Business
All you need to Know about E-Money’s newly acquired N40Million 2017 model Lexus LX 570
E-Money, who is regarded as Nigeria’s youngest billionaire has made a great record once again, stepping up his position in the world of the most wealthiest people.
The Young man, who is married, with kids just bought himself a brand new 2017 model Lexus LX 570 jeep at a price that has got everyone talking. The car is worth $90,000 and in Naria, its approximately N39 Million naira. This has raised eyebrows in town as people were shocked about the development, even in the era of recession.
The young billionaire is also the owner of Nigeria’s leading record label, Five Star records which houses K-Cee, who happens to be his Elder brother, Harrysong, Skiibi, Soso, who is the manager and many more.
Over the years, researches has been made about the source of his wealth, as young as he is, it’s rare to acquire things even the richest man might possibly not be able to afford. It was discovered that he is into Oil business, shipping industry, and many other business, which has paid off for him.
DETAILS OF THE N40MILLION NAIRA VEHICLE
2017 Lexus LX 570 – Redesign Exterior and Interior
Lexus is pretty sure that its upcoming Lexus LX 570 SUV generations will capture attention of public once it stands in markets. Actually, its look and overall design both are charming, cute and splendid in expression. With more entertaining options and functions, this vehicle will rule over international markets, because it has 19 speakers for rejoicing. Seats are completely comfortable with airbags to protect travelers. Nice environment and totally friendly to passengers.
An exhaust pipe at the backside of Lexus LX 570 makes interior airy and helpful to control climate. There is also an automated climate control system that develops performance of vehicle in hot and freezing days; weather resistant SUV generation. This power train is for 7 travelers with GPS system in various languages, front knee and general airbags for safety, antilock braking system, pre-collision warning system, traction control, heated steering wheel at left end, 19 speakers audio system, Bluetooth, USB connectivity, small LCD’s at rear of front seats, intuitive parking help, satellite radio, wide cargo space, adaptive headlights, glowing indicators and intensive LED light bulbs in the traveling cabin.
2017 Lexus LX 570 – Engine and Fuel Economy
Lexus has used hybrid combination of 5.7 liter V8 engine and electric motor. Engine of 2017 Lexus LX 570 is proficient to produce 385 horsepower and 405 lb-ft torque. Engine unit of LX 570 is supported with ECT 6-speed automated transmission with more efficiency and improved working.
According to engine capacity and horsepower, this has been concluded that Lexus LX 570 will give 12 mpg in city regions and 17 mpg on highways. It will have 140 mph or 225 km/h speed on roads and it will seem like an air jet running on highways.
2017 Lexus LX 570 – Safety & Competition
Safety is a key factor to be considered by auto makers when making some luxury cars. Now, Lexus LX 570 brings airbags for all passengers with stronger seat belts. Pre-collision system, fire alarming devices, GPS tracker, antilock brakes and emergency braking system are major safety measures for travelers. Lincoln Navigator, Cadillac Escalade, BMW X6 and Audi Q7 are big competitors of LX 570 2017.
– Osho Oluwatosin
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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