Business
Panic as Three LUTH workers contact Lassa Fever
Three health workers, out of the 100 that had contact with a pregnant woman who died of Lassa fever at the Lagos University Teaching Hospital, Idi-Araba, have tested positive for the infection.
LUTH’s Chief Medical Director, Prof. Chris Bode, confirmed this at a joint briefing by the hospital’s management and officials of the Lagos State Ministry of Health on Wednesday.
Bode said the health workers had been admitted to the Isolation Ward at the teaching hospital alongside a female resident doctor who contracted the infection while conducting an autopsy on one of the index cases.
The CMD also identified the second patient who died of the disease at the hospital as a sickle cell patient that was admitted on August 5.
He added that the victim had just come in from a neighbouring state.
According to him, all the other 97 contacts are still under surveillance.
Bode said, “Three of the persons who have symptoms are receiving treatment at the Isolation Ward. They are being cared for by a group of professionals, volunteer doctors, epidemiologists, microbiologists, emotional caregivers and cleaners round-the-clock.
“And I want to assure the concerned public that they are responding well to treatment. This current outbreak is effectively being monitored. Those that are being monitored have been given thermometers to check their temperature. So, let us douse the panic.”
Also at the briefing, the Director, Diseases Control, Lagos State Ministry of Health, Dr. Eniola Erinosho, said the state government had taken charge of the body of the first victim from the family and had taken necessary guidelines in the disposal of the body.
Erinosho said the private hospitals where the victims had visited before they were referred to LUTH had been placed under a 21-day surveillance.
He noted that the Lagos State Ministry of Health had directed its Epidemiology Unit to move into LUTH.
“We are on top of the situation and there should be no panic. The index case was referred from Divine Grace Hospital, Imota, in the Ikorodu area of Lagos. We have been there and have taken charge of the situation, but none of the people there has actually come down with the fever.
“We have about 22 people there. Today is the 14th day of monitoring and we hope that in the next seven days they will be discharged from the monitoring list. At present, we have two suspected cases at the Mainland Hospital but they are under control.”
Erinosho also said that the state government would take over the second corpse in possession of LUTH, while the first victim had been moved to Ilesa, Osun State, in order for the officials there to dispose of the body according to international standards.
He said, “We have been to the house of the late patients and hospitals where they were first admitted. All arrangements have been made to bury the corpse based on international standards.
“In a case like this, we use body bags and we seal the coffin and the relatives will not see the body. From there, we have a special unit in the ministry called the State Environmental Monitoring Unit, which carries out the procedure.”
Erinosho, who advised Nigerians to keep their foodstuffs away from rats, however, urged them not to panic as Lassa fever, according to him, is a curable disease whose treatment is readily available in the country.
Meanwhile, the Special Adviser to the Governor on Primary Health Care, Dr. Olufemi Onanuga, in a statement issued by the LSMOH, confirmed that laboratory results of the two suspected cases at the Mainland Hospital, Yaba, were negative.
Onanuga said the two patients were referred from the General Hospital, Lagos, and a private hospital in Imota in Ikorodu.
Lassa fever is an acute febrile illness, causing bleeding and death in severe cases. It is spread by rats.
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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