Business
FOLAFINCON NIGERIA ’24: Lagos Session Empowers Attendees With Wealth-Building Strategies
*FOLAFINCON NIGERIA ’24: Lagos Session Empowers Attendees With Wealth-Building Strategies
The city of Lagos was abuzz on December 2, 2024, as the FOLAFINCON Nigeria ’24 conference brought together some of Nigeria’s finest minds in business, leadership, and civic engagement. Held at the prestigious Eridanspace, Oluwalogbon House, Ikeja, the event, themed “Honor Your Wealth: Expertise Empower Earnings”, provided a transformative platform for individuals seeking practical steps to financial empowerment. The conference drew a diverse audience of young professionals, entrepreneurs, and policymakers, all united by a shared goal: building sustainable wealth in today’s challenging economic landscape.
The Lagos session opened with a keynote address by Hon. Idris Aregbe, the Special Guest of Honor and Special Adviser to the Lagos State Governor on Tourism, Arts & Culture, who set the tone for the day. In his speech, he emphasized the untapped potential of Nigeria’s rich cultural heritage as a driver of economic growth, calling on attendees to explore innovative ways to monetize their unique talents and resources.
Other esteemed guests included Hon. Kunle Dabiri (KD), Senior Special Assistant to the Lagos State Governor on Lagos State Signage and Advertisement (LASAA), who spoke about leveraging innovation and strategic branding for financial success, and Hon. Lijirin Ruth Ayomide, the Senioe Special Assistant to the Governor of Lagos State on Civic Engagement, who passionately highlighted the role of civic engagement in fostering wealth creation and community development.
Complementing these dignitaries were a stellar lineup of speakers, including industry experts such as Adeniyi Bamgboye and Sarah Amana, as well as thought leaders like Ellie Diop and Kelvin Weems, alongside hosts, Tomitope Akinsemoyin and Sheneya Wilson. Together, they addressed a wide range of topics, from financial literacy and entrepreneurship to innovative tools for wealth management.
*Practical Lessons and Actionable Insights*
Attendees left with a wealth of actionable takeaways. The speakers broke down complex financial concepts into relatable strategies, encouraging participants to:
– Cultivate a mindset of financial discipline and smart investment.
– Explore entrepreneurial ventures that align with their passions and skills.
– Utilize technology and innovative tools to optimize earnings.
– Recognize the value of collaboration and community-driven initiatives for wealth-building.
Interactive sessions allowed attendees to engage directly with the speakers, creating an atmosphere of dialogue and shared learning.
*A Platform for Networking and Collaboration*
Beyond the lectures and panel discussions, the event served as a hub for meaningful connections. Participants had the opportunity to network with like-minded individuals, industry leaders, and policymakers, building relationships that could lead to future collaborations. Many described the event as not just an educational experience but a catalyst for new opportunities and partnerships.
*Anticipation Builds for Abuja Session*
With the Lagos session hailed as a success, excitement is mounting for the second leg of FOLAFINCON Nigeria ’24, which is scheduled to take place on December 9, 2024, in Abuja. The upcoming session is expected to replicate and even build upon the impact of the Lagos event, offering more participants a chance to benefit from the expertise of the distinguished speakers and facilitators.
FOLAFINCON Nigeria ’24 has solidified its position as a leading initiative for financial education and empowerment. By creating a platform for learning, networking, and collaboration, the event continues to inspire Nigerians to take charge of their financial futures.
For updates on the Abuja session and future editions, visit FOLAFinCon.com or follow the conversation online using the hashtag #FOLAFINCON2024.
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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