Business
Niger Delta Avengers names President Buhari in Ken Saro-Wiwa’s death
The Niger Delta Avengers has warned the President Muhammadu Buhari-led government against making “disparaging remarks” about the group.
The militia group in a letter released on Thursday said the President’s hands were “soiled deep in the blood of late writer and human rights activist, Ken Saro-Wiwa.”
NDA said it found it amazing that the President launched the Ogoni cleanup while soldiers of “Operation Delta Safe” were simultaneously burning petroleum products and constituting environmental pollution.
The letter reads in full:
“The High Command of the NIGER DELTA AVENGERS (NDA ) is constrained to write you Mr. President, General Muhammadu Buhari on your continuous disparaging remarks since the cessation and suspension of hostilities by our fighters for liberation of the Niger Delta from economic colonialism of Nigeria.
We are curious of comments like “Niger Delta militants’ objective is to colonize Nigeria economically”… “Niger Delta militants are sponsored by economic looters”… During the Passing Out Parade (POP) of the Nigerian Defence Academy (NDA) 63rd Regular Course, where you personally issued misleading statements and threats of decisive military action- if necessary, to deal with Niger Delta agitation because you have purportedly opened up channels of talks through security agencies/agents and the Multinational Corporations.
Mr. President, democratically elected governments open channels for talks in situations like we have in the Niger Delta through security agencies/agents, or you are assuming the Niger Delta as a conquered colony in your 1984 Era?
Mr President, you continue to emphasize on the charade you called “the flagged off process to the cleanup of Ogoni land” as part of your government’s program to salvage the ravaged environment. We are disturbed with the type of rhetoric and politics you are degenerating your age and authority as president of federal republic of Nigeria to on issues concerning Niger Delta since you came into office.
You continue to live in pretence and blind to the history of the Niger Delta agitation because of some psychopaths around; as far as you are concerned, you are as white as the snow! But do I recall that you were once a military governor, a minister of petroleum, military head of state and chairman Petroleum Trust Fund and general Sani Abacha’s henchman (the most corrupt dictator in the history of Africa).
To say the least, your hands are soiled deep in the blood of Kenule Saro Wiwa (the Ogoni nines), and events leading up to the pollution of Ogoni land that you are politicizing the cleanup process. Wait a moment, how come your government is glorifying a charade called Ogoni cleanup while you were a major player in that crime?
How can you justify Ogoni clean up and at the same time constitute a Task Force Called “Operations Delta Safe” that is embarking on environmental pollution with the burning and bombing of petroleum products in the guise of fighting oil theft? Does that amount to lack of genuine ideas or sincerity? OR at least, is there no relationship between environmental pollution and the ongoing indiscriminate burning and bombing of petroleum products by operatives of the so-called ” Operations Delta Safe?
Mr. President, basically, some other factors fueling the Niger Delta conflict are corruption engendered by successive government that you served since oil became the commonwealth of the nation Nigeria. What is wrong in president simply producing a copy of secondary school leaving certificate instead of hiring 13 Senior Advocates of Nigeria to suppress the judiciary? Whilst you start the Ogoni clean up process, what is wrong in reviewing the Sir Henry Willinks Commission Report 1958? The Ogoni Bill of Rights, The Kaiama Declaration document of the Ijaw Youths Council, The General Alexander Ogomudia Committee Report, and The Leedum Mitee led Niger Delta Technical Committee Report?
Conclusively, we are not in the trenches for the sake of arm struggle, the people of Niger Delta, our forefathers have always resisted the colonization and exploitation of the land… we wonder how your desire for decisive military action is going to win this war in your four years term to end our legitimate objective of controlling our resources for posterity.”
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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