Business
APC LEADERS IN EJIGBO ENDORSE AMBODE FOR SECOND TERM
…Conduct Referendum Not Election In Lagos In 2019, Commissioner Tells FG
Leaders and members of the All Progressives Congress (APC) in Ejigbo constituency on Thursday endorsed Governor Akinwunmi Ambode of Lagos State for a second term in office.
The leaders cited the unprecedented infrastructural development, job creation policies and all-inclusive governance structure, among other laudable initiatives of the Governor as the reasons for the overwhelming decision to support him for re-election in 2019.
They spoke at the end of the year party of Itesiwaju Ipinle Eko Foundation, a political group within the APC, held at Ejigbo Playing Ground.
In his remarks, founder of the group and the State’s Commissioner for Home Affairs, Dr Abdulateef Abdulhakeem said the movement was about celebrating the leadership qualities of National Leader of APC, Asiwaju Bola Ahmed Tinubu and the sterling performance of Governor Ambode.
He said: “We have repeatedly said it. Today, we are celebrating Asiwaju Bola Ahmed Tinubu; today, we are celebrating the unprecedented infrastructural development by His Excellency Mr Akinwunmi Ambode.
“Today is meant for the endorsement of Governor Ambode for second term so that whoever is planning to come out to contest the gubernatorial election in 2019, Ejigbo constituents are saying it loud and clear that there is no vacancy in Alausa.”
While revealing that the group had the blessings of Tinubu, Abdulhakeem said it was obvious that the former Governor of the State was blessed by God with the qualities of identifying good leaders.
According to him, “Almighty God has chosen Asiwaju to identify leaders who can continue the legacies that he has left behind. He was able to identify Babatunde Raji Fashola and now to consolidate on the achievements in the State, God directed his mind towards a quintessential leader, Akinwunmi Ambode.”
He said with the commendable achievements of Governor Ambode, there was no need wasting resources to conduct election in the State in 2019, instead a referendum should be conducted for people to unanimously ask the Governor to continue in office.
He said: “We are all witnesses to what God has done through Akinwunmi Ambode and like I said yesterday in Isolo, instead of us wasting resources contesting elections, why don’t all political parties come together and agree that this particular Governor has not disappointed Lagosians; he has several projects that he intend to execute. Why don’t we save the nation the resources of conducting election in all the States by identifying some States where we have cutting-edge advantages.
“Any State where people can come together and say we all agree that this particular leader is a unique leader, the Federal Government should conduct a referendum as to whether at all it is necessary to conduct election.
“In Lagos State for instance, which political party has come out? Who has indicated any interest in contesting election with Ambode? So, why must we waste resources? Why must we allow violence, thuggery and all sort of things associated with election? Why can’t Lagosians speak with one voice and say let Ambode continue,” the Commissioner queried.
He said the advantage in doing such is that the Governor would know that the social contract with the people had been redoubled, and such would spur him to perform beyond ordinary level of excellence.
Also speaking, a member of the Lagos House of Assembly represented Oshodi/Isolo Constituency II, Hon Jude Idimogu said the achievements of the Governor in all sectors and sections of the State were evident for all to see.
He said the people of the area were united and committed to the second term of Governor Ambode to continue his good works in the State.
Notable members of the party at the event included Chairman of Isolo Local Council Development Area (LCDA), Hon Shamshudeen Olaleye; Chairman of Onigbongbo LCDA, Hon Tunde Oke; Vice Chairman, Isolo LCDA, Mr Bayo Olasodu; Chairman, Itesiwaju Ipinle Eko Foundation, Ejigbo Chapter, Wasiu Akinsola; Alhaji Bolaji Are, among others.
There were also representatives from political wards in the area including Aigbaka, Ailegun, Ilamoshe, Fadu, Ifoshi and Oke Afa.
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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