Business
PMAN woo Nigerian Artistes with Biometric ID Card, Songs Barcoded/encoded, Musicians Health Insurance Policy
The new PMAN is set to design new initiatives and reactivating defunct projects, to also restructure and realign the Nigeria music industry for the betterment of Nigerian musicians and music industry operators.
President of The Performing Musicians Employers’ Association Of Nigeria, PMAN Mr. Pretty Okafor made this known while briefing journalists after a Seminar organized by City people and PMAN in Lagos.
He said, ” PMAN is the only registered Trade Union, so automatically before you practice music in a creative industry, you belong to PMAN. We have lots of benefits now in PMAN. As a member, you get the benefit of Media Distribution Network (MDN), PMAN Biometric ID Card, The Nigeria Music Industry Directory,Pension plan, Life Insurance of 5 million instantly, Musicians Health Insurance Policy and PMAN App.
In his word, Sunny Neji said, “In PMAN, this new Exco, is trying to deviate from the act of selfish life, we have introduced a few things, to create a platform for the next regime. We have brought in the Barcode and in a short while, every song we are releasing in this country will be bar-coded. and we have the support of the Federal Government, so that we can have a guaranteed income for artistes. The PMAN Bio-metric ID Card will give every musicians a sense of belonging, because in your card, you will have health insurance, Medical Insurance, therefore, we are urging every Nigerian artistes to buy into this is going to re-position the industry”.
Michael Stephens best known as Ruggedman said, “The ideas the president shared with me attracted me to PMAN. The Bar-coding and encoding for artistes songs and bringing a structure to the Nigerian entertainment industry to make every Nigerian artistes earn a living from their sweat. To get paid for every song released. When you register, you will be able to log on and track down numbers of downloads, where its been downloaded from” he concluded.
Felix Duke popularly know as Mr Goody Goody, urged young artistes to buy into this new initiative by PMAN for future. He said, ” If you look at Bob Marley’s family, he is not alive but his family is benefiting from Bob Marley’s loyalty today. Diana Ross has not release any album for about 34 years but she is living, she changes her private jet. We have a structures now in PMAN for pension and for insurance. Any where your song is being played in the world, you are making money as a PMAN Member. To benefit you need to register as a PMAN Member. Its a blessing, a new dawn”.
Justpyetv report that, the Seminar which was tagged “How The Newly Revamped PMAN Can Help Your Career” took place at White House, Toyin Street, Ikeja, Lagos on Wednesday, 21st of September, 2016 saw entertainment stakeholders, Music Artistes and Employers, Movie Actors and Producers, Entertainment Writers and the creative industry.
The Theme- How The Newly Revamped PMAN Can Help Your Career
Guest Speakers like Pretty Okafor (Interim President), Rap artiste Michael Stephens Ruggedman, Sunny Neji and Mr Goody goody to mention but few.
THE Nigeria music industry is the largest and most vibrant music scene in the whole of Africa. With over 100 million music consumers, scores of recording companies, an army of music marketers, a multitude of media and a never-ending flow of top talent no other market comes close. PMAN is in the foremost advocate and campaigner for artistes’ rights and the music industry in general in the country.
Register For PMAN BIOMETRIC ID CARD!
You can use your mobile phone to register now. To register,
follow the guidelines below:
Text: PMAN(space)First Name(space)Last
Name(space)Date Of Birth :Day/Month/Year(space)Gender(space)marital
status
Then send the text to 33122. For example: PMAN Ibrahim Musa 04/11/1968 F S. After you have sent the text, you will receive a message with a code, then go with this code to any branch of Heritage Bank nearest to you and pay N5, 000.00 and collect your ID Card. Note: Five thousand naira only!
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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