Business

‘God is angry with Buhari’ – Ekiti state Governor, Ayo Fayose

Published

10 years ago

March 23, 2016

Against the background of the violence that apparently characterized the rerun elections in Rivers State, Governor Ayo Fayose of Ekiti State has lashed out at president Mohammadu Buhari, saying that God is angry with him and that Nigerians should ask Buhari why they are suffering. According to the governor, the president superintended over elections that were remarkably bloody. The governor who spoke with Journalists in Abuja on Tuesday chronicled the lists of elections held under the present government, stating that power belonged to the God and and should not be abused by any individual no matter how highly placed. He said: “I am telling you the truth. Power doesn’t come from anywhere. God rules in the affairs of men. Oppressing, bringing and cutting people down, taking their blood, God is angry. The way this government is taking people down, God is angry. God isn’t happy. Go to Rivers, they kill people. “Go to Akwa Ibom, they kill people. Go to Bayelsa, they kill people, incarcerate innocent people. God is angry with Buhari. You can’t continue to take the blood of the innocent. Look at my predictions for the year 2016 for Nigeria, everything has come to pass. This is a different ball game. He that will take me, he that will go against me must first of all defeat God. If these were the kind of violence that greeted Buhari’s election would he ever be president?” Speaking further on the likely impact of the just concluded expanded retreat of the National Economic Council, NEC in Abuja, Governor Fayose stated that the present economic situations in the country indicated that president Buhari lacked technical competence to solve the problem of the country. Even though he specifically praised the idea, the governor wondered if it would not the just a talk shop. “We have had a lot of these things, we have been through such a gatherings but at the end of the day, will it not be the same old rhetorics, same strategies? Is it a diversion or diversionary move to make Nigerians think you are working on the economy because a government that has actually come, which was elected precisely a year now doesn’t know what they are doing, they don’t know what they want, they don’t know why they got there, maybe they wanted power and not to put Nigeria on the part of prosperity? “So it is a good Idea that we should talk about the economy of the country but I think the driver should know more than the passengers but they don’t know direction. They are now fishing. They are fishing for ideas to run Nigeria because they don’t know. “Again with all due respect, people won’t like the way I am saying it right now but they have to come to terms with reality; you can’t grow more than your pastor. You can’t grow more than your MD under the same roof. The president himself has very little capacity. He is limited by age. “He is limited by academic competence and he is limited by exposure. If you can’t grow more than your pastor what will you offer and everybody has to look up to the president. So with his family of APC, they ought to have had an economic team, economic master plan for Nigeria. “We should ask the president why are Nigerians suffering under him more than ever before. Look at the electricity tariff; in most cases they will never get the supply of electricity maybe once a month they will get what we call estimated bills. The people are so disenchanted, the people are not happy. There was this international body that said findings show that Nigerians are unhappy than ever before. Something must be causing all that. If you look at that last 6 elections around the federation, APC isn’t winning and it shows people are saying ‘have we not miss road?” “The fact remains that when the disease catches up with you, you will not know until the thing is about terminating the life of the person concerned. If you look at the violence greeting our elections now it will amaze you, it will give you concern. Even the words of Jonathan abused him, say what you want to say but he promised they will be free and fair election and he delivered it against himself. “Nigerians don’t know party, they know their stomach, they know their business, they know their economy. Let’s look back and imagine that so many middle class businesses are gone. Look at me having a daughter abroad and somebody says my daughter can’t get maintenance money in dollars abroad anymore. “Education of my children has come to a halt after building such a child to a level of year 3 in the university. This is an indicator of incompetence, a clueless administrator. Sometime a lot of agents in APC might have clues but the president doesn’t have clue, he has no clue. You see these things, people are afraid to say it”, he said.

Business

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Published

3 days ago

February 19, 2026

Sahara Weekly

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.

The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.

The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.

Bank

Alpha Morgan to Host 19th Economic Review Webinar

Published

5 days ago

February 18, 2026

Sahara Weekly

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.

Business

GTBank Launches Quick Airtime Loan at 2.95%

Published

6 days ago

February 17, 2026

Sahara Weekly

GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

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