Business
Ambassador Ajadi Joins Prominent Figures at NIJ’s Launch of Kensington Adebutu Media Resource Centre
Ambassador Ajadi Joins Prominent Figures at NIJ’s Launch of Kensington Adebutu Media Resource Centre
The Nigerian Institute of Journalism (NIJ) held a grand ceremony on Wednesday, October 30, 2024, to commission the Sir (Dr.) Kensington Adebukunola Adebutu Media Resource Centre. The event, which attracted prominent figures from government, media, and academia, celebrated both the new facility and the lasting impact of philanthropist Dr. Kensington Adebukunola Adebutu.
Ogun State’s 2023 New Nigeria People’s Party (NNPP) governorship candidate, Ambassador Olufemi Ajadi Oguntoyinbo, was among the distinguished guests.
During an interview with journalists, Ambassador Ajadi praised Dr. Adebutu for his steadfast commitment to advancing Nigeria’s media landscape. He highlighted how the new resource centre at the NIJ would become a transformative space for aspiring journalists, promoting integrity, truthfulness, and professionalism.
Dr. Adebutu’s vision goes beyond simply constructing a building; he is investing in the future of journalism in Nigeria. This centre will provide young journalists with the resources they need to navigate today’s media challenges, especially in an era rife with misinformation,” Ambassador Ajadi noted.
Ambassador Ajadi further emphasized that Adebutu’s philanthropic initiatives have inspired leaders across various sectors to prioritize societal growth and unity. According to him, Adebutu’s contributions to education, media, and sports reflect a commitment to nurturing Nigeria’s youth and bridging generational gaps. “His legacy,” he said, “is not just a gift to the NIJ but a symbol of hope for all Nigerians striving for a more informed, unified nation.”
In his opening address, NIJ Governing Council Chairman, Chief Aremo Olusegun Osoba, outlined the dual purpose of the gathering. “Today, we are not only here to commission this magnificent media resource centre but to honor a true Nigerian patriot, Dr. Kensington Adebutu, whose generosity and dedication have significantly impacted our society,” Osoba stated.
Osoba highlighted the historical significance of Adebutu’s title, Odole Odua of the Yoruba Nation, noting, “He [Adebutu] told me, ‘This is the highest honor I could receive,’ and he saw any further titles as diminishing the sacred position of Odole Odua,” Osoba shared, pointing out that Adebutu’s decision reflected the esteemed tradition of this title, once held by the late Chief Obafemi Awolowo.
Reflecting on Adebutu’s contributions to journalism, Osoba added that the philanthropist was named a fellow of the NIJ for his “enduring love for the media and unwavering commitment to societal growth.” Notably, Adebutu is the first NIJ fellow recognized by the International Press Institute (IPI), a global organization promoting press freedom and quality journalism.
Osoba explained that Adebutu’s contributions to the institute extended beyond the building itself. “He didn’t just build this facility; he voluntarily contributed an additional N23 million to furnish it—without being asked. Such generosity speaks volumes,” Osoba affirmed, underscoring the unexpected yet welcomed support that enabled the project to be completed in just five months, despite challenges posed by the rainy season.
Lagos State’s Commissioner for Information and Strategy, Mr. Gbenga Omotosho, representing Governor Babajide Sanwo-Olu, commended Adebutu’s philanthropic spirit, which extends beyond media and education into sports. Omotosho recalled his recent visit to Teslim Balogun Stadium, where Adebutu had sponsored a table tennis championship. “While others gravitate toward soccer, Adebutu recognizes the potential in sports like table tennis, which brings young Nigerians together,” Omotosho noted, applauding Adebutu’s unique focus.
Omotosho also raised concerns about the state of journalism in the digital age, where misinformation easily spreads. “With smartphones, anyone can post unverified information, creating ‘breaking news’ out of rumors. Dr. Adebutu’s commitment to journalism aims to guide young journalists back to the fundamentals—integrity and truth,” Omotosho remarked.
Nigeria’s Minister of Finance, Mr. Wale Edun, highlighted Adebutu’s contributions to education infrastructure, describing him as “a true partner in national development.” Edun emphasized, “Education infrastructure is vital to a nation’s future, and Adebutu stands as a pillar, constantly supporting the government’s educational initiatives.”
In a heartfelt moment, Adebutu’s son, Honorable Oladipupo Adebutu, spoke on behalf of his father, expressing gratitude to the NIJ Governing Council for honoring his father’s passion for the media. “Journalism stands for truth, and truth is the cornerstone of democracy. My father’s commitment to this institute is a testament to his belief in that principle,” Oladipupo declared.
The NIJ Provost, Mr. Gbenga Adefaye, while delivering the vote of thanks, offered special recognition of Adebutu’s lasting contributions to the institution. “Dr. Adebutu’s legacy will inspire future journalists who will train here, grounded in the values of truth and integrity,” he said.
Among the notable media personalities at the event was Professor Ralph Afolabi Akinfeleye, Chair and former Head of the Department of Mass Communication at the University of Lagos, Nigeria. Professor Akinfeleye currently serves as the Chairman of the Centre of Excellence in Multimedia and Cinematography, as well as UNILAG Radio 103.1 FM and Television.
The event also highlighted NIJ’s academic team, including:
Dr. Adeboye Ola, Deputy Provost
Mrs. Patricia Kalesanwo, Registrar
Dr. Babajide Johnson, Director of Special Programs
Mr. Michael Osuji, Head of Mass Communications
Mrs. Maureen Popoola, Head of General Studies
Dr. Dele Omojuigbe, Chief Lecturer
Mrs. Esther Eke, Student Affairs Officer
Mrs. Josephine Okocha-Adigwe, Head of ICT
With the commissioning of the Sir Kensington Adebukunola Adebutu Media Resource Centre, the NIJ takes a significant step forward, now equipped with facilities that promise to empower the next generation of Nigerian journalists.
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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