Business
Group Offers TB Joshua 200 Acres of Land, begs him not to relocate to Isreal
An interest group, the Ondo for Truth has urged the Founder of the Synagogue Church for All Nations (SCOAN), Prophet Temitope Joshua to consider relocating the headquarters of his missionary from Lagos, the commercial capital of Nigeria to Ondo state, South West Nigeria. T.B. Joshua hails from Arigidi-Akoko in Akoko North East Area of Ondo state, NAIJ.com reports.
Addressing some selected news men in Akure on Friday, the National Coordinator of Ondo for Truth, Mr. Festus Aladesanmi advised T.B. Joshua to shelve the Idea of relocating SCOAN to Israel as being widely reported.
The group said instead of relocating SCOAN to a foreign land that is playing host to millions of Christian pilgrimages every year, T.B Joshua should relocate to the Akoko area of Ondo state. The group promised to facilitate the release of at least 200 acres of land in Akoko on a platter of gold to T.B Joshua if he could consider the offer. “We read in the national dailies that due to some reasons which we are yet to be told officially, that one of the golden sons of our state, Prophet T.B Joshua is considering relocating the headquarters of his Church from Lagos to Jerusalem in Israel. “While we respect the man of God’s rights to liberty and dignity, we however want to advise him to shelve the idea of relocating to a foreign land. One that is already congested by Christian pilgrims from all over the world. In the light of the foregoing, we hereby plead with him to relocate from Lagos to Ondo state, particularly, the Akoko axis where he hails from. “We want to say that we mean business. We have started talking to traditional rulers from the four local government areas in Akoko land to see if they can facilitate the release of at least 200 acres of land to T.B Joshua if he chose to relocate to Ondo state and they agree. In fact, they are all looking ahead for T.B Joshua to make the announcement of the relocation. Responding to questions on the major reasons the group was calling on T.B Joshua to relocate SCOAN to Ondo; Aladesanmi said the dwindling economy of Ondo state needs the Synagogue Church Of All Nations than any other Nigerian state or foreign country at the moment. “I say expressly that the unemployed youths of Ondo state needs SCOAN. Our Airport in Akure needs SCOAN. The market men and women need SCOAN. The hotel owners and other vital commercial enterprises in Ondo state need SCOAN. SCOAN’s presence is our metaphorical fish feeding the five thousand; The over five thousand direct and indirect jobs the Church’s presence can generate in Ondo state. ‘All of Supare to Akungba, Oka, Isua, Arigidi, Ikare, Okeagbe, Ogbagi, Irun and every other part of Akoko need T.B. Joshua. The Tourism industry of Ondo state needs SCOAN. Above all, the economy of Ondo state needs SCOAN than any other state of the federation or any country of the world.” the group said. PAY
TV Prophet Temitope Joshua, fondly called T.B. Joshua by the general public, reportedly told his congregation few weeks ago that he would be relocating the headquarters of his mission from Lagos, Nigeria to Jerusalem in Israel due to some lingering issues which he did not disclose. The church headquarters is currently situated at Ikotun in Alimosho Local Government Area of Lagos State. Aside providing jobs opportunity for the people, 80% of hotel owners in Ikotun, Egbeda and Idimu areas of Lagos rely solely on patronage from worshipers, mostly foreigners at T.B. Joshua’s church. SCOAN, according to the Lagos state Chapter of the Association of Hotel Owners of Nigeria, is responsible for 60% of every foreign tourist that visits Nigeria and 65% of income accrued to Lagos State Government through tourism per annum. These tourists do visit Nigeria seeking for spiritual/divine healing from T.B. Joshua. The Prophet is known for healing people from all sorts of terminal diseases which the best medical centres across the globe could not treat. Numerous people have also been delivered from spiritual bondage by T.B. Joshua thereby turning his church to a tourist centre. In 2015, the church hotel situated within the church premises collapsed leading to the deaths of 200 people, most of whom were South Africans. NAIJ.com had recently reported that Prophet T.B Joshua of the Synagogue Church of All Nation, SCAON, revealed the reason for his church’s growth despite negative speculation about his church. According to him, haters have helped his Ministry grow in the last 30 years.
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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