Business
EFCC Boss Olukoyede Joins Top Chief Executives to Address WorldStage Economic Summit 2025
EFCC Boss Olukoyede Joins Top Chief Executives to Address WorldStage Economic Summit 2025
…As One Governor, One Minister, and 21 Organisations Set to Receive Awards for Outstanding Economic Impact
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has confirmed his participation in the WorldStage Economic Summit (WES) 2025, scheduled for Friday, November 21, 2025, at The Event Centre, Nigerian Exchange Limited, 2/4 Customs Street, Lagos, beginning at 10:00 AM.
Under Olukoyede’s leadership, the EFCC has recorded unprecedented strides in the fight against economic and financial crimes, including the recovery of over N566 billion, along with other currencies and assets within the last two years. At the summit, he will deliver a paper on “Anti-Corruption Efforts of the EFCC to Boost Ease of Doing Business.”
The theme for WES 2025 is “Tackling the Issue of Low Productivity in Nigeria.”
According to a statement by the organisers, World Stage Limited, a research- and technology-driven Africa-focused firm, Olukoyede will join other top chief executives who have confirmed participation. They include:
Dr. Olasupo Olusi, Managing Director/CEO, Bank of Industry (BoI)
Mr. Segun Ajayi-Kadir, Director-General, Manufacturers Association of Nigeria (MAN)
Mr. Adewale Smatt-Oyerinde, Director-General, Nigeria Employers’ Consultative Association (NECA)
Dr. Abidemi Adegboye, academic researcher, University of Lagos
The statement also confirmed that one state governor, one minister, and 21 organisations will receive the WorldStage Economic Summit Awards for Outstanding Economic Impacts in 2025 during the summit.
WES is designed to address economic challenges by diagnosing existing issues and applying practical, research-driven solutions. It provides a platform for public and private sector collaboration to inspire innovative thinking in business development, policy formulation, implementation, and economic reform.
Top corporate institutions supporting WES 2025 include the Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC), Nigerian Exchange Group Plc (NGX), NLNG, Zenith Bank, Access Bank, Polaris Bank, Fidelity Bank, Sterling Bank, Sahara Group, and Ecobank.
Other key stakeholders expected to take frontline positions at the summit include federal and state government representatives, as well as private sector players in food production, technology transfer, job creation, energy supply, blue economy, banking, and export promotion.
The summit will attract participants from sectors such as manufacturing, oil and gas, housing, agriculture and water resources, banking, insurance, maritime, ICT, aviation, mining, hospitality and tourism, healthcare, education, transportation, and both local and international investment communities—including the media.
Mr. Segun Adeleye, President/CEO of World Stage Limited, noted that one of Nigeria’s biggest economic challenges remains low productivity.
“Even though many Nigerians are working, almost half are estimated to be poor—living below the national poverty line—with multidimensional poverty at 63% and income poverty at 40%, simply because the right jobs are not available,” he said.
He added: “The question many are asking is: If Nigeria’s economy is transforming, is the transformation delivering higher-productivity jobs that can raise living standards?”
Adeleye explained that WES 2025 will present evidence-based policy discussions on job creation, legislative interventions to curb productivity losses from multiple public holidays, and strategies to boost earnings in low-productivity and small-scale activities. The summit will also explore maintaining a stable macroeconomic environment through continued fiscal and exchange rate reforms, deeper integration into global value chains, attracting foreign direct investment, opening up the economy through improved trade facilitation, and aligning skills with economic needs.
Other agenda points include the design of national skills programmes for Nigerian youth—especially in digital technologies—upgrading infrastructure, aggressively integrating mineral resources into national revenue streams under AfCFTA opportunities, and financing structural transformation through improved domestic resource mobilisation and tax administration reforms.
WES has earned a reputation as a hub of opportunity—an exceptional platform for networking, learning, and strategic collaboration—bringing together public sector leaders, industry captains, and forward-thinking professionals.
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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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