Business
Federal Government is afraid of my rising Profile – Governor Fayose
Ekiti State governor, Ayo Fayose has debunked the claim by former Minister of State for Defence, Senator Musiliu Obanikoro, that he gave him (Fayose) part of the money he got from ex-National Security Adviser, Sambo Dasuki.
Fayose said the claim by Obanikoro, who is currently in EFCC custody, that he collected some money from him, was a clear indication that he was drowning and looking for someone to go down with him.
Speaking with Sun, Fayose said despite the myraids of allegations leveled against him, he would come out pure.
He compared his current situation to the Biblical Jesus, who despite many trials, came out victorious.
He said, “I wouldn’t want to join issues with EFCC or Obanikoro. But I remembered very well that Obanikoro was firing very serious salvos at the EFCC before now.
“I remembered all his statements in the press, but this dramatic return, he did not stop at the airport and there was a clear entrance straight to the EFCC custody; it simply shows that there is a hand of Saul in the voice of Jacob.
“I’m used to all these conspiracies and the fact remains that in all these, Jesus is Lord, in all these, victory is sure, in all these, I’ve not lost any battle and I’ll not lose any. Let me believe that Obanikoro did not say all these because whatever you say, you would have to prove it in court.
“It is not enough to just say it. If he’s saying all these to get out of trouble, it is just a drama of the moment. I know he is looking for ways out of the quagmire as his house was seized, his bank accounts were frozen and all that. May be, my brother and friend, Obanikoro is looking for easy way out so they have to heap everything on Fayose.
“I’m used to all these. In the meantime, I am busy as governor of Ekiti delivering good governance to my people. What they wanted during their conspiracy at my first tenure was to stop me politically forever. They didn’t want me to rise politically again; that was what all the first poultry allegation with EFCC in 2006 is all about but I won.
“Today, I can adjudge what would happen tomorrow by the victory of yesterday. So, their fear is my rising profile: their fear is – where is this Fayose going?
“Don’t you forget that in the Bible, the three wise men who came to greet Jesus Christ and who saw tomorrow about Jesus Christ just as the then King Herod too, saw tomorrow about Jesus Christ and he told the wise men to come back to him and reveal where Jesus was so that he could go and kill him.
“But the wise men didn’t go back that way. So, they saw my tomorrow and knew that I was rising. I’m going to be among those people that would take over from them. I have a future, I have greatness ahead of me and no greatness comes without a battle and struggle.
“So, they should keep their gun powder dry, behave like a responsible organization whose strength is in their coded investigation. They should stop messing themselves up. You see, nobody knows what would be the situation in two years time, but when we get to the bride, we would cross it.
“Again, if Obanikoro says he gave me such huge money, where did he get it from? Why will he take such huge cash like that? Why will an honourable federal minister of the country be saying that he took cash like this and gave to me?
“You can now see how EFCC operates, but we will talk about that when we get to court. They are only looking for ways for nexus, to link me at all cost, to destroy me at all cost.
‘It is just like in the Bible when they asked the people should we replace the thief with Jesus for the punishment but the people said no, it is Jesus we want.
“So, it’s Fayose that is all they want in all these drama, I hope that by now, they would have released all Obanikoro’s confiscated assets and property.”
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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