Business
LIFANIMA Gets Lagos State Endorsement, Receives 1000 Entries
The Lagos International Festival of Animation, LIFANIMA has received the endorsement of the Lagos State Ministry of Tourism and Culture. The State further pledged the collaboration of its agency, The Lagos State Films and Video Censors Board. This was conveyed in a letter signed by the Executive Secretary of the Board, Mrs Bukola Agbaminoja. According to her, the endorsement is based on the festival’s strategic intent to:
- To promote the rapid development of the Animation industry in Nigeria and across Africa
- To improve the movie industry through increased inclusion of animation content
- To provide a platform for the promotion of local animators and development of the quality of animation
- To expose animators to the latest technologies in animation hardware and software
In its 5th year, LIFANIMA has been working for the promotion and development of the Animation Industry in Lagos State, Nigeria and across Africa.
The submissions for the 5th edition of the Lagos International Festival of Animation, LIFANIMA closed on the 30th of September 2021 with 1,105 entries from more than 100 countries, including 17 African countries. The festival has also introduced a new category for submissions, the STOP MOTION ANIMATION CATEGORY. Prior to now, the festival had four categories, namely 2D ANIMATION SHORT, 3D ANIMATION SHORT, ANIMATION COMMERCIAL and VISUAL EFFECTS.
For the current year, the festival received the highest number of entries in the 2D ANIMATION category, which recorded 676 entries, while the newly introduced category, STOP MOTION ANIMATION pulled 240 entries.
“Last year we had to do a virtual festival due to the pandemic but this year we are excited at the possibility of having an onsite festival. We are also happy at the rapid growth of LIFANIMA into what is today one of the top two animation film festivals in Africa. We are even more excited at what this means for the African film industry. LIFANIMA is bringing African animators together and we are poised to see greater collaboration that will culminate in the successful production of proudly African animation features that tell the African story” Says Muyiwa Kayode, Festival Director, who is also the creator and Executive Producer of the multiple award-winning animation series Turtle Taido.
LIFANIMA is scheduled to hold on November 11th and 12th at Freedom Park, Lagos.
LIFANIMA has the objectives to promote the rapid development of the animation industry in Nigeria and across Africa; to improve the movie industry through increased inclusion of animation content; to provide a platform for the promotion of local animators and development of the quality of animation and to expose animators to the latest technologies in animation hardware and software.
The Animation specific film festival was founded by Muyiwa Kayode in 2017 to promote the Animation genre and support its practitioners in the continent. Over the years, it has seen a steady increase in submission of films across the categories of 2D, 3D animation, animation commercials and visual effects. The 2019 edition received over 400 films from more than 70 countries in the continent and Diaspora while last year, more than 900 entries were submitted for the festival.
The festival will feature Screening of Selected Works, Award Presentation, Networking and Entertainment, and will attract Animators; local and foreign, Film makers, Investors, Financial Institutions, Advertising agencies, Musical Video Producers, Media Practitioners, Digital Marketing professionals, Government agencies, Information Technology companies/manufacturers and the public.
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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