Business
Real reasons i wanted to Jump into Third Mainland Bridge lagoon – RCCG Member, Taiwo Momoh reveals
It seems the latest trend is commiting suicide by jumping into the Lagoo. Just last week, the story of a medical doctor went viral after jumping into the Lagoon on third Mainland Bridge for reasons unknown. Another story has come up now, of a redeemed Christian Church Of God member, Taiwo Momoh, who almost jumped into the Lagoon if not for the timely intervention of the Lagos police
However, when questioned by the Lagos Police, she reveaked the reasons that led her to the life-taking trial
“As you are seeing me like this, well dressed, you would think am living fine. But in my heart is a heavy burden. A burden of huge debt, disappointment from trusting people and abandoned by a son I love and bought a car for. I am a moving corpse”.
Shortly after the report of Mrs. Abigael Ogunyinka who was rescued by fishermen in Lagos Lagoon early Friday morning, another woman was today prevented at about 11:25 a.m from leaping into the Lagoon by the operatives of the Rapid Response Squad of the Lagos state Police Command.
The lady, Taiwo Momoh, 58, a textile dealer in Lagos Island, had put off her shoes and was wrapping her dress around her when men of RRS 226 prevented her from jumping.
The lady, who lives in Lekki Lagos, disclosed that she was pushed to committing suicide in order to put an end to her constant sleeplessness and shame occasioned by her indebtedness to three Swiss textile dealers.
She noted that her problem started sometimes in 2015, when a Bureau De Change dealer carted away her N18.7 million she wanted to change to pay her foreign creditors.
She added that the creditors had given her Swiss textiles worth several millions of naira, noting that she has maintained good relationship with the creditors for more than 15 years.
Her condition she said became compounded when robbers invaded her shop in Lagos Island, carting away most of the textiles that was left with her.
She emphasized that most of the time, she has been having sleepless nights and seeing the ghosts of the creditors whenever she was alone.
Momoh, a member of the Redeemed Church, disclosed that on several occasions she had attempted to see her Parish Pastor to identify with her problem and for the church to help her raise money to meet her Swiss Creditors in order to assure them that she would pay their money.
She noted that she was only allowed to see the second in command, which has yielded no fruits.
“Added to all these, my first son, whom I felt would stand by me and console me abandoned me. By the time I’m gone, maybe he would come around and inherit what is left.
I don’t want to use my debt and death to disturb anybody. I was in the shop this morning. I have looked everywhere and estimated what is there. I think, with my house, a bungalow, those I am leaving behind can still live comfortably. I want to go and meet God. This world is empty”, she stated.
“I won’t because I want to get rich join a cult. I go my way and I don’t socialize unnecessarily.”
She added, “I was a Muslim, I have because of this problem been jumping from one faith to the other. The problem is too much for me to bear. I want to go back to God.
“That is why I have dressed very simply. I am ready to meet HIM. If He cannot address my problem on earth, let me go back to Him.”
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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