Business
Dangote is pride of black race- Kano Gov
President/CE, Dangote Geoup, Aliko Dangote has been described as the ‘Pride of the Black Race’.
Governor of Kano state, Dr. Umar Ganduje, who was speaking at Dangote Special Day, Monday said Nigeria is lucky to be blessed with someone like Aliko Dangote who has made Nigeria and indeed, Africa proud in different ways.
Represented by state Commissioner of Commerce, Industry, Cooperatives and Tourism Ahmad Rabiu, the Governor said Danngote is synonymous with development given the giant strides recorded in the different sectors of the economy.
“Dangote Group and Dangote Foundation have touched lives in the different states in Nigeria and beyond.
“There is no household that does not use Dangote product. Every where you go there are Dangote products and services from which many are benefitting.
“Many sectors of the economy have been boosted- Infrastructure, Agriculture, the Mining sector, Health, Education etc Dangote is surely a man of the people”
Governor Ganduje expressed gratitude
to the foremost Industrialist for his contribution and support to the Fairs conducted by Kano state over the years, many of which recorded immense success.
He said there is no doubt that the 38th Kano International Trade Fair will also be a success because Aliko Dangote is involved.
He called on leaders, wealthy individuals and organisations to emulate his unique qualities for a better society by making life a lot easier for the people especially at the grassroots.
Speaking earlier, President/CE, Dangote Group, Aliko Dangote said the current administration’s diversification agenda has put the Nigerian economy on the right trajectory for growth.
The Africa foremost industrialist said diversification would take the country to the next level, and away from overdependence on oil.
Represented by General Manager Stakeholder Management, Dangote Group, Bello Abdullahi Dan-Musa, Dangote the nation should continue to explore opportunities in the various sectors to grow the economy.
“We are committed to diversification as it is what Nigeria needs and indeed Africa, to add value to our basic endowments for economic growth.
“That is why we are also exploring
opportunities in the different sectors, cement, flour, salt, sugar and recently, Oil and Gas as well as Agricbusiness to move the nation forward.
“Dangote businesses are meant to impact the lives of the people in different ways, that is why Dangote Group is structured to deliver basic goods and services that are essential for improving standard of living of the general populace, and have presence in 13 different countries.
Last week, Dangote commissioned its cement plant in Congo Brazaville.
Its mission in the next five to ten years is not only to be the largest brand in Africa but also be amongst the top 20 companies of the World.
Hajiya Maijidda Modibbo of the Corporate Communications, Dangote Group, spoke briefly about Dangote Rice out-grower scheme in line with President Buhari’s policy to reinvigorate the economy, saying it has gone a long way in enhancing farmers and their households.
Participants at the fair thronged Dangote Pavillion to see what Dangote has to offer. They include Dangote Cement, Dangote Sugar, Dangote Salt, Dangote Rice, Dangote Flour, DanQ, among others.
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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