Business
Dangote receives CILT Champion Award, pledges collaboration with Institute
Dangote receives CILT Champion Award, pledges collaboration with Institute
President/CE, Dangote Industries Limited and Africa’s wealthiest man, Aliko Dangote yesterday received the prestigious award of the ‘Champion of CILT’ in recognition of his personal and the group’s contributions and support in areas of transport, logistics and supply chain management in Nigeria and Africa.
The award was bestowed on him by the National President of the Chartered Institute of Logistics and Transport, Mrs. Mfon Ekong Usoro, during an official visit by executive members of the Institute and its Women in Logistics and Transports (WILAT) branch to Dangote at the Head Office of the Dangote Group in Ikoyi, Lagos, State.
While accepting the award, Dangote, who commended the efforts of the Institute’s top officials to improve the transport sector in Nigeria, also pledged to collaborate with the CILT in the areas of training and capacity building on transport, logistics and supply chain management issues.
He received the CILT award in the company of the Group Executive Director, Special Duties and Group Chief Risk Officer, Dangote Industries Limited, Dr. Nike Fajemirokun; Group Managing Director, Dangote Cement Plc, Mr. Michel Puchercos, and the Managing Director, Greenview Development/Port Operations, Mr. Akin Omole.
Members of the CILT delegation led by Mrs. Usoro included the National President Emeritus, Ibrahim Jibril; International Vice President, Dr. Usman Gidado; Founder WiLAT, Aisha Ali-Ibrahim; Vice President, East CILT, Peter Borlo; CMILT/Chairperson WILAT, Khadijat Ifelola Sheidu-Shabi; Vice President, ENL Consortium, Princess Vicky Haastrup; National Executive Director, Paul Ndibe; Director, CLTL, UNILAG, Prof. Iyiola Oni, and Chairperson, Next Generation, Jafaaru Bello.
Usoro, who presented the award to Dangote, said the delegation came to inform him about the change in baton in the Institute, and to renew the relationship between the CILT and corporate members. She noted the long relationship with the Dangote Group, which presently has 5 Fellows of the Institute; 5 Chartered members, 18 Members, and 47 affiliate Members of the CILT. The team also expressed condolence over the recent demise of the Group Vice President, Alhaji Sani Dangote.
Dangote, who welcomed the CILT team, noted the need for adequate infrastructure, transport and logistics to boost the economy. He noted that the Group can work together with the Institute in the areas of transport and logistics, with training for the customers of the Group.
Immediate past president of the CILT, Mr. Jibril, in a vote of thanks, commended Dangote for the good work being done by the group in creating wealth not only in Nigeria but in Africa. He also hailed the group for building capacity in logistics, transport and supply chain management in Nigeria.
According to him, “I have been with CILT Council for over one and a half decades and through this period I have come to realise the great work the President of the Dangote Group is doing and his supporting staff in the area of development of capacity and skills acquisition in the logistics, transport and supply chain industry and this has gone a long way in professionalising the industry and has gone a long way in creating wealth and generating employment not only in Nigeria but the African region.
“This is a development that we have been keenly following and we are very much proud of what the Dangote Group is doing as led by the president himself. On that note, we appreciate all that he has done, we appreciate all that the Dangote Group is doing, and at the end of the day we believe that this is what Nigeria should benefit from”, he added.
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
-
celebrity radar - gossips6 months agoWhy Babangida’s Hilltop Home Became Nigeria’s Political “Mecca”
-
society6 months agoPower is a Loan, Not a Possession: The Sacred Duty of Planting People
-
society5 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news6 months agoTHE APPOINTMENT OF WASIU AYINDE BY THE FEDERAL GOVERNMENT AS AN AMBASSADOR SOUNDS EMBARRASSING