Business
Guinness Nigeria Provides Water And Sanitation Facilities For Over 20,000 People In Gwam, Bauchi State
In a renewed bid to deepen health and sanitation practices, Nigeria’s only total alcohol beverage company, Guinness Nigeria Plc and WaterAid Nigeria have partnered to construct two solar- powered water facilities in Gwam, Ningi Local Government Area of Bauchi state.
The Guinness Nigeria/WaterAid Gwam water facility, which was formally unveiled at a colourful ceremony, is one of two major water schemes which the brewing giant has delivered this year in collaboration with its international Non Governmental Organization partners, and the 34th site for the Guinness Nigeria, Water of Life initiative in Nigeria. The Gwam water scheme – which comprises two solar-powered boreholes and two blocks of toilets – will benefit about 20,000 people.
Guinness Nigeria’s Corporate Relations Director, Mr. Sesan Sobowale used the occasion to reiterate the company’s commitment to initiatives that improve access to safe water. In his remarks, he noted that Guinness Nigeria will continue to play a leading role to promote water stewardship in Nigeria while thanking Water Aid for its transformational work in promoting health and hygiene in the country.
“Diageo’s water blueprint articulates the role we will play as a business to tackle a wide range of water-related issues both in Nigeria and globally. In furtherance of this blueprint, Guinness Nigeria has prioritized interventions that improve access to safe water especially in communities that face acute water scarcity. We have also invested in technologies that help us manage our water use. The construction of the Gwam water scheme is in furtherance of our efforts to help more Nigerians access clean drinking water. Our hope is that by improving access to clean water, we can help people in Gwam community improve their hygiene and overall wellbeing,” Sobowale said.
Also speaking at the commissioning ceremony, the Commissioner for Water Resources, Bauchi state, Alhaji Mohammed Ghali Abdulhameed expressed the state government’s gratitude over the newly constructed water scheme. He also observed that the water facility will support the state government’s drive to improve health and hygiene for Bauchi state citizens “this intervention is indeed timely and commendable. Water is an absolutely essential resource that is vital for the health and wellbeing of our citizens. We, the people of Bauchi state, are therefore delighted that Guinness Nigeria and Water Aid have joined forces to improve access to safe water in our state. We are immensely grateful for this intervention” he said.
In her remarks at the event, WaterAid’s International Chief Executive, Ms. Barbara Frost underscored WaterAid’s vision to help create a world where everyone, everywhere has access to safe water, sanitation and hygiene. She said: “It is great to see that the Bauchi state government, Guinness Nigeria and WaterAid are working collaboratively to tackle the challenge of water scarcity in Bauchi state. I would like to thank the government of Bauchi state for creating a conducive environment that has enabled WaterAid to implement its programmes in the state. WaterAid will continue to partner various stakeholders in Nigeria to transform lives by improving access to safe water, hygiene and sanitation”.
It would be recalled that last year, Guinness had executed similar water projects in the Adigbe area of Ogun state and in 10 communities across three local government areas of Cross River State. In February this year, Guinness Nigeria announced that in furtherance its flagship, ‘Water of Life’ scheme, it would be partnering with WaterAid Nigeria and Oxfam, two leading international NGOs, to improve access to safe water in Nigerian communities that face severe water scarcity.
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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