Business
NIGERIAN FUNERAL DIRECTORS NEED A UNIFIED VOICE TO MAKE HEADWAY ON FUNERAL INSURANCE POLICY” – MO
The director of MO FUNERALS INTERNATIONAL has advocated for creation of a unified voice in the funeral industry which can push a united cause that is favourable to Nigerian government and all stakeholders on funeral insurance policy.
In an interview with the London-certified funeral director, he stated that creating an association for funeral directors in Nigeria will result in a win-win situation for the government, insurance brokers, Nigerians and the directors.
Olumuyiwa Onikoyi emphasised the importance of funeral insurance policy to include less financial and logistics burdens on the relatives of deceased; ease of doing funeral business; cutting the red tape to give way to modern approaches and reduce risks amongst other benefits.
He said, ” To create an enabling environment for funeral directors, the main issue is identifying the strategies which the government will push out. In Nigeria currently, we don’t have a unified funeral directing association which is very important if we want to have a headway and gain the government’s attention. All funeral directors need to have one unified voice that will stand and push the cause of the industry across to the government”.
He also stated that livestream coverage during funeral services is gaining prominence considering the impacts of the pandemic lockdown amidst other changes, an encouragement for MO FUNERALS INTERNATIONAL who have prior plans to venture into broadcasting on radio transmitters as a means of contributing to social distancing.
However, the reluctance of some clients in Nigeria to foot all bills relating to effective delivery of the services which is seldom encountered with overseas clients, is proving to be a challenge. In his words, “MO FUNERALS INTERNATIONAL have received a lot of success in the areas of livestreams during funeral services. We intend getting into broadcasting burial services on AM/FM transmitters so people don’t have to get out of their cars”.
“At MO FUNERALS INTERNATIONAL, we have been doing drive-by funerals. We once had a young woman that passed away and the family really wanted to have a service, so we did a set up in our parking lot, and more than 10 cars drove by and paid their last respects to the deceased”, he added.
Onikoyi, a Master’s Degree holder in Information Security and Computer Forensics from University of East London, MPhil in Cyber security and BSc in Computing Information System from Goldsmith College, University of London revealed that Covid-19 has effected diverse changes in the industry.
With the availability of the webpage www.mofuneral.com, it has become easy to engage clients and complete all pre-arrangements virtually. He further expressed surprise at African system not embracing cremation, especially considering the changes which the Covid-19 pandemic has brought to funeral services.
“One surprise we had at MO FUNERALS INTERNATIONAL is that the pandemic has not increased demand for cremations. Notably, As African we are not really into Cremation but the shutdown/Lockdown may also be reversing the trend toward traditional funerals.”
According to him, “…the key reasons why many people are choosing cremation are: separation of family across the U.S. (non-traditional family nucleus); increasing acceptance of the cremation process in our culture; eco-consciousness tendencies in consumers (don’t want to take up precious land space with a traditional burial in a cemetery; etc.”
“Pre-planning arrangements culture is also on the rise. The percentage of the population that feels it’s important to pre-plan funeral and cemetery/vaults purchases has jumped up. MO FUNERALS INTERNATIONAL pre-need appointments have really picked up. We can send you all you need for the planning of your loved ones funeral electronically”, he said.
With offices in UK and South Africa, he revealed that most of the MO FUNERALS INTERNATIONAL committed employees had to work from home in compliance with Covid-19 regulations to ensure efficient delivery of services.
He added that Covid-19 played a significant role in the recent upsurge witnessed in the funereal industry.
“Senior managing partners at MO FUNERALS INTERNATIONAL have continued to come into the office with strict Covid-19 regulations adherence — even as many employees work from home — to show solidarity with the workers who have to go into houses and hospitals to retrieve the remains of those who have died.”
“MO FUNERALS INTERNATIONAL view ourselves as ‘final responders’, which is a play on the words ‘first responder’. When the pandemic hit, it gave a chance for the industry to thrive, because we were going to be there, no matter what we had to go through to be able to serve our communities”, he added.
He further added that the idea to venture into the industry came to form when he travelled abroad, though he grew up as a member of Boy’s Brigade. As a Senior Project Manager at Ministry of Defence in UK where he was the focal point for bereaved fallen officers, the experience gained and moments shared propelled him to engage in the funereal industry.
“Seeking to promote one-stop funeral directing business in Nigeria, my role as a managing partner is to provide a memorable experience for the deceased’s family to reflect the celebration of their life style even in death via phone or face to face, as well as to build customer loyalty by leveraging interpersonal skills and offering top customer service to our numerous client during the most difficult time of losing their love ones.”
“With over 10 years of professional experience in dealing with bereavement across multi-cultural ethnicity around the globe and Nigeria in particular, these tasks often entail the embalming and burial or cremation of the dead, as well as the arrangements for the funeral ceremony (although not the directing and conducting of the funeral itself unless clergies are not present)”.
“Funeral directors may at times be asked to perform tasks such as dressing (in garments usually suitable for daily wear), casketing, motor hearse, music, and pall bearing who are the professionals that carry the casket before being interred.”
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
-
celebrity radar - gossips6 months agoWhy Babangida’s Hilltop Home Became Nigeria’s Political “Mecca”
-
society6 months agoPower is a Loan, Not a Possession: The Sacred Duty of Planting People
-
society5 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news6 months agoTHE APPOINTMENT OF WASIU AYINDE BY THE FEDERAL GOVERNMENT AS AN AMBASSADOR SOUNDS EMBARRASSING