Business
IDPs pray for Indimi, Dangote, Atiku at Adamawa’s food distribution centres
Internally displaced persons in Adamawa State who received food and relief items in December put religious and sectarian differences aside to thank their benefactors and pray for them.
At Churches and Mosques in Jimeta-Yola, and at other distribution points in the seven Local Government Areas most hit by the insurgency, grateful IDPs offered prayers for the donors, as well as for the members of the Adamawa Peace Initiative, for continuously supplying the breadlines, even as governments and local NGOs battle to contain the humanitarian crisis in the northeast region of the country.
Medicines, blankets, vegetable oil, spaghetti, seasonings, salt, sugar, and rice that the IDPs received were bought with donations from three prominent philanthropists: Mohammed Indimi, Aliko Dangote, and AUN Founder, Atiku Abubakar.
The AUN founder has been a leader in supplying continuous financial support for the IDPs since the university’s involvement with their feeding more than a year ago.
At the St. Theresa Catholic Cathedral Church, Jimeta, where 15,500 families were served in three distributions, a Muslim woman, Amina Mamman, joined the Bishop of Yola Catholic Diocese, Stephen Mamza, in leading prayers for peace in Nigeria and in expressing appreciation to those who made the donations to support IDPs in the state.
Six hundred families received food and relief items at the Adamawa State headquarters of the Jamatu Nasril Islam, in Jimeta, on December 13, where JNI officials, Gambo Jika and Fadimatu Ahmad Marafa, led IDPs to offer prayers.
It was a similar story at the New Life Gospel Centre, Demsawo, Deeper Life Camp, and at other centres, where volunteers from the American University of Nigeria and Adamawa Peace Initiative distributed the food and relief items donated by Dangote Foundation.
IDPs and local officials took turns to thank the donors, the peacemakers, Governor Mohammed Jibrilla of Adamawa State, and the volunteers who had worked tirelessly to alleviate their suffering during the year.
All through December, the AUN-API Team supplied food, medicines and relief materials to over 163,500 households through local religious and community-based organizations in the state.
Humanitarian aid was also sent to IDPs who had relocated to their destroyed homes in the most insurgency-hit areas, through local contacts networking with AUN-API.
According to the Coordinator of Relief for AUN-API, Bello Abdullahi, supplies were sent to IDPs in Maiha, Mubi North and South, Hong, Gombi, Michika, and Madagali LGAs through trusted API members working in those areas who ensured effective and accountable distribution of relief materials.
Coordinator of the Madagali distribution and President of Kinjir Foundation, Saleh Kinjir, confirmed that over 552,000 households received supplies from the Adamawa Peacemakers since the crisis peaked in 2014 through local partners of AUN-API including Kinjir Foundation, JIBWIS, Upper Room Cathedral and the Adamawa Muslim Council.
The food and medicines sent to IDPs in the seven most affected Local Governments were procured with a N100million donation which came from oil and gas tycoon, Mohammed Indimi, and which was passed on to API by the Governor of Adamawa State, Mohammed Jibrilla, as well as funds given by former Nigerian Vice President, Atiku Abubakar.
On October 14, an AUN-API team led by Bishop Mamza, Imam Dauda Bello and AUN’s Head of Security, Dr. Lionel Rawlins, dispatched supplies in a military-backed convoy to most of the worst-hit areas accompanied by foreign and local journalists.
Meanwhile, AUN President, Dr. Margee Ensign, who chairs the API, said the organization has initiated numerous programmes in the community to benefit both indigenes and IDPs. “We have the all-year-long ‘Peace Through Sports’ program, two major income-generating projects for community women, and a new literacy program christened ‘Technology Enhanced Learning for All’.”
Under the literacy programme, funded by the US Government, 20, 000 vulnerable youth, including out-of-school children, displaced children, and those disadvantaged in schools who are not now learning how to read, will benefit.
“It has not been an easy year, or an easy Christmas, in this part of Nigeria,” she concluded. “But there has always been hope, there has always been remarkable generosity, and, as befitting this season, there has always been goodwill.”
Source: Premium Times
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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