Business
Boko Haram: Group chides CUPS, vows legal action.
The National Committee of Yoruba Youth and the coalition of Civil Society Against Terrorism in Nigeria have also slammed a group, known as the Citizens United for Peace and Stability (CUPS) headed by Dr Idris Ahmed, describing the actions of the group and particularly of its leader, Dr. Idris Ahmed as unpatriotic and inimical, to the ongoing war against terrorism in the country.
Speaking through the Convener and Secretary of the coalition, Odeyemi Oladimeji and Atani John in a statement issued on Sunday in Ibadan, against recent report, credited to Dr Idris Ahmed, where he accused the leadership of the Nigerian Army, of failing to pay till date, the salaries and allowances of its Soldiers, drafted to the Operation Lafiya Dole, the code name for the Military operations in the North East against the dreaded Boko Haram insurgency, the coalition insisted that “No amount of blackmail and wild allegations against the leadership of the Nigerian Army, particularly the Chief of Army staff, General Tukur Buratai, can derail the Army and its leadership, from pressing further in defeating the now decimated Boko Haram insurgents, and their Intellectual wing, whose major preoccupation, is to continually disseminate unfounded allegations, such as the latest from Dr Idris Ahmed and his CUPS, in order to misinform the general public and ultimately, demoralize our hard fighting troops, in the front lines.”
“Nigerians are wise and are clearly informed, about the commitments of the present administration of President Muhammadu Buhari to the war against terrorism, coupled with their strong belief, in the integrity of the Army leadership, which has continued to prioritize the welfare of officers and men of the army, against what was obtainable in the past, all these to the disappointment of the intellectual wing of Boko Haram, whose blackmails and inciting utterances have in the past, served as fuel to the raging flame of terrorism in our country.” the statement further said.
The groups further stated, that it will use every available legal means, to stop the CUPS and its leader, Dr Idris Ahmed, from making further incendiary remarks, such that emboldened insurgents, and demoralized the men and officers of the Nigerian Army, who are giving their best, towards restoring total normalcy, in the North East region, and the country as a whole.
“We urge Nigerians to carefully understand that all the ricocheting calls being made by Dr Idris Ahmed, under the guise of patriotism, are merely aimed at distracting the Army and the leadership, from the main focus of totally defeating Boko Haram, and are incontrovertible proofs, of the desperation of some politically exposed personalities, to sustain the Boko Haram insurgency, for their selfish political gains.”
“Nigerians appreciate the way and manner the Army leadership has taken the welfare of the men and officers as an unprecedented priority, and the gains it has attracted, to the nation, in the war against terrorism, despite numerous efforts by the detractors, to distract the Army leadership and demoralize our troops.”
The group said it has mandated its legal team to approach the court, to pursue every possible redress, that will checkmate the actions of CUPS, its leadership and all those, who have continued to embark on all forms of actions, which seek to promote insurgency and demoralize members of the nation’s security forces.
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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