Business
AMBODE ATTENDS EXPERIENCE CONCERT, COMMENDS CHURCH FOR DONATION TO SCHOOLS
…Tasks Leaders To Put Interest Of Nigerians First
Lagos State Governor, Mr. Akinwunmi Ambode on Friday evening graced the 2017 edition of The Experience Concert, held at the Tafawa Balewa Square, Lagos, just as he commended organisers of the Concert, House on the Rock for its donation of ICT infrastructure to 100 schools in the State.
Governor Ambode, in his goodwill message, commended the idea of the Experience Concert, saying that in the last 12 years, it had continued to attract people from all walks of life, different faiths and socio-political persuasions, thereby dismantling the barriers of political affiliation, ethnic origin and doctrinal differences through an unhindered expression of faith through music and engendering a legacy of love, peace and unity.
He also lauded the founder and Presiding Pastor of the House On The Rock, Pastor Paul Adefarasin for its various humanitarian interventions and corporate social responsibilities in the State, saying that it was a testament to his leadership qualities.
“You have shown leadership and a spirit of excellence which has seen House On The Rock engage in several nation-building activities across the country, particularly in Lagos State. Your contributions to interreligious dialogue, empowerment of the youth, social reformation and health care continue to positively impact the citizens of this state and on behalf of the people of Lagos State, we thank you,” the Governor said.
He particularly commended the initiative embarked upon by House On The Rock, which has seen the furnishing of 100 secondary schools across Lagos State with modern, fully equipped, air conditioned, functional Computer Laboratories.
Governor Ambode in his remarks said the State was firmly on track to becoming a globally-competitive, dynamic and sustainable megacity, however stressing that it would require the cooperation and contribution of all and sundry for the State to realise its full potentials.
He said concerted effort would be required to sustain the developmental strides the State has recorded in the last 50 years and ensure that the future of the State is secured.
The Governor said: “Young and old, male and female, student and teacher, employer and employee. We must all rise to the challenge understanding that collectively, we can make this happen! We must be the change agents who will deliver a deliberately developed Lagos State to be bequeathed to future generations.”
Stressing that the interests of Nigeria could not be determined along religious, political, ethnic or social lines, Governor Ambode said that leaders in the country must rise to their responsibilities, put the nation first and determine what is just and equitable for all Nigerians.
“Men and women, whose voices influence the belief and value systems of our populace must begin to speak sincerely to one another to find common ground to build a prosperous nation and state; one that denies no man, woman, boy or girl the right to a peaceful and productive life. We all have a part to play to achieve this,” the Governor said.
On his part, Pastor Adefarasin, while presenting the handover certificate for the ICT infrastructure donated to the Lagos State education system by the Church to Governor Ambode, said he (Governor) has produced new levels of development in the State, just as he expressed optimism of future partnerships with the State Government.
“It gives me great pleasure to present this certificate to the chaplain of nation building, the action Governor in Nigeria, one who we are very proud to call our own. We are hopeful that we would do more partnership with your government to help bridge the divide to give more kids the opportunity to excel and be part of nation building,” Adefarasin said.
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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