Business
APC Congratulates Imo state Governor, Rochas Okorocha, hails N520 Million statue of Jacob Zuma
In what appeared a formal endorsement of the reported N520 million statue erected by the Imo state government in honour of South Africa’s President, Jacob Zuma, the ruling All Progressives Congress APC has hailed the state governor, Rochas Okorocha for bringing the South African leader to the country.
At a meeting of its National Working Committee NWC with its 24 state governors and principal officers of the National Assembly, APC National Chairman, Chief John Odigie-Oyegun said Okorocha’s efforts at attracting foreign investment to the country is highly commendable.
“Let me use this opportunity to congratulate you (Rochas) on your birthday…young man, where I was very powerfully represented and for your feat in bringing some of the significant figures from the African continent”, said Odigie-Oyegun in a brief introductory remark before the meeting dissolved into a closed session.
Welcoming participants to the meeting, Chief Odigie-Oyegun thanked God for safely bringing back President Muhammadu Buhari from his medical sojourn in London..
“I welcome you to the sixth of the series of our consultative meetings which has proved to be extremely useful not only in stabilizing the party but also contributing immensely towards handling various challenges that have appeared before us as a nation and as a people.
“The meeting got so productive that we decided at last meeting to bring in our National Assembly leaders to joins us in the deliberations which I have said earlier have been found to be very productive and useful indeed. I thank you for coming to this first meeting since the return of our dear President for his medical leave. On your behalf, I want to formally welcome him and thank the Almighty God for the wonderful healing that has been performed because since he came back there has been no question at all”, he stated.
Though the Senate President was represented by the Senate Leader, Ahmed Lawan, his counterpart in the House of Representatives, Speaker Yakubu Dogara, was also absent but reportedly represented “by a member from Rivers state”.
Out of its 24 governors, only seven as well as four deputy governors were present. Those at the meeting included the Govs. Nasir el-Rufai (Kaduna), Mohammed Abubakar (Bauchi), Atiku Bagudu (Kebbi), Simon Lalong (Plateau), Rochas Okorocha (Imo), Godwin Obaseki (Edo) and Abdullahi Jibrilla Bindo (Adamawa) who was attending the meeting for the first time. Deputy Governors of Ondo, Kano, Kogi and Nasarawa states were also in attendance.
Okorocha’s decision has continued to attract a wave of backlash from both Nigerians and South Africans who have described the statue as meaningless.
Unable to pay pensioners, some Nigerians had queried the governor’s decision especially as it also came few days after another Nigerian, Jelili Omoyele, a 35-year-old, was killed in South Africa, adding to a long list of Nigerians to have been killed in the former apartheid enclave.
The governor has however accused the opposition People’s Democratic Party PDP of sponsoring the attacks saying the party never attracted any meaningful personality to the state when it held sway.
“If it was in the days of PDP, Schools and Markets would have been shut down and roads closed because President Zuma was coming. But none of such thing was done because Rochas and his government have a human face. The PDP for the 12 years they held sway never attracted any meaningful visitor to the State except PDP NEC members who were coming to loot the State.
“And in case these “Galatians” do not know, if all we need to do to attract good things or investments to Imo is erecting statues, then, we have no option than to erect as many of such structures as possible. We owe no one apology”, the state government had 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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