Business
Buhari, el-Rufai, KADCCIMA extol Dangote at Trade Fair
Buhari, el-Rufai, KADCCIMA extol Dangote at Trade Fair
Encouraged by his huge investments and philanthropic activities in the country, President Muhammadu Buhari and his host, the Governor of Kaduna State, have hailed the President of the Dangote Group, Alhaji Aliko Dangote.
The duo spoke at the 43rd Kaduna International Trade Fair which was officially declared open by the President at the weekend.
The organizer of the Fair- Kaduna Chamber of Commerce Industry Mines and Agriculture (KADCCIMA)-also described Mr. Dangote as the biggest contributor to the economy by an individual through his business and charity -The Aliko Dangote Foundation.
President Buhari, who was represented by the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, also visited the Dangote pavilion where he said the country is grateful for the humongous support the Dangote Group was offering the nation.
He described Mr. Dangote as a friend by virtue of his contribution to the Nigerian economy, support to government and social interventions.
The Dangote Industries Limited is the major sponsor of the ongoing 43rd Kaduna International Trade Fair with the theme: Re-strategizing Nigerian economy for Global Competitiveness.
Kaduna State Governor Mallam Nasir Ahmad El-Rufia said Kaduna State Government is creating the enabling environment for private sector investors like Mr. Dangote to come to Kaduna State and invest.
The Dangote Industries Limited has the largest stake in the Dangote Peugeot Automobile located in Kaduna.
The Governor, who was represented by Commissioner for Business, Innovation and Technology, Prof Kabiru Mato, said the state has created friendly policies to woo local and foreign investors.
Speaking on the sideline of the opening ceremony, the Director-General of Usman Saulawa extolled the relationship between the Dangote Group and KADCCIMA.
“Dangote Group is an international brand in the world of business and manufacturing. I can also add that it is a must-have in every home. Dangote is also known for its philanthropic activities through the Dangote Foundation,” he said.
He said one of the uniqueness of the 2022 Fair is the flagship event-the Business Round Table on Blue Economy where stakeholders and businesses are brought together
He said companies from India, Pakistan, Morocco, Chad, Senegal, Mali, Niger Republic and Bangladesh are also participating at the Trade Fair.
The companies participating under Dangote Industries Limited are Dangote Cement, Dangote Sugar, NASCON, and Dangote Fertiliser.
A statement from the Corporate Communication Department of the Dangote Group said participants who seek to do business with any of the company’s subsidiaries can avail themselves of such opportunities through a Special Desk at the pavilion.
It described Kaduna State as one of its biggest markets in the country, given its historical position as the political capital of Northern Nigeria.
It said the newly introduced Dangote Fertiliser which has become the farmers’ bride will be operating a Special Help Desk for customers and farmers.
The statement added that apart from the products which are sold at reasonable prices with special packages, gift items are also being presented to customers at the pavilion.
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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