Business
Lagos NUJ Honours Dangote as highest private employer in Nigeria
Lagos NUJ Honours Dangote as highest private employer in Nigeria
… commends Group for critical infrastructure provision
It was a night of accolades for Africa’s foremost business conglomerate, Dangote Industries Limited, (DIL), as journalists in Lagos State conferred an award of excellence on the Group for its outstanding contributions to the economic development of Nigeria and Africa in general.
The award, according to the journalists, was because of Dangote’s aggressive employment generation drive, which has seen thousands of able youths, gainfully employed in the Group as well as the commitment to provision of critical infrastructure.
This award presentation was during the Gala/Awards Nite marking the end of the 2023 Press Week of the Nigeria Union of Journalists (NUJ) Lagos State Council, where some corporate organisations and certain individuals were also recognised for their contributions to society.
The NUJ award for Dangote Group came barely a week after the conglomerate emerged as Nigeria’s Most Valuable Brand for the sixth consecutive year, an achievement that was announced by the brand and marketing firm, TOP 50 BRANDS NIGERIA, as part of its comprehensive 2023 Top Brands perception assessment.
Dangote Cement Plc, a subsidiary of DIL, is the leading producer of Cement in the country and employs more than 65,000 direct workers and over 100,000 indirect workers, across all its Plants.
The journalists specifically lauded Dangote Group over the leading roles played by the Company regarding backward integration in the cement and sugar industries with continuous expansion of its operations, both within and outside the country, which has transformed the nation from being import-dependent to self-sufficiency and thereby creating the much-needed jobs for the employable youths.
Chairman of Lagos State Council of NUJ, Mr. Adeleye Ajayi, in his address of welcome said the Council set aside the Gala Nite as an occasion for his Council administration to reflect on its major landmarks, roll out the drums, and celebrate excellence by recognising those individuals and organisations who have made the journey eventful for the Council over the year.
As parts of the landmarks recorded in the last three years, the Council boss enumerated some of the achievements including the successful completion of the building of the new Council secretariat complex, training of journalists, and allocation of lands to the subscribers to the Council estate project at Abaren in Ogun state.
Mr. Ajayi also disclosed that the Council was almost completing the process of establishing a community radio station for the Council, adding that the NUJ is awaiting the issuance of a radio license by the Nigeria Broadcasting Commission (NBC).
Of note, according to him, is the renaming of the popular NUJ Light House in Victoria Island to Lateef Kayode Jakande (LKJ) House in honour of one of the founding fathers of Journalism in Nigeria and former governor of Lagos state who passed on recently.
Giving a goodwill message, an accomplished award-winning Journalist, now the Queen of Apomu-land, Her Majesty Olori Janet Afolabi, commended the Ajayi-led administration for its achievements so far and urged it not to rest on its oars.
She decried the plight of media practitioners in the present-day economic crunch and insecurity but charged them not to succumb to the temptation of sacrificing the ethics of the profession.
Describing the roles of journalists in society as indispensable, the Olori advised Journalists to report more on the happenings at the grassroots as many people at that level are suffering and their plight needs to be reported to elicit positive response from appropriate quarters.
In the category of awards for organisation were the Dangote Group, Airtel Networks Nigeria Limited, and Nigerian Breweries Plc., while individuals conferred with awards included Senator Mukhail Abiru, of Lagos East senatorial district, Adewale Adedeji, of Ifako-Ijaiye Constituency 01, Lagos State House of Assembly and Mr. Fola Adeyemi, former Permanent Secretary, Ministry of Information and Strategy, Lagos State.
Other recipients were Mr. Kehinde Bamigbetan, former Commissioner for Information and Strategy, Lagos State, and Prof. Hussaini Ibrahim, Director General, Raw Materials Research and Development Council, RMRDC.
Speaking on behalf of Corporate Organisation award recipients, Mr. Francis Awowole-Browne of the Dangote Group said the corporate bodies cherished the award and it will serve as the required catalyst to continue to deliver goods and services that will ultimately transform the country’s economy.
He thanked the NUJ for the honour, describing the award as a call to better partnership with members of the pen profession in the task of building a better Nigeria that can hold its own in the comity of nations.
According to him: The Dangote Group has continued to garner global recognition through its expansion into other countries. These accomplishments, he said were a clear demonstration of the Group’s resolve to be the number one in Africa in meeting the needs of the people.
The event was attended by the South West leaders of the NUJ, ably led by the Vice President, B Zone, Mrs. Ronke Samo.
Other dignitaries in attendance included Deputy-Comptroller, Nigeria Customs Service, Haniel Hadison; General Manager, Radio Lagos/Eko FM, Mr. Jide Lawal; General Manager, Lagos Traffic Radio, Mr. Eyitayo Akanle; and Olori Adesola Kosoko, General Manager, Lagos Television, including Elders and Leaders of the Union amongst others.
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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