Business
CAN gets new leader as Ayo Oritsejafor hands over to Samson Ayokunle
A new President was on Wednesday in Abuja inaugurated for the Christian Association of Nigeria (CAN), with a promise that under his administration, CAN would not patronise government but will be a check on misgovernment.
Speaking before handing over to his successor, Dr. Supo Samson Ayokunle, outgoing President of CAN and Founder of the Word of Life Bible Church, Pastor Ayo Oritsejafor his most challenging period as CAN President for six years was the series of attacks he got from Christians.
Ayokunle, who is also President, Nigerian Baptist Convention,,said that although CAN would be a partner in progress, they would not fail to speak against the excesses of political leadership, even when the situation is not favourable for the truth.
He also called on government to take decisive step against those religious fanatics, who are attacking Christians, describing them as threat to the unity of Nigeria.
The cleric “We are committed to supporting the governments of the day in Nigeria, both the federal and state in all ways to achieve noble goals that would lead to development in the nation.
“CAN is not anti-government and the government should not be anti-CAN. We are supposed to be partners-in-progress. Each should respect the boundaries that would lead to mutual respect.
“However, we are not going to patronize the government and thereby fail in our responsibilities to speak against the excesses of those in political leadership. The church is in the world to improve the world and shine as light of the world.
“The church essentially is not of the world. We should stand out courageously and stand clean. We are aware that we are called to serve the body of Christ at the most challenging time for the church.”
Ayokunle who chronicled the recent attacks on Christians across the country, “call on the government of the day to take decisive action over these occurrences because it is their constitutional duty to do so.
“We shall not stop crying out for the government to do justice until we see that justice is done. Silence or inaction by those in government would continue to make the Christians express no confidence in them until they are ready to defend the rights of Christians and all Nigerians in this nation.”
The CAN President also called on past leadership of the body and churches to forgive each other and work for unity of one body, adding that the support of all and sundry is imperative for the survival of the new leadership.
“Without unity in CAN, there cannot be progress. By the grace of God we intend to lead CAN whose leadership is above board and would be able tom provide credible leadership for Christians and other Nigerians to follow.
“I appeal once again that we let all in-fightings and name callings come to an end. Let us embrace one another as members of God’s family where is no North, South, West or East,” he said.
In his remarks, Oritsejafor, recalled that his most challenging period was when the Christians, who he was defending were the one turning back to stand against him.
He however, thanked God for despite all odds was able to complete his tenure successfully, recalling that he took mantle of leadership when the road was seriously rough.
“We came in a period when the challenges of the church had reached a point that lots of Christians in Nigeria had been displaced from their home and churches.
“Some pastors particularly in northern Nigeria were closing their churches. Lots of fellow Nigerians had become internally displaced persons in their homes,” he said.
Oritsejafor called on Nigerian particularly the Christian faithful to stand behind Ayokunle and his team for the body (CAN) to be able to withstand the challenges.
He said; “To all Christians in Nigeria, we are entering a more challenging period in the history of our nation. Unfortunately, it is also the time that we seems to view CAN with some contempt.
“Yes! CAN may have her challenges, but for now we have no other body that unite us as CAN. So, we must revere the structure and leadership. Let us continue to pray for our land and leaders.”
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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