Business
Dangote feeds 30,000 IDPs in Zamfara
L-R, Emir of Maradun, Maradun LGA of Zsmfara State, HRH Alh. Garba Mohammed Tambari, Group Executive director, Government and Strategic Relations, Dangote industries limited, Engr. Mansur Ahmed, who represent the Chairman Aliko Dangote foundation, Councilor Maradun South, Hon.Sirajo Madugu, One of the beneficiary, Programmes Operations manager, Aliko Dangote foundation, Musa Bala, Project director, Dangote Rice, Robert Coleman. At the Presentation of Food Materials by Aliko Dangote foundation to Internally Displaced persons (IDPs) in Maradun- Maradun Local government area of Zamfara State on Monday 21st January 2019
L-R, Emir of Maradun, Maradun LGA of Zsmfara State, HRH Alh. Garba Mohammed Tambari, Group Executive director, Government and Strategic Relations, Dangote industries limited, Engr. Mansur Ahmed, who represent the Chairman Aliko Dangote foundation, Councilor Maradun South, Hon.Sirajo Madugu, One of the beneficiary, At the Presentation of Food Materials by Aliko Dangote foundation to Internally Displaced persons (IDPs) in Maradun- Maradun Local government area of Zamfara State on Monday 21st January 2019
L-R, Emir of Maradun, Maradun LGA of Zsmfara State, HRH Alh. Garba Mohammed Tambari, Group Executive director, Government and Strategic Relations, Dangote industries limited, Engr. Mansur Ahmed, who represent the Chairman Aliko Dangote foundation, Councilor Maradun South, Hon.Sirajo Madugu, One of the beneficiary, Programmes Operations manager, Aliko Dangote foundation, Musa Bala, At the Presentation of Food Materials by Aliko Dangote foundation to Internally Displaced persons (IDPs) in Maradun- Maradun Local government area of Zamfara State on Monday 21st January 2019
In yet another massive intervention, the Aliko Dangote Foundation Monday officially 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 the 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 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 be done to provide succor.
Mr. Ahmed said the company was building a 200000-ton capacity of 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.
Our reporter sighted trucks of food items being offloaded at the silos and at the official presentation of the relief material at the Palace of the Emir of Maradun.
Some of the items delivered include: Trucks of Semolina, sphagetti, sugar, wheatmeal and Macroni.
Victims at the IDP camp who recounted their ordeal described the crisis as the worst in the country in the past five years.
They regretted that state have been neglected by government and mainstream media.
Mrs Inno Usman, 50, from Mallamai District lost a husband to the crisis and has eight children at the IDP camp. She said five men including her husband were killed by the marauders.
Mrs Usman described the intervention of Dangote as timely, while urging other donors to emulate the the Aliko Dangote Foundation.
Another victim, Mrs Kenan Usman said her husband was also killed in a gruesome manner and that she escaped with her five children by the whiskers.
She said before the coming of Dangote Foundation they have been accommodated at the IDP camp in Maradun since November 2018, regretting that there is no date foe their return as the insurgents still hold sway in their various villages.
For Inno Aliyu Sani, 60, 21 people were killed including four women, and cows running into hundreds were stolen by the rustlers.
“We can’t go back. The killers are still there,” she said.
Abubakar Garba from Rudun village said for the past five years marauders had sacked everyone in the village but that government was doing anything address the situation until now.
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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