Business
NYCN Governor, Idahosa Urges Diaspora Youths to Seize Global Market Opportunities …Pledges to Collaborate with The Global Clusters
NYCN Governor, Idahosa Urges Diaspora Youths to Seize Global Market Opportunities
…Pledges to Collaborate with The Global Clusters
Ambassador Collins Idahosa, Governor of the National Youth Council of Nigeria (NYCN), European Chapter, has urged Nigerian youths in the diaspora to transcend limitations and seize the abundant opportunities available in global markets through innovation and entrepreneurship.
He highlighted that such initiatives would facilitate international networking, enabling young Nigerians to establish businesses, create jobs, and forge partnerships that stimulate economic growth and technological advancement in Nigeria.
In his address titled “Rise Up, Nigerian Youths,” Idahosa asserted that the future of Nigeria lies in the hands of its youth, both at home and abroad.
Speaking at a youth forum on Monday, themed “Innovation and Entrepreneurship Opportunities for Nigerian Youth in the Diaspora,” he urged Nigerian youths overseas to capitalise on global opportunities to reshape both their nation and the wider community.
“Innovation and entrepreneurship offer limitless prospects for Nigerian youths in the diaspora to contribute significantly to their home country and the global arena.
“With their exposure to diverse cultures, advanced technologies, and innovative business models, diasporan youths are uniquely positioned to drive innovation across various sectors,” he stated.
He emphasised the importance of the diaspora, describing it as an extraordinary asset. In 2023 alone, Nigerian remittances surpassed $20 billion.
“By harnessing their international networks, they can establish businesses, create jobs, and foster partnerships that promote economic growth and technological progress in Nigeria,” he added.
He further pointed out that the growing availability of digital platforms and the rise of global collaboration facilitate the ability of Nigerian youths abroad to provide innovative solutions to local challenges, particularly in technology, healthcare, agriculture, and education.
“By tapping into global markets and leveraging their acquired skills and knowledge, they can play a pivotal role in transforming Nigeria’s economy. Additionally, by fostering innovation and creating sustainable business models, diaspora youths can actively contribute to their states’ development agendas.”
He reiterated his call for the establishment of State Diaspora Agencies to create formal frameworks for engagement between states and their citizens abroad.
He said states such as Edo and Kwara have already made progress with dedicated agencies, and he urged others to build upon these efforts for sustainable diaspora engagement that ensures continuity, maximises investments, and drives development.
Idahosa expressed his honour at being invited to the prestigious World Youth Summit 2025 in Thailand, scheduled for July 14–18, 2025, at the United Nations venue in Bangkok.
He pledged to continue advocating for Nigerian youth worldwide, with the support of Ambassador Dr. Adekunle Badmus, Global President of The Global Clusters.
He noted that The Global Clusters is a groundbreaking international network committed to youth development, innovation, and global impact, making it a strategic ally in shaping the future of African youths both at home and abroad.
Notably, Dr. Badmus also serves as Nigeria’s ambassador to the National Youth Council of Nigeria in Turkey. Idahosa aims to leverage this opportunity to further champion the values and goals of the National Youth Council of Nigeria.
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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