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Christian Elders forum condemns Buhari over Nigeria’s membership of Islamic coalition

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A group, the Nigerian Christian Elders Forum, has strongly condemned the recent inclusion of Nigeria in the Saudi Arabia-led coalition against terrorism.

The decision to join the group was announced by President Muhammadu Buhari.

Addressing Journalists in Abuja, Friday, the NCEF chairman, Solomon Asemota, said the action was a clear negation of the rights of Nigerians as well as a lack of regard for the views of non-Muslim Nigerians who took part in bringing the new administration to power.

“Including Nigeria in the Saudi Arabia Military coalition of Muslims/Arab nations would appear that the foreign policy thrust of the current administration is to make Nigeria a satellite state of Saudi Arabia,” the group said.

“Any nation in which Islamists believe that they are sufficiently strong to exercise influence rarely experiences peace.

“Mr. President should kindly remember that over 50 per cent non-Muslims of Nigeria did not vote for the nation to become Sharia compliant,” the group said.

The NCEF said the inclusion of Nigeria in the Organisation of Islamic Conference, OIC, in 1975, as well as its recent inclusion in the Saudi-led coalition was an attempt by Muslim leaders to dominate the country, with the teachings of Islam.

“While Islam is a religion; Islamism, otherwise called political Islam, is a set of ideologies that hold that Islam is not a religion, but a political system meant to dominate the environment in which it is practised,” it stated.

The group said some policies and decisions of the Buhari government has given Nigerians cause for concern.

“N900 billion was released as bailout to states without appropriation. International commitments are being made without resource to the National Assembly,” it pointed out.

The group also noted the, “Attempt to fund deficit in the 2016 budget through issuance of Sukkuk loan which is a Sharia compliant loan”.

The NCEF aslo said the decision by the Kaduna State government to enact a religious bill was a shocking.

“We wish to express tremendous shock at the proposed Kaduna state bill. The proposed bill contravenes section 38 (1) of the 1999 constitution,” the group stated.

A group, the Nigerian Christian Elders Forum, has strongly condemned the recent inclusion of Nigeria in the Saudi Arabia-led coalition against terrorism.

The decision to join the group was announced by President Muhammadu Buhari.

Addressing Journalists in Abuja, Friday, the NCEF chairman, Solomon Asemota, said the action was a clear negation of the rights of Nigerians as well as a lack of regard for the views of non-Muslim Nigerians who took part in bringing the new administration to power.

“Including Nigeria in the Saudi Arabia Military coalition of Muslims/Arab nations would appear that the foreign policy thrust of the current administration is to make Nigeria a satellite state of Saudi Arabia,” the group said.

“Any nation in which Islamists believe that they are sufficiently strong to exercise influence rarely experiences peace.

“Mr. President should kindly remember that over 50 per cent non-Muslims of Nigeria did not vote for the nation to become Sharia compliant,” the group said.

The NCEF said the inclusion of Nigeria in the Organisation of Islamic Conference, OIC, in 1975, as well as its recent inclusion in the Saudi-led coalition was an attempt by Muslim leaders to dominate the country, with the teachings of Islam.

“While Islam is a religion; Islamism, otherwise called political Islam, is a set of ideologies that hold that Islam is not a religion, but a political system meant to dominate the environment in which it is practised,” it stated.

The group said some policies and decisions of the Buhari government has given Nigerians cause for concern.

“N900 billion was released as bailout to states without appropriation. International commitments are being made without resource to the National Assembly,” it pointed out.

The group also noted the, “Attempt to fund deficit in the 2016 budget through issuance of Sukkuk loan which is a Sharia compliant loan”.

The NCEF aslo said the decision by the Kaduna State government to enact a religious bill was a shocking.

“We wish to express tremendous shock at the proposed Kaduna state bill. The proposed bill contravenes section 38 (1) of the 1999 constitution,” the group stated.

A group, the Nigerian Christian Elders Forum, has strongly condemned the recent inclusion of Nigeria in the Saudi Arabia-led coalition against terrorism.

The decision to join the group was announced by President Muhammadu Buhari.

Addressing Journalists in Abuja, Friday, the NCEF chairman, Solomon Asemota, said the action was a clear negation of the rights of Nigerians as well as a lack of regard for the views of non-Muslim Nigerians who took part in bringing the new administration to power.

“Including Nigeria in the Saudi Arabia Military coalition of Muslims/Arab nations would appear that the foreign policy thrust of the current administration is to make Nigeria a satellite state of Saudi Arabia,” the group said.

“Any nation in which Islamists believe that they are sufficiently strong to exercise influence rarely experiences peace.

“Mr. President should kindly remember that over 50 per cent non-Muslims of Nigeria did not vote for the nation to become Sharia compliant,” the group said.

The NCEF said the inclusion of Nigeria in the Organisation of Islamic Conference, OIC, in 1975, as well as its recent inclusion in the Saudi-led coalition was an attempt by Muslim leaders to dominate the country, with the teachings of Islam.

“While Islam is a religion; Islamism, otherwise called political Islam, is a set of ideologies that hold that Islam is not a religion, but a political system meant to dominate the environment in which it is practised,” it stated.

The group said some policies and decisions of the Buhari government has given Nigerians cause for concern.

“N900 billion was released as bailout to states without appropriation. International commitments are being made without resource to the National Assembly,” it pointed out.

The group also noted the, “Attempt to fund deficit in the 2016 budget through issuance of Sukkuk loan which is a Sharia compliant loan”.

The NCEF aslo said the decision by the Kaduna State government to enact a religious bill was a shocking.

“We wish to express tremendous shock at the proposed Kaduna state bill. The proposed bill contravenes section 38 (1) of the 1999 constitution,” the group stated.

The NCEF expressed dismay at what it described as the Federal Government’s inaction to the carnage and destruction perpetrated by the Fulani Herdsmen.

“According to media reports over 300 Nigerians were allegedly massacred by the Fulani Herdsmen. Till today, there has been no prosecution of any of them,” it stated.

The NCEF also decried the decision of government to establish grazing reserves across the nation, saying the proposal is a deceptive attempt to appropriate the land of indigenous ethnic groups for Fulani Herdsmen to spread terror across the nation.

The group called on the government to convene a Council of State meeting to enable past presidents of Nigeria assess the developments in the country, and make suggestions that will lead to the creation of a Truth and Reconciliation Commission.

According to the group, the commission which should follow an enactment of law, should among other things, study the problem of terror in Nigeria and ensure the prosecution of culprits.

The NCEF called on ethnic groups to introduce community policing to protect its indigenes, while urging the government to re-introduce the study of history in secondary schools.

 

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

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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

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Alpha Morgan to Host 19th Economic Review Webinar

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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.

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GTBank Launches Quick Airtime Loan at 2.95%

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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

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