Business
Lontor unveils music star, Patoranking as Brand Ambassador
Lontor unveils music star, Patoranking as Brand Ambassador
A Nigerian reggae-dancehall singer and songwriter, Patrick Okorie, popularly known as Patoranking, has been unveiled as the Brand Ambassador of Lontor products in Nigeria.
Okorie was unveiled as an ambassador of Lontor during the signing of the Memorandum of Understanding between the Nigerian singer and Choice International Group (CIG), the manufacturers of Lontor products on Monday in Victoria Island, Lagos.
The MoU between Patoranking and CIG is to drive e-commerce through entertainment.
Speaking during the signing of the MoU, the Chairman of Choice International Group, Chief Diana Chen, said the choice of Patoranking as Lontor’s brand ambassador was due to his huge fan base on social media platforms.
Chief Chen who was optimistic that the partnership would birth a new dawn for the Lontor brand, assured consumers of affordable and durable rechargeable products to meet the realities of the nation’s economy.
Chen said Patoranking had always been a consistent front runner in his career as a musician.
The CIG boss also restated the support of the organisation in supporting and investing in Nigeria’s creative industry.
Speaking at the MoU ceremony, Patoranking said his emergence as Lontor brand ambassador, would entail doing a lot of things targeted at youths as his music is about addressing issues that had to do with injustice and social vices, among other menace in the society.
Okorie said he is ready to work with the brand, which stands for quality, durability and greatness.
The renowned singer and dancer assured CIG that the new generation of youths in Nigeria would be captured in the marketing net to ensure increased visibility of the Lontor rechargeable products.
He advised youths and upcoming artists to shun drug abuse, corruption and other social vices capable of jeopardizing their contribution to national development.
Patoranking, who encouraged youths to follow the right direction in life, also called on them to be focused, persevere, hardworking and prayerful for them to excel in their career.
Some of the rechargeable products under the Lontor brand include Touch light, standing and hand fans and bulbs, among others.
Photos
Photos 1371, 1363, 1432: General Manager, Commercial & Group Head of Communication, Choice International Group, CIG, Jubril Arogundade (left); Chairman, Choice International, Chief Diana Chen (2nd Left); Lontor Brand Ambassador, Patoranking (middle); Managing Director, Lontor HI-Tech & CIG E-Home, Andrew Wei (2nd right) and Head of Legal, Lontor Hi-Tech, David Aloh during the official signing ceremony of Patoranking as brand Ambassador of Lontor Products, at the Choice International Building, Victoria Island, Lagos, on Monday, 30/10/2023.
Photo 1393: Chairman, Choice International, Chief Diana Chen (left); Lontor Brand Ambassador, Patoranking (right), behind them: General Manager, Commercial & Group Head of Communication, Choice International Group, CIG, Jubril Arogundade; Managing Director, Lontor HI-Tech & CIG E-Home, Andrew Wei (2nd right) and Head of Legal, Lontor Hi-Tech, David Aloh, during the official signing ceremony of Patoranking as brand Ambassador of Lontor Products, at the Choice International Building, Victoria Island, Lagos, on Monday, 30/10/2023.
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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