Connect with us

Business

Arrest my children if they have any link with Boko Haram – Borno State Governor, Shettima

Published

on

 

The Borno State Governor has charged security operatives to arrest anyone linked to Boko Haram even if they are his children.

Governor Kashim Shettima stated this in a seven-minute video broadcast late on Thursday.

Mr. Shettima’s state is the most affected by the Boko Haram insurgency which has caused the death of about 20,000 people.

Some public officials in Borno including a local government chairman have since been arrested by the military for alleged links to the terror group.

Despite losing a large chunk of their former base in Sambisa forest to Nigerian forces, Boko Haram still carry out attacks on military and civilian targets.

In his broadcast, Mr. Shettima expressed condolence to families of the victims and pledged continued support to security agencies and local vigilante.

Read Mr. Shettima’s full speech below.

My dear brothers and sisters, the people of Borno State,

In recent days and weeks, we have come under renewed attacks which horribly remind us, that our security challenges are still longing.

It is regrettable that this upsurge in cowardly suicide attacks came not long after the patriotic military forces of this country recaptured Sambisa Forest which used to be the operational zone of the Boko Haram terrorists.

It was from Sambisa that these mass murderers used to train, prepare and launch bold attacks on our communities.

Our gallant military and other security agencies have now denied them the use of their former high command.

However, we must remind ourselves that the recapture of Sambisa Forest and the flushing out of the terrorists from most of their former enclaves does not mean that our struggle is over. Instead, the terrorists have resorted in their usual cowardly fashion, to stepping up attacks on soft targets.

Cowardly and vile attacks such as these on schools, places of worship, markets and other soft targets are signs of the terrorists’ weakness and of their desperation to tell their terror co-travellers around the world, that they are not yet finished.

In this criminal endeavour, they resort to the use of teenagers and children as young as seven years.

More recently, they even strap babies on the back of their recruits in order to slip through our security dragnets.

They also use hard drugs on these innocent children who do not know what they are doing when they kill their own parents, relations, and fellow countrymen and women. Many precious lives have been lost, hundreds of citizens including school girls were abducted; many more people have suffered serious injuries as a result of these senseless acts of bloodthirsty enemies of peace.

I once again extend my deepest condolence to the families of all those who have lost loved ones or suffered injuries due to these cowardly attacks.

We pray to Almighty God for the repose of the souls of those who lost their lives and for the quick recovery of those who suffered injuries.

In the midst of our pain in these trying times, we must acknowledge the support of international and local humanitarian agencies, development partners and credible NGOs for standing by the good people of Borno State through thick and thin.

Even though we are all saddened by episodes of attacks, as your Governor, I assure you that I serve with a constant reminder that the number one basis of Government is the protection of innocent lives and property.

I know the weight of my duties and the oath I took before you and God.

With your mandate, I have the privilege of first hand security reports and I can share with you, that for every vile attack that the terrorists were able to carry out on innocent lives, many more were stopped by our gallant security agencies, our Civilian JTF, vigilantes and hunters.

As we know, the intention of terrorists is to demoralise us, make us to live in fear and prevent us from going about our normal lives and worshipping our God in ways that differ from their ungodly violence.

We will not allow them succeed in their wish to make us live in the permanent slavery of fear.

Infact, they have failed in their mission because together, we have said no to them.

And in saying NO, we must not let them cause us any more harm.

The Government of Borno State will continue to provide the necessary support to our gallant military and security agencies and volunteers in their patriotic effort to restore peace and security in our ancestral land.

We will continue to take preventive measures by working with community leaders across ethnic and religious divides in all our 27 local government areas to increase community policing. We all have roles to play.

I know that majority of you, the good people of Borno State, have remained sincerely committed to fighting this insurgency. I have met parents who exposed their insurgent biological children and handed them over to security forces to face justice.

I know that insurgents and their allies, often hide their identity so well that good citizens may innocently associate with them. But the bold patriotism of parents who turn in their children has always strengthened our resolve.

This is why I strongly say to security agencies, that anyone factually suspected of despicable links with the Boko Haram and other criminals should face justice even if that person happens to be one of my three biological children.

Support for insurgents is a crime against humanity. I have met parents who encouraged their children to join the Civilian JTF and risk their lives to fight insurgents. I have even met parents who remained contended and proud even after their sons died fighting under the Civilian JTF. I have seen elderly men and young girls organize themselves to join the fight as vigilantes and the Civilian JTF.

I know the sacrifices many citizens have made and it is because of your devotion that I am urging all the people of Borno State to rise up as one and increase our community vigilance, especially around soft targets.

We must remobilise ourselves and step up vigilance and community policing around all our population and community centres like mosques, churches, markets, schools, hospitals, shopping complexes, football fields, social gatherings and motor parks.

We must watch out for strange and suspicious faces, not for the purpose of taking the law into our hands but for reporting these suspicious persons to the nearest security agents for prompt action.

I urge you, the good people of Borno State, not to despair but to rise as one and stand up to this murderous gasp of a dying insurgency.

I believe God is with the non-violent.
May He crown our efforts with the quick rescue of all our citizens still in captivity and May He grant us enduring peace and prosperity!

God bless you!

 

Business

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Published

on

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.

 

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Continue Reading

Bank

Alpha Morgan to Host 19th Economic Review Webinar

Published

on

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.

Continue Reading

Business

GTBank Launches Quick Airtime Loan at 2.95%

Published

on

GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

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

Continue Reading

Cover Of The Week

Trending