Business
Popular Female Juju Musician, Seun Aranisola escapes death in deadly auto-crash in Lagos
It’s certainly not a joyous moment for female juju musician and Vice Chairman, Association of Juju Musicians of Nigeria (AJUMN), Seun Aransiola. And the reason is obvious.
ENCOMIUM Weekly was informed by an industry source that the brilliant entertainer was involved in a terrible auto crash on Saturday, February 6, 2016. And the incident, the source said, eventually landed the Omu Aran, Kwara born singer in the orthopedic department of Railway Federal Hospitality, Ebute Meta, Lagos, as she was said to have suffered serious neck injury.
The source further disclosed that the accident occurred at around 8 o’clock in the morning along Ikorodu Road, Lagos And Aransiola’s Nissan Pathfinder, we were told, got damaged beyond repair.
“Seun Aransiola is not happy at the moment. I learnt she had an accident with her Nissan Pathfinder on Saturday, February 6, 2016, along Ikorodu Road, Lagos, while returning from a show. I learnt she was trying to avoid crushing an okada man who ran across her vehicle. And in the process, she suddenly applied brake and the jeep somersaulted to the other side of the road.
“I learnt she was rescued by some good Samaritans who quickly rushed her to a nearby hospital where she later regained consciousness. But when the hospital couldn’t handle her case, she was referred to Railway Federal Hospital, Ebute Meta, Lagos, where it was discovered she had a severe neck injury. I also learnt her jeep was a write-off. But in all, I am happy for her that she’s still alive. I believe when there is life, there is hope. She can acquire another car any time but life is irreplaceable.”
Speaking with ENCOMIUM Weekly on Friday, February 12, 2016, the talented lady guitarist expressed gratitude to God for sparing her life. She was, however, optimistic that her damaged jeep will be replaced soon.
“The experience is not funny at all. No one will pray having an accident let alone being hospitalized. But I give thanks to God for saving me. I bless Almighty God that I came out alive. Although, my jeep crashed beyond repair, that can be replaced and it will surely be in as much God is on His throne. I survived the accident miraculously with slight injury on my neck. What’s important is that I am alive. I must be grateful to God for that. A lot of people whose cases were not as bad as mine had gone to the great beyond. So, I owe my God a lot of thanks.
“As I speak, I am still at the orthopedic department of Railway Federal Hospital, Ebute Meta, Lagos, where I am receiving treatment. It’s a very terrible experience. I never planned for that. With the incident now, I won’t be able to perform at any of this year’s Valentine shows. I have also lost another vital engagement which I have been paid part of the money. Man proposes but God disposes. The most important thing is that I am alive. I remain unstoppable no matter the devil’s plan. And by the grace of God, I will be back on stage very soon.”
Narrating how it all happened, Aransiola said, “I was trying to navigate my way back home from the airport. On getting to Oshodi-Anthony area, there was terrible traffic-bumper to bumper. So, I decided to go through Ilupeju Ikorodu Road. But when I got to the main road, I discovered the situation was even worse because of the Lagos Marathon race going on that day. I didn’t have a choice than to continue in the traffic. There was a road block along the route. So, I couldn’t turn at Jibowu as I thought. I had to go through Yaba College of Technology/Morroco Road, where the traffic was light. At Igbobi Hospital Road, I lost control trying to avoid an okada man who ran into my car. That’s the last thing I could remember. I didn’t know how and when I landed in the hospital. It’s at Railway Federal Hospital that they discovered I had neck injury after the x-ray. But I was assured I will be alright soon.
“Now, I am feeling much better. And any moment from now, I may be discharged. I thank God and everybody that came to my rescue when the incident happened. If not for divine intervention, the story would have been a different one. I will forever be thankful to God for His mercies and protection over me. Concerning my damaged ride, God will provide another one.”
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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