Business
‘I didn’t blast Pastor Adeboye for commending Fayose’ – APC Ekiti Chairman debunks rumours
The Chairman of Ekiti chapter of All Progressives Congress (APC) Olajide Awe, has denied report circulating online in which he was reported to have denigrated the General Overseer of the Redeemed Christian of God, Pastor Enoch Adeboye over the comments made by the cleric during his visit to Governor Ayodele Fayose over the weekend.
The APC Chairman in a statement on Monday said he did not speak or issue any statement condemning commendations given to the State Governor by the RCCG General Overseer described the stories circulating in the social media as deliberate lie as APC would never dabble into any controversial issue involving religious leaders.
It would be recalled that Awe was reported to have frowned at the comment made by Adeboye commending Gov Fayose, for what he called the governor’s courage and willingness to defend his people and the cause of the common man in the country.
Awe was alleged to have said Fayose could have bribed Adeboye with huge amount of money to get such endorsement.
However, Awe said the report is one of the fictitious stories in the name of APC leaders put in the media space by the State government in order to put the opposition in a bad light.
“On many occasions, stories allegedly written by APC either denigrating its own leaders or painting the party in bad light to turn Nigerians against it had been traced to a notorious liar that shares lack of integrity with his boss purporting that APC issued such press releases that never emanated from our party.
“Taiwo Olatunbosun is our party’s Publicity Secretary who always signs all the press releases by any official of our great party, but in this instance, the writer of the purported press release alleged that I wrote to condemn Pastor Adeboye for doing his reverred pastoral job in Ekiti State.
“In recent times, press releases either attacking APC leaders, President Muhammadu Buhari or his wife purporting to be written by APC had found their way to the social media.
“At a time, Fayose’s so-called media man, who has no certificate to back up his purported professional calling in journalism and who never worked in any media organisation all his life, once conducted an interview with himself with denigrating comments on Ekiti people as perpetually hungry people and ascribed the interview to Erelu Bisi Fayemi at the time the woman was far away from Nigeria for almost a month without any contact with Nigerian journalists.
“In each of the cases, Fayose’s media men, who neither have record of integrity nor professionalism, have been found to be behind these lies to set Nigerians against Ekiti APC leaders.
“Fayose and his media aide, Lere Olayinka, are known for guerilla journalism in its hit and run tactics, but Nigerians are no fools, as they understand their lack of depth and professionalism in the practice of journalism.
“We all know that Fayose has no respect for integrity, the same tradition inherent in his media aides’ conduct, but we counsel that Fayose should not drag Pastor Adeboye into Ekiti political ring, as the man cannot allow his integrity to be dragged into the mud where Fayose is king.”
Awe urged Nigerians to see the purported media statement by him as “another story from the propaganda machine of the colony of crooks who found their ways to the seat of power through criminal manipulation of electoral process to earn undeserved victory”.
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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