Business
‘Pasuma forever remains my son’ – Kabiyesi Owuro Lawa, Olayinka Olawoye speaks as Pasuma engages in silent fight with him Over Obesere
Fresh war is currently going on in the Fuji Music industry between popular musician, Alabi Pasuma and ace broadcaster, Olayinka Olawoye otherwise known as Kabiyesi of Owuro Lawa if the information reaching us is something to write about.
According to the information at our disposal, the cold war started a few weeks ago when the veteran broadcaster who is known to passionately promote Pasuma on his show, kept promoting paramount king of music, Abass Akande Obesere’s new songs on his programme which come up by 6am to 10am on Lagos Television (LTV8).
Pasuma, we learnt felt bad as Obesere displaced him in the heart of the broadcaster and on his programme.
Consequent to the above, Pasuma began engaging in what people saw as an unnecessary malice. As if that wasn’t enough. The acceleration of the war took another turn when the news broke that the Ibadan, Oyo State-born Fuji musician; Obesere acquired a brand new car for the presenter.
Pasuma, we gathered felt remorseful and decided to start a face off with Kabiyesi who has over the years been promoting him. Having gotten this, Yorubamoviegist.com did a thorough investigation of the matter as effort made by us to speak with Pasuma proved abortive.
Having not rest on our oars, we however spoke with Kabiyesi Owuro Lawa who spoke at length about the cause and the current situation of the brawl.
According to him, “I want to tell you that I can’t keep a brawl with Pasuma because he will still remain my son even till tomorrow and I am the chairman of Pasuma fans club globally. What happened is that Obesere gave me the right to be recording his live plays and take the money; this was after he bought me a car-a Renault car for which I just got the number plate about 3 days ago. Though, I still had him(Pasuma) on my programme 2 Fridays ago but as a musician, many will be going round about him. For real, we had face off but I made Pasuma understand that as a journalist cum broadcaster, I can’t limit myself with just only one person. I have an entertainment platform called Kabiyesi Owuro Lawa registered to promote entertainers and I don’t see any wrong in that and Obesere himself never complained about this”.
We further asked him to tell us about misunderstandings that transpired between him and Pasuma, he said “many were insinuating that, how would the chairman of Pasuma’s fans club be promoting another Fuji musician, but they have forgotten that I am a journalist and a broadcaster and I shouldn’t limit myself to one artiste. If we look at it very well and we talk about Wasiu, Malaika, Osupa and others, one would say that I am one sided for promoting only Pasuma because I roll with every one of them. With my registered name, I want everyone to know that I can promote any musician of my choice. The painful aspect of it was that when the whole issue started, I was unable to set my eyes on Pasuma, I went to his house but his manager, Matthew Ididowo denied me access to see him. I went to his house like 4 times and I didn’t see him, there was a day I was there and I was hearing his voice in the sitting room, Matthew told me that I should go back to LTV that they were coming. I didn’t see them until last 2 Fridays when he came for my programme’s interview and we didn’t really have the time to talk much. On Obesere’s reaction, he didn’t react because he has a plain heart. He said Baba, all I have done for you was done out of what you have done into the entertainment industry especially Fuji music industry. So he didn’t see it as big deal giving me all those privileges. He said he knew I wasn’t in the position I was meant to be, I don’t have a car and he bought one for me. He said he believe I must have seen a lot from the artistes I have been promoting in the last 15 years but nothing to show up for that. He didn’t only give me a car; but with huge amount of money. Before coming here, I was at Osupa’s show at LTV, so, I am not for anybody but everybody. Obesere supports and respects me a lot. There is no artiste that has ever given me the right to be selling his or her live performances and keep the money for myself. This is third live performance that I have sold and he didn’t ask me for the money”.
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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