Business
PDP swims in deeper crises few days after National convention
Barely one week after its national elective convention, fresh crisis is brewing in the Peoples Democratic Party (PDP) over the outcome of last Saturday’s election.
Not satisfied with the election of the party’s national executive, some aggrieved candidates and stakeholders have threatened to form a parallel National Working Committee (NWC).
Despite ongoing post conventions reconciliation process, the aggrieved candidates, who rejected the results arising from the election at the national convention, are demanding the immediate release of what they called the authentic results of the actual votes cast by delegates at the convention.
They called on the PDP Board of Trustees (BoT) to ensure the immediate execution of the demands by convening an emergency National Executive Committee (NEC) meeting within seven days from December 12, 2019.
They further threatened to announce the correct results from the convention and inaugurate what they called the authentic NWC of the party should the BoT fail to attend to their demands.
This is contained in a statement signed by the candidates and stakeholders namely Prince Obi-Nwosu Emmanuel, Hassan Adamu, Chief Dr Godwin Chinedu Duru, Comrade Edede Franklyn Maduabuchi and Alhaji Mohammed Abubakar.
Two, out of the five signatories of the statement, Chief Godwin Chinedu Duru and Comrade Edede Franklyn Maduabuchi contested for the positions of national organising secretary and national youth leader respectively at the convention.
Already, the post-convention reconciliation committee of the party, led by Bayelsa State governor, Hon Seriake Dickson, has started meeting the aggrieved candidates.
The committee has so far met some of the chairmanship aspirants, including former Minister of Education, Prof Tunde Adeniran; former deputy national chairman, Chief Bode George, among others.
The statement by the aggrieved candidates, which was made available to LEADERSHIP yesterday noted: “Sequel to the 9th December Elective National Convention held at Eagles Square, Abuja: “1) We the concerned candidates and stakeholders hereby reject in totality the results released at the 9th December 2017 National Elective Convention instead of the true results.
“2.) We therefore demand the immediate recall of the purported results and the release with immediate effect the authentic results of the actual votes cast by delegates at the convention.
“3.We hereby call on the chairman of the BOT to ensure the immediate execution of this demand by convening an emergency NEC meeting within 7 days from the date of this notice.
“4. Failure to address item 2 and 3 above, we would have no option but to announce the correct results and inaugurate the authentic National Working Committee of our great party, the PDP.”
Metuh Pleads With Aggrieved Aspirants To Support Secondus
Meanwhile, former national publicity secretary of the PDP, Olisa Metuh, said yesterday that the outcome of the party’s national convention has repositioned it to take over power in 2019.
In a statement he personally signed, Metuh urged aggrieved aspirants to join hands with the new party leadership headed by Prince Uche Secondus in providing “a credible opposition that will continuously provide alternatives and options to the policies and programmes of the ruling party.”
The former party spokesman described Secondus as “a tried and tested hand and proven party administrator with exceptional institutional memory to handle the affairs of the party.
“It is incontrovertible that the activities leading to the PDP elective National Convention and the outcome thereof have left no one in doubt that the party has been repositioned to take over power in 2019”, he added.
While underscoring Secondus’ competence for the job, Metuh said, “It is instructive to note that nobody, not even the worst of critics, has questioned Prince Secondus’ competence and capacity to lead the party at this critical time.
“This is essentially owing to the well-established fact that the PDP witnessed one of her best moments under Prince Secondus as Acting National Chairman, during which time a lot of reforms were articulated and implemented.
“It is in that regard that I join our party leaders and other notable stakeholders to congratulate our National Chairman whose victory derived not only from his track record of proven service to our party but also from his very robust and issue-based campaign across all the states and zones of the federation.
“To other aspirants who did not have the opportunity of being elected, it must be understood that the outcome of the election does not in anyway detract from their credibility and their qualification for offices. What is needed now is for them to join hands with the new leadership to reposition the PDP for the task ahead.”
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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