Business
‘No more easy money in Nigeria’- President Buhari
President Muhmmadu Buhari on Wednesday said that the era of free and easy money in the country had gone for good.
Bahuari made this known when he inaugurated road and drainage projects in Tsafe Local Government Area of Zamfara. He inaugurated the 20km township road and 40km drainages in Tsafe Local Government amounting to N2.1 billion.
The president also inaugurated the 75-kilometre Wanke- Danjigba-Kucheri-Kigama-Bilbis Road with seven bridges valued eight billion nairaNara. He vowed that his administration would enthrone good governance through vigorous prosecution of the ongoing war against corruption in the country. Buhari pledged to continue the ongoing war against corruption, noting that corruption had retarded the growth of the country.
According to him, the ongoing crusade against corruption is not aimed at humiliating anyone but rather meant to recover all looted fund to be put to public use. He, therefore, called on the people of the state and Nigerians in general to join his administration’s efforts in ensuring that the change desired was well delivered. “As the people of the state are aware the change agenda was central issue of our 2015 electioneering campaign. “Since this administration’s assumption of office in May 2015, the journey to fix the country and restore the hope of the common man in the Nigerian project has begun in earnest. “You have all agreed to join me and work as agents of change, the challenge before all of us therefore is translating the change into reality. “I,therefore, wish to call on every one to think closely about the Nigerian situation. “There is no easy money to throw around, we must go back to farming, livestock rearing so that we could develop the industries. “We must put our hands on deck to ensure success of our mission in engineering Nigeria. “If efforts were made in the past to diversify the economy from our absolute reliance on a single commodity, we would not have found ourselves in our current situation. “I assure all Nigerians that the grim economic situations are passing phase which all societies go through,’’ he added. The president also noted with delight that the security situation in the country was improving, not only in the North-East, but all over the country. He also expressed the hope that the macro-economic policies as well as the monetary policies being implemented by the Central Bank of Nigeria (CBN) would lead to steady growth in significant sectors of the economy.
On security, Buhari noted that the commitment of his administration to secure the country had already started yielding fruitful results. He said that for the first time in the history of Boko Haram insurgency in the North-East, seven years ago, the people of Borno celebrated this year’s the Eid-el-Fitri with ease, devoid of any security barricades. He reiterated the government’s determination to deal decisively with any threat to security of the nation from any quarters. “Part of the reasons that I’m personally here is to flag off the military operations aimed at routing out the menace of cattle rustling and armed bandits, not only in the state, but in the entire axis of North-West. “I also wish to reiterate to the people of Zamfara and to Nigerians in general, the commitment of this administration to restoring sanity in governance. “We shall continue to prosecute the war against corruption. We do not wish or desire to humiliate or disgrace anybody, but we must recover stolen fund and put them to collective public use,’’ he said. Buhari said he had listened to the litany of requests put forward by the state governor and gave an assurance that he would carefully study them and respond appropriately. In his remarks, Gov. Abdulaziz Yari, said the construction of the roads was part of the state government’s efforts to open up the rural areas, especially being an agrarian state . According to him, this will enable farmers transport their farm produce to the urban centres. Yari said that the road projects would also to create gainful employments to the teeming youths of the state. He revealed that the state government had also embarked on other roads projects across the state, covering about 610 kilometers.
The state government has so far constructed over 300 roads and drainages covering 700 kilometers in 14 local government areas of the state at over N42.78 billion. He said that the state government, he said, had also embarked on the rehabilitation and reconstruction of about 12 federal roads spread across the three Senatorial zones of the state worth billions of naira. The governor called on the president to urgently intervene and ensure the refund of the money to the state government. He further said that the state government had so far expended N1.2billion to boost girl-child education, including girls whose education were interrupted, married women, divorcees and widows.
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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