Connect with us

Business

Journalist who exposed Politicians, Panama Papers dies in Car Bomb

Published

on

 

 

The Committee to Protect Journalists and the International Consortium of Investigative Journalists have called on authorities in Malta to swiftly ensure justice for Daphne Caruana Galizia, a prominent blogger killed today.

The car that Caruana Galizia was driving exploded near her house in Bidnija, in the north of the island, media reported.

Caruana Galizia, who reported on government corruption and the Panama Papers, told police two weeks ago that she had received death threats, according to Malta’s national broadcaster TVM, which did not provide further detail.

The journalist’s blog, Running Commentary, which included investigative reports and commentary on politicians, was one of the most widely read websites in Malta, according to reports.

“Daphne Caruana Galizia investigated wrongdoing in Malta’s political, business and criminal worlds,” said CPJ Deputy Executive Director Robert Mahoney. “The investigation into her murder therefore must be thorough, credible and timely.”

A forensic expert was cited in local media as saying that preliminary investigations suggest that explosives were not placed inside the car, and that a remote control could have been used to set the bomb off.

Malta’s Prime Minister Joseph Muscat announced that the FBI had agreed to assist local police in the investigation, according to Reuters.

Mr. Muscat condemned today’s attack, which he described as an “attack on press freedom.”

The Prime Minister added in a statement, “Everyone knows Ms. Caruana Galizia was a harsh critic of mine, both politically and personally but nobody can justify this barbaric act in any way.”

Caruana Galizia’s reports about Mr. Muscat’s alleged connection to the Panama Papers scandal forced him to call early elections in June 2017, after harsh criticism from members of the European Parliament.

The 53-year-old journalist alleged that Mr. Muscat and his wife were behind an offshore company that received over US$1 million in payments from a Dubai company allegedly owned by Leyla Aliyeva, a daughter of Azerbaijan President Ilham Aliyev. Mr. Muscat denied the allegations, according to reports.

Caruana Galizia’s last blog, which was critical of the country’s opposition party, was posted at 2:35 p.m. local time, just a few minutes before she left her house, according to local reports.

The journalist’s critical coverage led to several legal battles.

CPJ documented in February how a court ordered her bank accounts to be frozen until a verdict was reached in a libel case that two government officials had filed against her. CPJ was unable to determine the current status of the case.

Investigative journalists around the world have condemned the killing and called for thorough investigation.

Gerard Ryle, director of the International Consortium of Investigative Journalists (ICIJ), issued the statement below following the tragic news from Malta:

“The International Consortium of Investigative Journalists is shocked by the news of the death of Maltese investigative journalist Daphne Caruana Galizia.

“Caruana Galizia has been at the forefront of important investigations in the public interest and has exposed offshore dealings of prominent political figures in Malta.

“Caruana Galizia was the mother of ICIJ developer and data journalist Matthew Caruana Galizia.

 

“ICIJ condemns violence against journalists and is deeply concerned about freedom of the press in Malta.

“ICIJ calls upon the Maltese authorities to investigate the murder and bring the perpetrators to justice.

“ICIJ’s thoughts are with the Caruana Galizia family at this time.”

 

Business

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Published

on

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.

 

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Continue Reading

Bank

Alpha Morgan to Host 19th Economic Review Webinar

Published

on

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.

Continue Reading

Business

GTBank Launches Quick Airtime Loan at 2.95%

Published

on

GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

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

Continue Reading

Cover Of The Week

Trending