Business
ILÉ IYÁN NIGERIA EMPOWERS UNIVERSITY OF LAGOS STUDENTS WITH ACADEMIC SCHOLARSHIPS
*ILÉ IYÁN NIGERIA EMPOWERS UNIVERSITY OF LAGOS STUDENTS WITH ACADEMIC SCHOLARSHIPS
ILÉ IYÁN, the renowned Nigerian restaurant known for its celebration and promotion of the Nigerian African culture through serving authentic Nigerian cuisine, proudly announces its collaboration with Madam Tinubu Hall, University of Lagos to host a cooking competition aimed at promoting culinary excellence and supporting higher education among Nigerian youth.
The Event took place at the University of Lagos on Wednesday the 26th June, 2024. The cooking competition showcased the culinary talents of students from the University of Lagos. The Participants competed preparing traditional Nigerian dishes, judged by a panel of esteemed chefs and culinary experts.
In an innovative move to foster education and reward talent, ILÉ IYÁN Nigeria awarded scholarships to the outstanding participants; Winner Ms. Kenneth Mary Anuoluwapo who won Academic Scholarship plus cash prize, 1st runner up Ezeanowi Maryjane won Academic Scholarship and 2nd runner up Nwachukwu Kamsi Adaobi won cash prize. These scholarships underscore ILÉ IYÁN’s commitment to nurturing the next generation of culinary leaders and supporting educational opportunities in Nigeria. This will enable the participants /winners to pursue their academic ambitions at the University of Lagos.
“This competition is not just about cooking; it’s about recognizing and nurturing talent,” “We believe in the potential of the Nigerian youth and we are excited to support their educational journey through this initiative.” This is also where I started my journey as a Restauranteur and Entrepreneur 15 years ago said the Founder/CEO of ILÉ IYÁN Nigeria, Mr Sanni Sheriff who’s also an Alumnus of The University of Lagos. The Award was presented by the ILÉ IYÁN Team led by Mr Sanni Afeez also in attendance Ms Paulina Legba.
ILÉ IYÁN invites the public to join in celebrating the rich culinary heritage of Nigeria and the academic achievements of its youth at this prestigious event. The competition was a vibrant display of creativity and skill, showcasing the diverse flavors and traditions that define Nigerian cuisine.
About ILÉ IYÁN
ILÉ IYÁN also known as “Home of Pounded Yam “ is a Nigerian African Restaurant that offers original Nigerian African dishes made using traditional cooking techniques to produce dishes with original African flavors. The brand is positioned as the pride of Nigeria as we promote the tourism and beautiful culture in Nigeria through our cuisine.
ILÉ IYÁN immerses patrons in a sensory journey that through Nigeria’s diverse traditions. The restaurant’s interior, adorned with authentic artifacts and traditional motifs, creates an ambiance that transports diners to different regions of the country. The staff, dressed in traditional attire, adds an extra layer of authenticity to the experience.
Culinary offerings at ILÉ IYÁN showcase the country’s diverse culinary heritage, featuring a carefully curated menu that highlights delicacies from various ethnic groups. From our flavourful soups to the succulent pounded yam to village rice, each dish is a culinary masterpiece, meticulously prepared to capture the essence of Nigerian flavors.
OUR VISION: To be the biggest African restaurant brand selling the authentic Nigerian African culture across the globe.
OUR MISSION: is to promote and preserve Nigeria’s rich cultural heritage and diversity through our delicious Nigerian cuisine.
To bridge the cultural gap between the several generations of Nigerians living home and abroad .
VALUES:
In terms of tourism, ILÉ IYÁN becoming a must-visit destination for both domestic and international travelers seeking an authentic Nigerian experience.
Our popularity will not only boost local tourism but also contribute to changing perceptions about Nigeria, showcasing the country’s cultural richness and hospitality.
As ILÉ IYÁN continues to flourish, we will serve as a beacon of cultural pride, fostering a sense of unity and appreciation for Nigeria’s diverse heritage. Our restaurant stands as a shining example of how a traditional-themed establishment can be a catalyst for cultural preservation, community engagement, and tourism promotion in the heart of Lagos. Nigeria
For ILÉ IYÁN dining experience and food delivery kindly visit or contact
📍ILÉ IYÁN LEKKI
Plot 6 Dr Muiz Banire Street Lekki phase 1 . Same street with Imax Film house Cinema.
The street is off Bisola Durosinmi Street Lekki Phase 1
For online orders kindly call 09024475402
For media inquiries, please contact:
Follow ILÉ IYÁN on Social Media: please visit follow us on social media
Instagram: @ileiyan_ng
Facebook: ILÉ IYÁN NG
Twitter: @ileiyan_ng
www.ileiyan.ng
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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