Business
‘OUR GOVT STEADILY BUILDING A STATE THAT WORKS FOR ALL’ – AMBODE
…Thanks Lagosians For Achievements Recorded In 2017
Lagos State Governor, Mr Akinwunmi Ambode on Tuesday expressed profound gratitude to residents of the State for the massive support extended to his administration in the outgoing year which made the achievements recorded in key sectors possible, assuring that more projects would be implemented to make life comfortable for the people in 2018.
Speaking at a special Christmas Party put together by the State Government and held simultaneously in all the twenty Local Government Areas (LGAs) of the State, Governor Ambode said the Lagos Project was on course, and that his administration was gradually and steadily building a State that works for all.
He said: “I want to use this opportunity to once again, express this administration’s profound gratitude to you all for your support which is the cornerstone of the modest achievements we have recorded in the outgoing year. I want to assure you that our Lagos project is on course and we are gradually and steadily moving towards actualizing the dream of building a State that works for all.
“As a government, we are moving into the New Year with more vigour and determination to move our State to the next higher level particularly in the critical sectors including transportation, sustainable and healthy environment, social and physical infrastructural development, power, housing, tourism, education, etc.
“Together we can and we will achieve more landmark successes in 2018. I look forward to your continued support in the performance of your civic obligations, obedience to rules and regulations and ensuring peace and harmony in all our communities.”
The Governor said he was delighted to join in the celebration of Christmas in a special way in the State being the first time it would be held simultaneously in all the twenty LGAs, adding that the significance of the season was important as it brought to the fore the need to remind each other of the virtues of love, kindness, tolerance, piety and humility which Jesus Christ personifies.
He said the celebration of Christmas would become more meaningful only if the people imbibe such fine qualities and allow them to manifest in their lives especially in relating with one another.
According to the Governor, “In the newness and rebirth that the season symbolizes, let us remember our less privileged brothers and sisters and to gladly share our blessings and as well give with love and humility.
“As we merry, let us remember that, this is a time for special supplications and sharing of love; a time to showcase our unity and a time to seek for more favour and mercies for our State and our nation.”
Also speaking in Epe at one of the centres for the celebration, wife of the Governor, Mrs Bolanle Ambode charged Lagosians to embrace love and tolerance for peaceful co-existence.
Mrs. Ambode, who noted that the Governor’s Christmas Party was designed to bring yuletide festivities closer to the grassroots, identified love and tolerance as the strongest basis for harmonious living, among people of different ethnic and religious affiliations.
She said: “The simple message of this season is love. When we love, we will share. When we love, we will not hurt the feelings and sensibilities of one another. When we love, we will help the weak and vulnerable. When we love, we will put the interest of others first. When we love, we will live together in peace and harmony.”
She noted that the Governor had given repeated assurances that his administration would always spearhead initiatives that would cement the bond of friendship among all residents, for a tension-free society.
Besides, the wife of the Governor urged residents to intensify support for the present administration in the State and continuously offer prayers for its all-round success.
The Governor’s party in its maiden edition was introduced by the Ambode Administration, to move Christmas celebrations closer to the grassroots, hence its simultaneous celebration in the twenty Local Government Areas of the State.
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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