Business
AMBODE SWEARS-IN THREE NEW HIGH COURT JUDGES, PERM SEC
…As State Moves To Increase Judges From 59 To 120
Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday swore-in three new Judges of the State High Court, with a charge on them to be fearless in the discharge of their duties and to always allow professional ethics to govern their acts and utterances within and outside the court.
The new judges are Justice Sururat Soladoye; Justice Olukayode Ogunjobi and Justice Yetunde Pinheiro.
Speaking at the Banquet Hall, Lagos House in Ikeja while performing the ceremony, Governor Ambode said their appointment was a testament of the consistently high standards and professionalism having scaled all the hurdles set by the appointing bodies and declared as fit to be on the revered higher bench of the Lagos State Judiciary.
He said their appointment had followed due process including a rigorous selection and screening exercise consequent upon the advice of the Lagos State Judicial Service Commission and recommendation by the National Judicial Council, urging them, therefore, to justify the confidence reposed in them by offering nothing short of justice without fear or favour.
“I would like to admonish our newly sworn-in judges to be fearless in the discharge of their duties and to always allow professional ethics to govern their acts and utterances within and outside the court.
“This will be the expectation of not only your colleagues, but of every Lagosian whose expectations are that you must determine and dispatch justice with independence and impartiality. The citizenry will also expect you to dispense justice without fear, favour, affection or ill will, as your oath guides you to do.
“The oath you have just taken is neither an empty ritual nor a matter of mere formal procedure. It is an open demonstration of commitment in the form of the making of a solemn and formal promise, the dereliction of which the oath taker will be held accountable; not only to the judiciary, and to our beloved State and country Nigeria but also to your creator,” Governor Ambode said.
Alluding to the fact that the Judiciary remains the last hope of the common man, Governor Ambode said his administration fully recognises the critical role the High Court plays in achieving its objectives, hence the recent innovations to enhance quick and effective dispensation of justice through the courts.
The Governor said that a bill had also been sent to the State House of Assembly, seeking to amend the High Court Law to fix the number of Judges in the State High Courts to 120 from the present number of 59, saying that it would go a long way to address the challenges of the ever growing population and the attendant increase in commercial transaction and disputes.
“In order to address the challenges of a growing population and the attendant increase in commercial transaction and disputes, we have sent a bill to the State House of Assembly seeking to amend the High Court Law to fix the number of Judges in the State High Courts at 120 from the present 59. We expect this to be favourably considered and passed soon.
“These are some of the new innovations that are further aimed to position the State Judiciary to meet the challenges of dispensing justice quickly and speedily as justice delayed is justice denied.
“Our State Judiciary has made advances in its progression to a modern and effective arm of government. In order to facilitate speedy dispensation of justice, we have been consistent in creating innovative ways of responding to the challenges of our days. We recently created the first-ever Special and Sexual Offences courts and the first-ever Small Claims Courts in Nigeria,” he said.
Governor Ambode also commended the Chief Judge of the State, Justice Opeyemi Oke for her inspirational leadership and commitment to fighting indolence in the judiciary since the period she assumed office, assuring that his administration would continue to support the Judiciary to deliver quality service to Lagosians.
In her remarks, Justice Oke while congratulating the new Judges on attaining the pinnacle of their career, noted that their appointment had come at a time where there was a lot of work to be done, urging them to brace up to face the task head on.
She said the new judges were screened and selected by external bodies in accordance with the constitutional provisions and recommendation by the National Judicial Council without any undue interference from any quarters.
“As a matter of fact some of my colleagues were asking if the Governor didn’t have a candidate, I said no, that he didn’t even call me for a second over this. We are proud of you sir,” she said.
She also thanked the Governor for his unflinching support and passion to see the smooth operation of the Judiciary, noting that under his administration the Judiciary has thrived and has continued to remain at the top across the country.
On his part, the Attorney General of the State, Mr. Adeniji Kazeem while introducing the new Judges, expressed confidence that their appointment would contribute to the speedy access to justice which, according to him, is one of the cardinal points of the Governor Akinwunmi Ambode led administration.
“They have been appointed based on merit and personal competence. They also possess the personality and qualities required of judges. I am certain that this will further enhance the commitment of this administration to the socio economic well-being of Lagosians,” Kazeem said.
Responding on behalf of her colleagues, Justice Sururat Soladoye pledged loyalty to service to the State, assuring that they would remain incorruptible and sustain the excellence the Lagos State Judiciary is known for.
Earlier, Governor Ambode also swore-in Mrs. Folasade Fasehun as the new Permanent Secretary in the Ministry of Waterfront Development, charging her to see her appointment as a call to serve in a higher capacity and eschew partisanship and focus on the promotion of the virtues of integrity, probity and professionalism in the Public Service.
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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