Business
FUJI MUSICIANS, MAJOR PROMOTERS OF NIGERIA’S CULTURAL VALUES – Paseda
-Supports FUNMAN Ogun State with N250, 000
– Promise to Build a Secretariat for FUMAN if elected as Governor come 2019
– Shocks FUMAN members with music expression as a lover of music
The Founder, Paseda Legacy Foundation and Ogun State gubernatorial candidate of the Unity Party of Nigeria (UPN) in the 2015 Governorship election, Otunba Rotimi Paseda has described Fuji Musicians in Nigeria as the major promoters of the cultural values in the country.
Otunba Paseda while speaking at the inauguration of the newly elected officers of the Fuji Musicians Association of Nigeria (FUMAN) in Abeokuta, the Ogun State capital said without the efforts of Fuji musicians, the cultural norms of the country, particularly the Yorubaland would have gone moribund.
The business mogul lamented the neglect of the association by the state government, stressing that Fuji artistes as major stakeholders should be entrusted with the cultural values of the state tourism sector.
Paseda however commended the leadership of the FUMAN under the leadership of Adeyinka Adio Taofik for fraternising with every stakeholders for the progress of the association.
He said “Permit me to congratulate the newly sworn-in executive of Fuji Musicians in Ogun State on this giant steps to cater for the welfare of your members. Let me put it on record that, I have no doubt in the steadfastness of this current leadership, because since voted into office, the FUMAN Governor and other executives have been fraternising with every stakeholders for the progress of this noble association”
Paseda said his foundation, Paseda Legacy Foundation would continue to partner with the body in order to form a workable synergy that would benefit the good people of Ogun State.
“Fuji Music has come to stay in Nigeria, and I make bold to say that, without the effort of the Fuji artistes in Nigeria, our norms and culture would have gone moribund. In Nigeria, Ogun State Fuji Artistes have remained first at the fore front of promoting the nation’s cultural heritage.
“But it is disheartening that, the present administration in Ogun State did not recognize your role as a key stakeholder who should be entrust with the cultural values of the state tourism sector”
“The relentless efforts of our sons in Ogun State which include, King of Fuji Music and originator of classical Fuji music, King Wasiu Ayinde Marshal, our own Sefiu Alao formerly JJC Omo oko, now Baba Oko, the King of New generation, Alayeluwa Alao Malaika and king of Bonsue Fuji, Adewale Ayuba. We appreciate their commitment for sustaining the tempo”.
Paseda also encouraged all the upcoming artistes not to relent in their efforts, stressing “the limelight is awaiting them”.
He declared that if he emerged as the Governor of the State in 2019, his administration would construct the first Fuji house for the body as their Secretariat.
“Finally, as partner in progress, I want to assure FUMAN, Ogun Chapter that come 2019 by the divine grace of God, if elected as Governor of Ogun state, I shall build you a well furnished Fuji House that will become your secretariat” .
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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