Business
APC leaders passes vote of confidence on Oyegun, declares support of his leadership
Top leaders of the governing All Progressives Congress, APC, have passed a vote of confidence in the leadership of the party under John Odigie-Oyegun.
The vote of confidence was passed on the National Working Committee, NEC, at a meeting of the National Caucus of the party which held Monday evening at the new banquet Hall, State House Presidential Villa, Abuja.
The meeting was presided over by President Muhammadu Buhari and had in attendance Vice President Yemi Osinbajo, Senate President Bukola Saraki, Speaker of the House of Representatives Yakubu Dogara, and the newly-appointed Secretary to the Government of the Federation, Boss Mustapha.
The governor of Zamfara state and chairman of Nigeria Governors Forum, NGF, Abdulaziz Yari, told waiting reporters shortly after emerging from the meeting that a vote of confidence had been passed on Mr. Oyegun and his team.
“This meeting shows our unity in the party, shows our strength and our commitment to the party and to Nigerians,” he said.
The national caucus is a prelude to the meeting of the National Executive Committee, which holds Tuesday at the national secretariat of the APC. Most decisions to be taken at the NEC are often discussed and agreed upon at the Caucus meeting.
Happenings in the party and media reports have shown that there could be an attempt to force Mr. Oyegun out of office during the NEC meeting today.
A national leader of the party and former governor of Lagos state, Bola Tinubu, is believed to be at the forefront of those gunning for Mr. Odigie-Oyegun’s ouster.
On Monday, protesters stormed the party’s main office in Wuse, Abuja, demanding that Mr. Oyegun step down.
A source at the party secretariat said it was in a bid to avoid crisis that Mr. Buhari separately met with Messr. Tinubu and Oyegun as well as the leadership of the national assembly Monday afternoon.
Those meetings appear to have yielded fruit as a smiling Mr. Oyegun told reporters after the talks that the meeting was “very fantastic” and that APC will emerge stronger after the NEC meeting.
A former governor of Yobe state, Bukar Ibrahim, also said contrary to reports of divisions in the party, the meeting was successful.
“Remember you saw it in some of the newspapers that our crisis had deepened; APC is going to break, there is a plan to kick out our national chairman – none of these things happened.
“It is a big family reunion and we are all happy and this party is going to dominate the Nigerian political space for a very long time to come. I don’t want to predict any number of years,” Mr. Ibrahim said.
Atiku conspicuously absent
Although the National Caucus meeting was well attended, a notable figure in the party, former Vice President Atiku Abubakar, was conspicuously absent.
However, his spokesperson, Paul Ibe, told PREMIUM TIMES that Mr. Abubakar’s absence was not planned because “he has been out of the country for six weeks, long before the meeting was announced”.
Those who attended the meeting include governors, some ministers, lawmakers, as well as Mr. Tinubu and the former national chairman of the party, Bisi Akande.
There were also former governors and top government officials in the APC administration.
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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