Social Democratic Party, one of the two parties decreed into existence by the regime.
Many of his followers have said time without number that a “tested hand” like Atiku, is surely needed to coordinate the proper integration of the youths into the economic mainstream.
“He is the highest individual employer of labour in Nigeria, and a believer in excellence. The truth that cannot be dismissed, is that among those jostling to convince Nigerians for their votes in 2019, only the Turaki has experience in job creation. This is the choice Nigerians must make in 2019, without sentiment and pandering to the propaganda of surrogates of past failures”, one of his followers said.
“The fragility of our mutual existence as a country cannot be over exaggerated. As a matter of fact, the erosion of our cultural, religious, and social commonalities, is an ever constant feature of the past two decades.
“There is need to undertake enormous reintegration of all divergent groups into a united country. Nobody can do it better than Atiku. He is a proven man of immense conviction and political muscles, to navigate us to the destination of unity.”
Business
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.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
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.
Business
GTBank Launches Quick Airtime Loan at 2.95%
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
-
celebrity radar - gossips6 months agoWhy Babangida’s Hilltop Home Became Nigeria’s Political “Mecca”
-
society6 months agoPower is a Loan, Not a Possession: The Sacred Duty of Planting People
-
society5 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news6 months agoTHE APPOINTMENT OF WASIU AYINDE BY THE FEDERAL GOVERNMENT AS AN AMBASSADOR SOUNDS EMBARRASSING




You must be logged in to post a comment Login