Business
Osun State Governor, Rauf Aregbesola praises Sterling Bank’s Input to Environmental Sustainability
The Governor of Osun State, Ogbeni Rauf Aregbesola has commended Sterling Bank Plc for its contribution to clean environment through the provision of necessary incentives to checkmate environmental challenges.
The Governor who made the commendation while receiving reflective coveralls donated by the Bank for use by members of the Osun Waste Management Authority (OWMA) in Oshogbo noted that the coverall would protect the highway managers against occupational hazards which they face in the discharge of their responsibilities on a daily basis.
His words: “By this donation, Sterling Bank has demonstrated its commitment to environmental sustainability. These coveralls without any doubt will make the Highway Managers visible from afar and prevent the incidents of motorists running into them. It will provide safety against occupational hazards and also give them a sense of dignity as opposed to appearing improperly dressed and unkempt and elevate their status as they see themselves as very relevant to the society through the service they provide”.
While reaffirming his administration’s readiness to maintain a top position among its peers at championing good environmental sanitation, the Governor identified environmental challenges as part of the reasons his administration took aggressive steps towards waste management and sanitation in the state.
To kick start the process, he said his government came up with a 90-day emergency declaration on sanitation and zero tolerance for filth culminating in the launch of the O’Clean plus initiatives which had contributed significantly in the reduction of sanitation related diseases, adding that other corporate organizations should emulate the Bank in ensuring a clean environment.
Earlier, the Executive Director, Sterling Bank Plc, Mr. Lanre Adesanya, said the presentation of coveralls was in line with the bank’s strategic focus on the environment as one of its corporate’s social responsibility priorities. He added that the Bank was already in partnership with other states such as Enugu, Kaduna, Rivers, Delta, Abia, Ogun and Lagos states.
His words: “At Sterling Bank, environmental cleanliness is one of the cardinal points of our Corporate Social Responsibility thrust that informs the bank’s continued commitment of enormous resources towards ensuring that the environment where we live is habitable.
“As we embark on this mission, we consider it of utmost importance to protect those whose job it is to manage and clean the environment. That is why we came up with the idea of producing coveralls for highway managers to ensure their safety, make them more relevant in the society and as well as dignify them while discharging their duties.
In his remarks, the General Manager, Osun Waste Management Agency (OWMA), Alhaji Ganiyu Oyeladun said the state government through Osun Waste Management Agency (OWMA) has in recent years embarked on various initiatives with focus on achieving the objectives of the restoration of healthy living and empowerment for the citizenry.
Alhaji Oyeladun noted that the current administration has successfully placed a high priority on environmental sanitation and waste management, hence the creation of the agency.
He said OWMA has succeeded in entrenching the culture of cleanliness among the citizenry, adding that with the efforts of the agency, there is sharp reduction in sanitation related diseases just as there is drastic reduction in mortality and morbidity rates.
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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