Business
Presidency, Leadway Assurance Partner NASRE Media Foundation To Support Journalists With Challenges
Presidency, Leadway Assurance Partner NASRE Media Foundation To Support Journalists With Challenges
NASRE Media Foundation, the humanitarian arm of the Nigerian Association of Social and Resourceful Editors (NASRE), extended support to media practitioners facing health or financial challenges, as well as the families of bereaved journalists, on Tuesday, May 14, 2024.
Ably supported by Leadway Assurance, one of Nigeria’s leading insurance companies specializing in life-business coverage and prompt claims payment, and the office of the Special Assistant to the President on Community Engagements, South West, the Foundation provided cash and grains to selected beneficiaries in the first phase.
Mr. Omodele Adigun, a former Deputy Business Editor at The Sun Newspaper, who is currently battling partial stroke, received cash and grains for health support. Mrs. Esther Peter Thomas, wife of the late Peter Thomas, a renowned entertainment editor and publicist for the former Mo’Hits Records, also received cash and grains support.
Similarly, Mrs. Adewole, the widow of the late Qudus Adewole, publisher of Ebony Media who passed away in 2021, received educational support and grains on behalf of their daughter, Yesmee, who was born shortly after Adewole’s death. In the same vein, Mr. Bolu received equivalent support on behalf of Peter, the only surviving son of the late Foluso Samuel, who worked with Encomium Magazine but passed away in 2015. Foluso Samuel’s wife and two of their three children have also died, leaving Peter, a JSS student, in Mr. Bolu’s care.
In a unanimous voice, the recipients prayed for the continued success of NASRE Media Foundation, Leadway Assurance, and the Presidency.
With discernible emotions and tears in their eyes, Mr. Adigun, Mrs. Esther Peter Thomas, Mrs. Adewole, and Mr. Bolu described NASRE as a dynamic group of experienced media professionals whose efforts are highly commendable. They prayed for the continued success of NASRE Media Foundation, Leadway Assurance, and the office of the Special Assistant to the President on Community Engagements, South West.
In an earlier remark, the President of NASRE and NASRE Media Foundation, Comrade Femi Oyewale, assured the recipients of continued support within available resources. He noted that NASRE Media Foundation was initiated to support media practitioners facing challenges. Stressing the need for support, Oyewale called on corporate organizations, public and private institutions, and individuals to support NASRE Media Foundation in whatever way possible.
NASRE Media Foundation Supports Journalists Facing Challenges
“Media work is hazardous. We take the highest form of risks. We are on the road even in the middle of the night, ensuring that governments and institutions’ actions are anchored in truth for the overall benefit of citizens and taxpayers. The risks we embrace daily take a toll on our health, and when most of us are either deceased or down with ailments, nobody cares for us. These are part of the reasons we set up this Foundation to provide hope for colleagues in the face of hopelessness,” he explained.
Oyewale emphasized that the support extended to the four beneficiaries is just a small step given the large number of media practitioners on NASRE Media Foundation’s list who have truly pathetic cases and need support. “We are not going to rest on our oars. We have a long list of journalists and families of late journalists who need help. Some of the cases are really pathetic. We are committed to this noble cause. This is just the first phase,” Oyewale assured.
“I thank NASRE members for their commitment and dedication. I thank Leadway Assurance Plc and the office of the Special Assistant to the President on Community Engagements in South West for their support. We couldn’t have done this without you,” he appreciated.
“I call on corporate organizations, public and private institutions, and individuals to team up with NASRE Media Foundation in supporting journalists facing challenges to minimize the suffering associated with the job,” Oyewale, who was represented at the event by Idumonza Isidahomhen, Vice President of NASRE, requested.
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
-
celebrity radar - gossips6 months agoWhy Babangida’s Hilltop Home Became Nigeria’s Political “Mecca”
-
society6 months agoPower is a Loan, Not a Possession: The Sacred Duty of Planting People
-
society5 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news6 months agoTHE APPOINTMENT OF WASIU AYINDE BY THE FEDERAL GOVERNMENT AS AN AMBASSADOR SOUNDS EMBARRASSING