Business
‘Governor Fayose is funding IPOB’ – APC
On the day the federal government accused disgruntled politicians of sponsoring the separatist group, IPOB, the All Progressives Congress, APC, in Ekiti State has accused the state governor, Ayodele Fayose, of funding the group and its leader, Nnamdi Kanu.
The party accused Mr. Fayose, a vocal critic of the Muhammadu Buhari federal administration, of plotting to destabilise Nigeria.
The party also said that the governor’s counsel in a press release on Saturday urging dialogue to resolve the Biafran crisis was an afterthought.
The Publicity Secretary of the party in the state, Taiwo Olatunbosun, said in a statement on Sunday that the Nigerian Army was performing its constitutional role of preserving the unity of Nigeria and bringing all secessionists and their backers to justice.
Mr. Fayose had urged the federal government to embrace dialogue in the resolution of the Biafran agitation after the Nigerian military declared IPOB a terrorist organisation.
He had earlier accused the government and the military of ethnic cleansing in their handling of the Biafran agitation.
Mr. Olatunbosun said the governor’s actions and utterances had shown that he was “solidly behind any activity that will bring Nigeria down.”
“On April 26 and as published by The Nigerian Tribune Newspaper and its online publication on April 27, 2017, Fayose said he was working in conjunction with Deputy Senate President, Ike Ekweremadu, to raise funds for Kanu, stressing that he was taking his support for Kanu beyond showing solidarity in court by raising funds that would be deposited in an account opened in Kanu’s name,” Mr. Olatunbosun alleged.
He quoted the governor as saying that, “as many lawyers willing to fight the oppression should join the struggle for liberation from the oppression,” alleging that Mr. Fayose was not new to seditious and treasonable activities to bring Nigeria down.
“He led a campaign to the Chinese Embassy in Abuja and later to Shanghai, the Chinese capital, to urge the Chinese government not to lend hands in helping Nigeria out of recession,” continued Mr. Olatunbosun.
“Relentlessly, he led hate campaigns against the symbol of the Nigerian authority, President Muhammadu Buhari, wishing him dead, including hounding and haunting the President across the world, including on his sick bed, and threatening to expose the President on a life-support machine, all these in spite of swearing to uphold the Constitution of the Federal Republic of Nigeria and to be loyal to the Nigerian state and her President.
“He went further as reported in the media on May 25, 2017 that ‘Ekiti State is now part of Biafra’, which drew the ire of several Yoruba groups as reported in the media.
“Not done, while Nigerians and indeed the country’s leaders were celebrating Nigeria’s exit from recession, Fayose was the only governor across the country who dismissed the celebration as a ruse, maintaining that Nigeria was still in a deep economic mess even though in his state, he is the biggest stumbling block to the survival of Ekiti people by diverting all loans he took to pay workers salary to needless projects contracts awarded to his friends’ companies in which he allegedly has interest.”
Mr. Olatunbosun further alleged that Mr. Fayose demonstrated the seriousness of his support for the collapse of Nigeria when he released his telephone number 070300000393 and email: [email protected] as reported in the media on April 27, 2017, urging all that were interested in the Biafra cause to contact him through the phone number and email address.
“All the South-east governors, including the Deputy Senate President Ike Ekweremadu, have opposed Kanu in his secessionist activities while Governor Nyesom Wike of Rivers State has warned Kanu and IPOB to stay away from Rivers; but Fayose declared Ekiti State as part of Biafra and that has confirmed the report that he is part of Biafra’s financiers as he had publicly declared to the media,” said Mr. Olatunbosun.
“No wonder, just four months after Fayose started mobilising funds for Biafra, thousands of deadly weapons, including military assault rifles, were smuggled into the country but were intercepted by the Nigerian Customs while it was also discovered that uniformed Biafran militants already have military training camps where they are planning deadly assaults against Nigeria after threatening her leaders.
“We had earlier alerted the security agencies to the presence of armed gangs and stockpiling of arms in the Ekiti State Government House and his present activities in raising funds for Kanu only confirm that he is part of rebellion against the Nigerian state.
“We have always insisted that Fayose is a threat to the Nigeria’s unity and the economic survival of her people.”
The APC spokesman urged security agencies and Interpol to investigate Mr. Fayose in his support for funding IPOB with “the latest influx of military assault rifles into the country.”
“His support for Kanu in funds mobilisation for his treasonable act and the activities of Fayose’s media men in promoting the Biafran cause only point to one agenda to destabilise Nigeria and that has proved us right that Fayose has no agenda than the destabilisation of Nigeria to enable him escape all illegal and criminal activities linked to him in recent past,” he added.
But Mr. Fayose has described the allegation as baseless, saying his support for the group did not translate into funding of the IPOB.
His Chief Press Secretary, Idowu Adelusi, who spoke on his behalf, told PREMIUM TIMES on Sunday that the APC allegation was an attempt to “cover up the federal government’s torture and killing of the Igbo people.”
He said the governor had the right to express his support for any group, including the IPOB, arguing that the travails of the Igbo people should be the concern of all Nigerians.
“The attack by the military on the IPOB should be a concern for all Nigerians,” he said. “The people are expressing their fundamental rights. Their demands are legitimate.”
He denied raising funds for the group, saying that it was the ploy of the APC and the government at the centre to defend their wrongdoings and silence any opposition.
“The agitation of the IPOB is as a result of bad governance by the present administration,” Mr. Adelusi said.
“If there was good governance, there would not have been any need for the agitations; there would not have been calls for restructuring by the Niger Delta agitators, Afenifere and other groups.”
Mr. Adelusi further reasoned that the proclamation of IPOB as terrorist organisation was uncalled for, given that far more dangerous groups like the Fulani herdsmen, who had been accused of killing, maiming and raping, had been treated lightly.
Business
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.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
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%
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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