Connect with us

Business

Air Peace Airline In Alleged Messy Image Scandal, Gets 48 Hrs Ultimatum!

Published

on

Air Peace

Air Peace Airline In Alleged Messy Image Scandal, Gets 48 hrs Ultimatum!

The thriving indigenous airline, Air Peace, is currently enmeshed in an image-shattering scandal, which has earned it a 48 hours ultimatum to tender a public unreserved apology.
A passenger of the Airline, A M Kotoye, in a letter addressed to the company’s Managing director titled: Complaint Of Delayed Flight and Maltreatment, complained about the hostile nature of the airline’s staffs as well as being subjected to inhuman condition after his flight schedule was changed without prior notice nor any apology tendered.
Air Peace Airline In Alleged Messy Image Scandal, Gets 48 hrs Ultimatum!
Amidst serious security concerns, Kotoye said the airline exposed him to great danger in the Federal Capital Territory Abuja where he was dropped after midnight with no way to continue his journey from the Abuja airport, in a trip that ought to have ended by 8.00 Pm.
Below is Kotoye’s letter unedited:
COMPLAINT OF DELAYED FLIGHT AND MALTREATMENT.
The Managing Director,
Air Peace.
Dear Sir,
My name is Adeyinka Moyosore kotoye. I purchased your return ticket, with booking reference: AP4L94 and E-ticket numbers 7102307422319/1 and 7102307422319/2, for Lagos/Abuja on Monday 12/07/2021, @ 7.20 pm and Abuja/Lagos on Tuesday 13/07/2021 @ 9.10 pm.
On Monday 12/07/2021, at about 1 pm, I received a mail from you that, the flight earlier scheduled for 7.20 pm, has been shifted to 8.50 pm.
Relying on this and in accordance with the Covid protocol, I arrived at the old domestic terminal at around 6.30 pm and checked in, only to notice on the boarding pass that, the flight with number P47126, was scheduled for boarding at 9.20 pm, instead of 8.50 pm earlier stated in your aforementioned mail.
At the waiting lounge, I also discovered that there had been, two earlier flights, which had been delayed and whose passengers had waited, for over three hours.
In any case, your airline kept me and other passengers waiting, at the airport, without any apology and/or explanations, for almost five (5) hours. There was no refreshment either and which is contrary to statutory stipulations. We didn’t board until 11.05 pm. We got to Abuja, at 12.10 am on Tuesday, 13/07/2021.
I had to sleep at the airport because it was too dangerous and risky for me, to proceed to my destination, at that time and at great risk to my health.
The above is in addition, to the fact that both the cabin crew and the pilot, were extremely rude and unprofessional.
I consider this situation, as untoward and a blemish, on your image, as a corporate entity and given the fact that I am on your frequent flyer scheme.
DEMAND.
1. A letter of apology, to be personally written, to all the passengers, on that flight and a copy to be published, in at least one [1] daily newspaper, within thirty (30) days of the receipt of this email.
2. Evidence of the email, mentioned above must be sent to me, by email within 48 hours.
3. The Letter must contain, an undertaking that no such future occurrence, will be occasioned again, at your instance/behest, either directly or through any of your staff.
Please be assured of my highest regards.
Yours faithfully,
A. M. Kotoye, FCTI.

Business

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Published

on

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.

 

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Continue Reading

Bank

Alpha Morgan to Host 19th Economic Review Webinar

Published

on

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.

Continue Reading

Business

GTBank Launches Quick Airtime Loan at 2.95%

Published

on

GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

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

Continue Reading

Cover Of The Week

Trending