Business
WE HAVE TO PROPAGATE OUR CULTURE TO THE WORLD OR ELSE, WE’LL BE PLAYING SECOND FIDDLE SAYS OONI
The Arole Oodua and Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi, Ojaja II has urged the African religion practitioners to propagate the Continent’s tradition and culture to the outside world so as not to be playing the second fiddle.
The spiritual head of Yoruba race globally stated this in his Ile – Oodua Palace at Ile-Ife on Wednesday night while playing host to the council of Arabas worldwide led by the Araba Agbaye, His Spiritual Eminence Araba Makoranwale Aworeni, saying this is the time to start correcting the cultural anomalies affecting the African heritage .
“We’ve been hoodwinked but, thank God, we are going to correct the anomalies. This is the main reason I’m here.”
“God is wonderful. When He was creating the universe, Orunmila was there seeing how he allocated responsibilities to every individuals.”
“The computers and phones we are seeing today are the products of Ifa divination(Oracle)”
” The ‘Urim and Turim’ that the diviner uses were the work of Ifa saddle with their clothes called ‘EFODU’ and the place we all left is where we are now, Ile-Ife,” Ooni said.
The Spiritual leader of Yorubaland however, admonished the IFA adherents to stop evil doings so as to always receive the blessings of God Almighty in the line of their traditional practice.
“Let’s us be doing good which is more rewarding and even make God happy than doing overwise which God detests”. Ooni added.
In his words, The Araba of Oworonshoki in Lagos State, Awodiran Agboola expressed his delight over the emergence of Ooni Ogunwusi as the current overall head of the Yoruba Nation. He said this is the first time any oba in Yoruba Kingdom would be hosting them, and pledged to give unflinching support of the millions of the African traditionalists all over the world to the custodian of Yoruba culture and tradition, Ooni Adeyeye Enitan Ogunwusi, Ojaja 11, Ooni of Ife.
“Baba, your ascendancy to this coveted stool of Oduduwa is already a finished work at Creation because, since you came on board, you’ve brought finesse to the throne and we are happy having you as our father and the spiritual head of Yoruba globally.”
Delivering his address, the Head of World Ifa Congress, His Eminence, Araba Adisa Aworeni said,
“it is a disservice to IFA adherents because they are always subject of attack to the foreign religion through hate speech that is always hurled at them.”
He lamented have always been neglected in the scheme of public Governance in Nigeria.
“They even find it difficult to consider our people for appointments into board of Culture and Trado-medical practitioners. We suffer non-recognition at public functions, they have refused to declare Public holiday for traditionalists except in the State of Osun by Governor Aregbesola.
Though, Oyo State House of Assembly have passed the bill but the bill is still awaiting the assent of the governor.
Non inclusion at the national inter religious Council is another maltreatment done to us”. Araba Aworeni lamented.
Meanwhile, the Managing Director of Grandoaks the producer of Seaman’s Aromatic Schnapps, Aare Fatai Odebode has appreciated Ooni Ogunwusi for the great work he’s doing around the globe to unite.
“Kabiyesi, you are a living testimony because within two years on the throne; you have done what should be done in fifty years. Our prayers is that God should keep preserving you and may long your reign be on the sacred throne of Oduduwa.”
“Grandoaks will always partner with Ife Kingdom on anything that has to do with culture and tradition because you are propagating us well to the outside world,” Aare Odebode said.
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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