Business
Dangote empowers 16,000 rural women in all Kwara LG
Dangote empowers 16,000 rural women in all of Kwara LG.
Aliko Dangote Foundation (ADF), on Wednesday, empowered a total of 16,000 women in all the 16 local governments area of Kwara State. Each of the 16 thousand rural women was given the sum of N10,000 each, to help boost their petty trade and also start new businesses.
In all, a total of N160,000 million were given to the rural women in a funfair event, held in the Moro Local Government Area of Kwara State.
Deputy Governor of the state, who stood in for the Governor, Abdulraham Abdulrasaq, lauded the ADF empowerment programme and described it as part of the key economic tools needed to boost the socio-economic activities of the rural areas, and ultimately the state.
He said “This Aliko Dangote Foundation empowerment programme will impact positively on the socio-economic activity of our state. We are so pleased with this and cannot thank Aliko Dangote enough. We don’t want people to come and unnecessarily populate the urban areas, we want to encourage people to stay in the rural areas and add value to the respective lives and also to the state economy. This indeed is a noble gesture”
Dangote’s Group Executive Director, Government and Strategic Relations, Eng. Ahmed Mansur, who represented Aliko Dangote said “…To Aliko Dangote, whom much is given, much is expected. Dangote is being blessed by Allah and he enjoys sharing some of his blessings with the people around him. This investment in the rural areas will circulate well in these rural areas and also boost the economy of the state eventually…We are going to do this on all the local governments in Nigeria.
In the same vein, the Managing Director and Chief executive of ADF, Zouera Youssoufou, explained that the empowerment programme is an ongoing activity of the Foundation and that while some Local Governments have been covered already, all rural women in the local governments, across the country will benefit from this noble gesture from Aliko Dangote.
She said: ” … the focus is on women because we all need to note that once you support a woman, you are supporting the whole family and the multiplier effect of that will be very great… We have done several states in the past and today we are also doing for Kwara, empowering 1,000 women for each of the 16 local governments in Kwara. Each of the women gets 10,000 each, to be disbursed immediately and concluded within the next three weeks all across the state…
It would be recalled that the same ADF recently launched a major philanthropic programme in Zamfara State, doling out food items running into several millions of naira to support victims of insurgency.
The farmers-herders clash and sporadic attacks by cattle rustlers have displaced thousands, many of whom are currently seeking refuge at Maradun Local Government Area of the State.
According to official reports over 3,000 people have been killed, about 100,000 displaced, of which about 30,000 are in Maradun LG, and over 500 people kidnapped.
Group Executive Director Government Relations and Strategic Relations Mansur Ahmed who presented the food items on behalf of Group President Aliko Dangote said the Foundation was supporting the government and traditional leaders in meeting the needs of the IDPs.
Only recently Mr. Dangote was rated the world’s 6th largest donors, and
Africa’s richest person for almost a decade. His Aliko Dangote Foundation has been endowed with a staggering $1.25billion. He was also listed by Forbes Magazine among the 75 people that make the world turn.
Dangote Foundation had also injected over N7billion to create succor in North East in the wake of the Boko Haram insurgency.
Mr. Ahmed, an Engineer, said Mr. Dangote was very disturbed about the plight of the displaced persons and quickly directed that everything possible is done to provide succor.
Mr. Ahmed said the company was building a 200000-ton capacity rice mill in Maradun and that when completed this year it would create hundreds of job opportunities for the people of Zamfara State.
Responding, the Emir of Maradun Muhammad Garba Tambari said he was highly elated as the company is the first to intervene by providing food support for displaced persons.
He commended Mr. Dangote for the gesture and promise to help secure his investment in his Emirate.
Chairman of the Maradun Local Government Alhaji Yahayah Shehu Maradun thanked the Dangote Foundation for the gesture and pray God to continue to bless the Dangote business.
It would also be recalled that the Federal government, also recently revealed that the N1.2billion hostel donated by the Aliko Dangote Foundation to Ahmadu Bello University Zaria is the single largest donation by an individual in the history of Universities in Nigeria.
Executive Secretary of the National University Commission (NUC) Professor Abubakar Adamu Rasheed who represented President Muhammadu Buhari at the commissioning of the Aliko Dangote Hall extended the Federal Government’s appreciation to the President of the Dangote Group.
The President said: “You have done what no other Nigerian has done since 1948 when the first university was founded. This is the single largest intervention by any individual in any university in this country in the 70 years history of our university. So I congratulate Alhaji Aliko Dangote.”
A visibly elated Governor of Kaduna State Nasir Ahmad El-Rufai who is also an alumnus of the university hailed Alhaji Aliko Dangote for the giant project.
He described Dangote’s generosity as unprecedented, especially his support for education.
Speaking the Vice-Chancellor of the University Professor Ibrahim Garba said Mr. Dangote will forever remain dear to the Ahmadu Bello University.
He added:” The student population of ABU is over 50,000, made up of about 35,000 undergraduates and about 15,000 postgraduates. Every year, 11,500 undergraduates and about 6,000 postgraduates are admitted while about 6,000 undergraduates and 3,000 postgraduates respectively graduate. In any one academic year, we are only able to accommodate about 13,000 students on our two campuses.”
The Vice-Chancellor said:” We are happy that Alhaji Aliko Dangote has fulfilled the pledge he made in 2016 to build 10 blocks of hostels for Ahmadu Bello University’s students to improve their living condition.
“We may accommodate six students per room. This will certainly go a long way in ameliorating the accommodation scarcity bedeviling the university.
“We thank Alhaji Aliko Dangote for his intervention, we thank members of the Aliko Dangote Foundation and the entire Dangote Family. This is unprecedented for us we can’t ask for anything more except if he thinks of anything he wants to add of his own volition.”
Business
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.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
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.
Business
GTBank Launches Quick Airtime Loan at 2.95%
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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