Business
NIGERIAN BREWERIES REWARDS, CELEBRATES OUTSTANDING JOURNALISTS AT 9TH GOLDEN PEN AWARD
Nigerian Breweries Plc, at the weekend, celebrated outstanding journalism practice at the Nigerian Breweries Golden Pen Awards which took place in Lagos.
The award, which is the 9th in the series, is aimed at promoting professionalism and objective reportage of events in the country. It is also meant to reward journalists who abide by the ethics of the journalism profession in their professional practice.
The night of glitz and glamour saw Isioma Madike of New Telegraph Newspaper emerging as the NB Golden Pen Reporter of the Year. The first runner-up was Arukaino Umukoro of Punch Newspapers while Caleb Ojewale of BusinessDay clinched the second runner-up position.
The Photo Journalist of the Year award went to Olatunji Obasa of Punch Newspapers. Suleiman Hussaini also of the New Telegraph emerged as the first runner-up, while Toluwani Eniola of Punch Newspapers was the second runner-up.
Mojeed Alabi, a reporter with the New Telegraph won the ‘NB Report of the Year’.
All the winning journalists got cash prizes and special NB Golden Pen Awards statuette as part of the reward package. The top three winners also got high-end work tools as part of their prizes.
While welcoming guests at the event, Managing Director, Nigerian Breweries Plc, Mr. Johan Doyer, noted that the choice of the theme for the award“Agriculture, Local Sourcing and Industrial Development” was directed to align with Nigeria’s current push for economic recovery and growth.
This, he said, was hinged on the expectation that the media, in its agenda-setting role, will exploit the Nigerian Breweries Golden Pen Awards to draw attention of stakeholders to the key sectors required to drive economic revival.
“To us, these three areas – Agriculture, Local Sourcing and Industrial Development are jointly critical in Nigeria’s quest to achieve her full potential and become a self-reliant nation,” he said.
Doyer also acknowledged the role of the media in the successes recorded over the last nine years with the Awards and thanked the panel of judges who rigorously analysed the entries for originality, credibility and factuality.
The guest speaker at the occasion, Mr. Ray Ekpu, thanked Nigerian Breweries for the initiative and called for soul-searching by the media who he urged to bridge the gap between training and practice.
Ekpu, a former Editor-in-Chief of the defunct Newswatch Magazine and Chairman of May Five Publications recalled that before crude oil was discovered in commercial quantity in 1958, agriculture was the mainstay of the economy and produced food and prosperity for the nation.
He challenged the press to support the efforts to domesticate the Nigerian economy, maintaining that Nigerian Breweries has set a worthy example on how to grow agriculture and local industry.
The Deputy Governor of Lagos State Dr. Oluranti Adebule, who was represented by the Permanent Secretary in the Deputy Governor’s Office, Mrs. Yetunde Odejayi, lauded Nigerian Breweries for the initiative and described the theme as apt and timely in the journey to restructure the economy.
Dr. Yemi Ogunbiyi, Managing Director of Tanus Communications and Chairman of the Panel of Judges commended Nigerian Breweries for the initiative and enjoined journalists to aspire to the highest standards.
He maintained that the quality and quantity of entries have improved significantly and noted that Nigerian Breweries has set a standard for other organizations to follow.
The event attracted other dignitaries from the political and media circles including the Minister of Information and Culture, Lai Mohammed, who was represented by Ajayi Kehinde and the Special Adviser to the President on Media and Publicity, Femi Adesina.
Others were the Secretary to the Lagos State Government, Mr. Tunji Bello, who was represented by Adekunle Olayinka and the Managing Director of the News Agency of Nigeria, NAN, represented by Mrs. Clara Ebota.
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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