Business
REVEALED!!! How President Buhari’s in-law to be attacked Wife of Nassarawa State Governor over marriage dowry in Aso rock + Why marriage was postponed
The planned high profile marriage between Zahra Buhari, the attractive and outgoing daughter of President Muhammadu Buhari, and Ahmed Indimi, the son of an oil magnate from Borno State, Mohammed Indimi, may have been deferred following the physical altercation that trailed the delivery of several stacked dowry boxes valued at N44 million (using the official exchange rate) to the first family.
Trouble started on November 18, during the traditional introduction ceremony, when the sister of the groom, Yataka Indimi, insisted on taking her mobile phone into the Presidential Villa, Abuja, contrary to security protocol. THISDAY gathered that Yataka wanted to record all the proceedings, including the delivery of the boxes made by the French luxury brand, Louis Vuitton, with her mobile phone, despite the fact it was against standard security protocol in the villa. In line with the Hausa/Fulani tradition, the boxes, according to sources, contained cash, jewelry, clothes, bags, shoes and other gifts valued at several millions of naira for Zahra and the first family.
However, a struggle ensued between Yataka and the security officials who tried to compel her to comply with protocol, only for her to resist. The incident attracted the attention of other dignitaries who tried to stop the scuffle. According to a reliable family source, the argument degenerated to a scuffle, compelling the wife of the Nasarawa State governor, Mrs. Tanko Almakura, to step in to stop the altercation from getting out of hand and may have injured her arm in the process. “As of today, we learnt that the Nasarawa first lady is still nursing her wounds and is being treated for a dislocation,” the source said.
THISDAY learnt that the incident was so embarrassing that it incurred the wrath of the president over the behaviour of the Indimis. Indeed, Buhari was reported to have threatened to return the boxes and stop the marriage ceremony that had been scheduled to climax on Sunday, December 4. “We learnt that the president who was displeased with the development and behaviour exhibited by the Indimi family, vowed to return the boxes and not approve of the marriage. “The president was also of the view that the gifts were too expensive and incompatible with his modest lifestyle and has asked the Indimis to take the boxes back. “I think we must give it to the president for taking this stand, and cementing his reputation for not tolerating indiscipline,” a source close to the presidency said. However, elders close to the Buhari and Indimi families are at the moment trying to prevail on the president not to return the boxes, as he would be bucking tradition. They are also working on resolving the tension that has arisen since the altercation, so that the wedding could go ahead as planned, if not this weekend, then as soon as possible. Further findings revealed that while Buhari might not be favourably disposed to the idea of marrying out his daughter to a wealthy suitor, the wife of the president and her daughters, who are more liberal, are rooting for the marriage. Sources revealed that the daughters of Mohammed Indimi, the billionaire owner of Oriental Energy that operates a number of oil assets in the Niger Delta region, have a history of marrying the male children of first families or former heads of state.
An insider said that Indimi’s first daughter is married to Mohammed Abacha, son of the late military dictator, General Sani Abacha, who ruled Nigeria between 1994 and 1998. Another daughter is married to the first son of former military president, General Ibrahim Babangida (rtd), who coincidentally overthrew Buhari in a palace coup in 1985, when the latter was Nigeria’s military head of state. “The Babangida marriage is blessed with five children. But the marriage as we speak, has hit the rocks and the case is in court. This, added to the fact that Indimi’s business ties with Afren, which is being wound up in the UK after a slew of scandals, has raised questions,” the source said. Zahra, who is the youngest and most visible daughter of the president, is a graduate of medical microbiology from the University of Surrey in the UK. She is also the ambassador for SCAF, a foundation that aims to minimise the incidence of sickle cell anaemia in Nigeria.
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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