Business
Buhari, Lai Mohammed, should hold a press briefing in Sambisa Forest if Boko Haram has been truly Defeated – Fayose fumes
Pres. Buhari during his visit to one of the countries recently said the Judiciary arm of the Nigerian Government is his main headache in the fight against corruption. Reacting to this statement, Gov. Of Ekiti state, Ayodele Fayose said the President should respect the principles of separation of powers.
He said the president should obey court orders and focus on proper prosecution of people accused of corruption rather than castigating the judiciary and making the arm of government to appear as the stumbling block in his fight against corruption.
The governor also expressed doubts on the claims by the federal government that it had defeated Boko Haram, urging the president to tell Nigerians the truth.
“They keep telling us that they have defeated Boko Haram technically while Nigerians are still being killed daily by Boko Haram, with over 100 people killed in Dalori, less than 12km to Maiduguri, Borno State capital,” Mr. Fayose said.
“Isn’t it now necessary for the President to fulfill his promise of leading from the front and getting his Information Minister, Lai Mohammed to go and hold a press briefing in Sambisa forest unguarded by military men so as to show to Nigerians that indeed, they have defeated Boko Haram technically?”
Mr. Fayose said the president should have simply told the whole world that he hated the Nigerian judiciary because he lost the petitions that he filed against his electoral defeats in 2003, 2007 and 2011 instead of hiding under the fight against corruption to ventilate his anger.
The governor said there was nothing wrong with the legal system in Nigeria.
“In recent times, politicians like President Buhari are the ones responsible for the wrath in the judiciary because of their desperation to use the courts to foist one party state on Nigerians with conflicting judgments from election tribunals,” he said.
He said making noise in the media about discovery of fraud was different from being able to prove allegations of fraud in the court.
“The president and his men should stop media trial and playing with bogus figures. This is because as it is today, President Buhari is not fighting any corruption. Rather, he is engaging in political persecution in his bid to weaken opposition both in the Peoples Democratic Party (PDP) and within his own party, the All Progressives Congress (APC),” he argued.
“Even the president’s party men are beginning to condemn openly the trial of people accused of corruption in the media, with newspapers quoting Rotimi Akeredolu (SAN) on Saturday as describing it as convicting the suspects without giving them fair hearing.”
He further said that the president needed to purge himself of the blood of military dictatorship running in his veins, as he was using his fight against corruption to persecute those opposed to his government.
“When your own men are corrupting an institution like the judiciary just because they needed to win back states like Rivers, Akwa-Ibom, Taraba and others that they lost at the polls, thereby causing the courts to give conflicting judgments, it is morally wrong for you to go outside the country and complain about such a judiciary,” Mr. Fayose said.
“When your party men are encouraging people to commit perjury and confess to rigging elections just to discredit electoral victories of PDP and those made to confess to committing these crimes are allowed to walk the streets free just because they are serving the interest of APC, such a president lacks moral rights to complain about any institution stalling his fight against corruption because his own party men are number one promoters of corruption.
“The president must therefore act like a democratically elected president that he is by respecting the judiciary, which is a separate arm of government before his complain about the role of the judiciary in his fight against corruption can be taking serious
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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