Business
DANGOTE GRANITE MINES OFFERS SCHOLARSHIPS TO HOST COMMUNITIES STUDENTS
DANGOTE GRANITE MINES OFFERS SCHOLARSHIPS TO HOST COMMUNITIES STUDENTS
…Promises automatic employment for exemplary ones
It was an atmosphere of excitement at the weekend as Dangote Granite Mines, Ijebu Igbo, a subsidiary of Dangote Group, awarded multi-million Naira scholarships to 60 host communities’ students in various schools in the country as part of its Corporate Social Responsibility (CSR) to foster educational development in its host communities. The company also promised the beneficiaries automatic employment should they excel in their studies.
The management of the Company said the scholarship was in furtherance of its efforts at ensuring that its host communities are not left behind in terms of development especially in the area of education and infrastructure noting that education is one of the key areas of focus for development.
Beneficiaries of the scholarship award were drawn from the five host communities to Dangote Granite Mines which includes Ajebandele; Olorunmodi Ademowo; Saliu Baba Risi; Idi-Omo and Ijebu-Igbo township. The scholarship covers both secondary and higher institution students.
Mr. Ebenezer Fola Ali, Director, Human Assets Management, Dangote Projects who handed over the cheques to each of the awardees explained that the scholarship was meant to help the parents of the beneficiaries to lessen the burden the education of their children placed on them.
He stated that the scholarship award was part of the agreement reached with the leadership of the host communities during the signing of the Community Development Agreement (CDA) and urged the beneficiaries to face their education as they will be given automatic employment f they do well academically.
While also presenting the signed CDA to the Ijebu Igbo monarch, the Sopenlukale of Oke Sopen, Oba Muftau Adesesan Yussuf, Mr. Ali thanked the monarch and the communities’ leaders for creating an atmosphere of peace in the area and for showing the understanding that has led to the tranquillity being enjoyed by the company and the communities.
He assured the communities of the readiness of the company to do its own part of the agreement and ensure it identifies with the people at all times while also promising that the management would follow the CDA to the letter.
Mr. Ali also charged the communities leaders to continue to support the management of Dangote Granite Mines by maintaining peace. In the same vein, he charged the beneficiaries of the scholarship award not to let the Company and their parents down by engaging in activities that could derail their education.
He told the beneficiaries to justify their choice as recipients of the award by going ahead to excel in their different fields so as to spur on the management to do more.
In his remark, the Sopenlukale, Oba Yussuf thanked the management of Dangote Group for the show of assistance to the communities pointing out that the award of the scholarship indicated that the company was community friendly and committed to giving back to the society hence “it deserves all the supports the communities can muster.”
The monarch urged his people not to take the scholarship award and other projects that the Dangote management is doing for the communities for granted but should be seen as a show of love for the host communities because “let no one harbour the misconception that Dangote is doing the mining her free. Its not like that, the company is paying the government, both the state and the federal, what they are doing for us is an act of love and magnanimity.”
He told the people to continue to maintain peace as it is only when there is peace that the company can help the communities more.
One of the beneficiaries, Miss Aregbe Grace Oluwadamilola of Tai Solarin University of Education (TASUED), who spoke on behalf of others, thanked the management of Dangote Granite Mines for the good gestures saying the scholarship will go a long way in lessening the financial hardship they will encounter in school.
She promised that the beneficiaries would not let down the company and their parents and also prayed for the well-being of the Chairman of the Company, Aliko Dangote.
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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