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New WEF African Global Leaders to Get Aliko Dangote Fellowship

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SIX YEARS ON: DANGOTE IS STILL THE “MOST ADMIRED BRAND” IN AFRICA

New WEF African Global Leaders to Get Aliko Dangote Fellowship


Eleven young enterprising Africans, among them two Nigerians, who have been named Young Global Leaders (YGL) by the World Economic Forum (WEF) for 2021, are to benefit from the Aliko Dangote Fellowship endowed to support African Young Global Leaders.


The beneficiaries are among 112 persons under 40 years of age, selected as Young Global Leaders by WEF, from across 56 countries.


The two Nigerians, Dr. Abasi Ene-Obong, founder, 54gene and Obi Ozor, the founder of Kobo360, joined the ranks of past Nigerian winners, Ambassador Debo Adesina, former Editor-in Chief of the Guardian Newspapers and current Nigerian Ambassador to Togo, and Mr. Simon Kolawole, CEO of Cable Newspapers Ltd.


While announcing the winners, the WEF confirmed that the African YGLs will benefit from the Aliko Dangote Fellowship, made possible by the Aliko Dangote Foundation (ADF). Till date, 73 Young Leaders from Africa have benefitted from the fellowship.


The aim of the fellowship is to increase the quality and quantity of young African leaders by supporting the engagement of African YGLs in the community, such as those from small enterprises or the non-business sector. The fellowship, WEF added, supports YGLs from Africa to participate in global YGL and Forum events.


The YGL award, according to WEF, “is to recognise and create a platform for a dynamic community of exceptional people with the vision, courage, and influence to drive positive change in the world.”


“We are excited to welcome 112 Young Global Leaders for the Class of 2021. From a gender justice and human rights activist to a multi-award winning artist and advocate for indigenous literacy, to a celebrated leader from the world’s youngest country as well as leaders from business, civil society, healthcare and government.” 


Giving a breakdown analysis of the winners, the WEF said among the 56 countries represented in the award, eleven leaders hail from Africa and their work brings the promise of a brighter outlook at a difficult time. “They join a group of Nobel Prize recipients, Pulitzer winners, Heads of state and chief executive officers committed to improving the state of the world”, it noted.


Chief Executive of Aliko Dangote Foundation (ADF), Zouera Youssoufou, congratulated Ene-Obong and Ozor for this accomplishment and urged them to continue raising the Nigerian and African flags.


She said ADF was pleased to have worked with 54gene and Kobo360 at the peak of the COVID-19 pandemic in 2020, when CACOVID partnered various organisations for collaborative efforts to complement the government’s intervention to fight the pandemic.


“We are very pleased to see Dr. Abasi Ene-Obong and Obi Ozor recognised in this way given the remarkable work they and their young team have been able to accomplish recently and especially in this past year. 54Gene and Kobo360, have been integral part of the national rapid response to the COVID-19 pandemic displaying exemplary professionalism, efficiency, dedication, and patriotism. Truly inspirational and further proof that Nigerian and African youth are capable of anything given the right opportunities”, Zouera enthused.


Many of the past winners have gone ahead to prove their leadership and enterprising ability in their various fields of endeavour to justify the essence of the award and the genuineness of their nomination.


A past recipient, Ambassador Debo Adesina said, “I am delighted to have two more Nigerians on the Young Global Leaders list of the World Economic Forum. This is a great honour and I trust that my compatriots appreciate the responsibility this laurel carries as well as the duties that come with it. Of course, it is a recognition that challenges them to be better at whatever they do, given the illustrious cast of honourees before them.


“In my 2005/2006 class of YGLs were accomplished young men and women who, afterward, went to greater heights by expanding the frontiers of excellence in public service, academia, the professions, innovations and all sorts of fields. I was inducted on the same day with Daron Acemoglu, the cerebral economist-academic who co-wrote the best-selling book, ‘Why Nations are Poor,’ Sergei Brin and Larry Page who both founded Google, Ndidi Nwuneli of LEAP Africa, Brian Molefe in South Africa and Prince Harkon of Norway. Gavin Newsom was Mayor of San Francisco then. He went on to be Lieutenant Governor and is now Governor of the State of California in the USA. There were many more across the world in that class and in the years after who are still working hard to make our world a better place. I welcome the new inductees and urge them to keep the light shining for all.


“There is, indeed, no better time than now for all young men and women all over the world, especially these awardees, to commit themselves anew to the goal of charting a clear course of service to humanity and be veritable tools for global development.


Another recipient in 2012, Mr. Simon Kolawole while reacting to the latest list expressed happiness that more Nigerians are being recognised at the international level for good reason.


He stated; “I had a most rewarding experience as a Young Global Leader (YGL) in every sense of it. I gained incredible knowledge from attending short courses at topmost universities and participating in conferences. I interacted with YGLs from diverse cultures and professional backgrounds. The entire experience has helped in shaping my professional career.


To underscore his nomination, WEF said Dr. Abasi Ene-Obong, Chief Executive Officer and Founder, 54gene, has quietly been making waves at the head of one of Africa’s foremost health technology companies, working in the field of gene technology. 54gene was created in 2019 and its stated mission is to understand the genetic factors that lead to disease in Africa.

The African genome has been understudied and misunderstood, according to 54gene, which addresses a vital gap in research and new healthcare solutions. 54gene’s work is included in Time Magazine’s list of the 12 innovations that will change healthcare in 2020.


Ene-Obong was also listed as one of the 30 most innovative entrepreneurs on the African continent in 2019 by Quartz Africa. Prior to 54gene, he worked in a range of pharmaceutical companies and research organisations. He gained a doctorate from the University of London, holding a PhD in Cancer Biology. He also has a Master’s in human molecular genetics from Imperial College London and a Master’s in Business Management from Claremont Colleges, California. As Africa starts punching its weight in science and technology, Ene-Obong is sure to lead the charge for gene-based innovation.


On his own part, Kobo360 floated by Obi Ozor, is a logistic technology company that aggregates end-to-end haulage operations to help cargo owners, truck owners, drivers, and cargo recipients to achieve an efficient supply chain framework.


With only a click of a button, cargo owners can simply request for any truck of their choice and have their goods picked up and delivered to the required location through an all-in-one robust logistics ecosystem. Kobo360 raised $30 million USD in 2019, backed by Goldman Sachs, an impressive feat for a startup.


It would be recalled that the Forum of Young Global Leaders was founded in 2005 by Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, to create a world where leaders take responsibility for a sustainable future while meeting increasingly complex and interrelated challenges. There are 1,400 members and alumni from more than 120 countries till date.

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

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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

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Alpha Morgan to Host 19th Economic Review Webinar

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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.

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GTBank Launches Quick Airtime Loan at 2.95%

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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

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