Business
Stanbic IBTC Pension Managers’ FUZE Talent Show wins Judges’ Choice Award at 2023 WorldPensionSummit
Stanbic IBTC Pension Managers’ FUZE Talent Show wins Judges’ Choice Award at 2023 WorldPensionSummit
Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings and leading Pension Fund Administrator (PFA) in Nigeria, proudly announces receipt of the prestigious Judges’ Choice Award for Excellence and Innovation in the Communication and Engagement category at the WorldPensionSummit. This recognition was for the 2022 FUZE Festival organised by Stanbic IBTC Pension Managers in its attempt to meaningfully engage Nigerian youths through its talent show and festival.
The award ceremony took place recently at the renowned Louwman Museum in The Hague, The Netherlands, as part of the Pensions & Investments WorldPensionSummit 2023. The event served as a platform for industry leaders, experts, and innovators to convene, exchange knowledge, and recognise exceptional achievements in the global pension industry.
The WorldPensionSummit Judges’ Choice Award highlights and celebrates outstanding initiatives and proven solutions in pension. An external expert jury meticulously evaluated all nominations in the various categories and Stanbic IBTC Pension Managers was shortlisted as a nominated finalist in three categories – Pension Fund Design and Reform; Investments; and Communication and Engagement. The company was recognised alongside 32 other finalists and 10 winners from 17 countries.
Stanbic IBTC Pension Managers won the Award for Excellence and Innovation in the Communication and Engagement category. According to the Judges, Stanbic IBTC Pension Managers’ FUZE is bold and personal in the way it reaches out to new generations. It is well set up and prepared, it involves the relevant stakeholders and is an example of out-of-the-box thinking in the pension and financial sector. This award recognises Stanbic IBTC Pension Managers’ commitment to delivering innovative solutions in the pension industry.
Chief Executive, Stanbic IBTC Pension Managers, Olumide Oyetan said; “We are honoured to receive the Judges’ Choice Award for Excellence and Innovation in Communication and Engagement. This achievement underscores our continuous dedication to employing cutting-edge strategies and technologies to enhance the perception of pension and the financial industry in Nigeria and globally.
We will continue to champion initiatives that foster positive youth engagement, provide our valued pension contributors with seamless experiences, and empower them to make informed decisions for a financially secure future.”
Olumide sincerely thanked the judges, organisers, and participants at the Pensions & Investments WorldPensionSummit 2023; the exceptional staff of Stanbic IBTC Pension Managers; as well as clients, stakeholders, and Nigerian youths for their passion and dedication to excellence.
Olumide further remarked that FUZE 2023 will be even bigger and better. He said “We are taking things a notch higher this year as the 2023 edition features a two-week boot camp period with 28 finalists competing, honing their skills and engaging with industry experts to aid their overall development. As with 2022, the finals will hold in December and winners will be unveiled at the FUZE Festival which will also feature a vibrant marketplace and live concert.”
The Chief Executive invited the general public to engage with the FUZE Festival on digital and social media platforms; inviting them to download the Stanbic IBTC Events App so they can register to attend the FUZE Festival scheduled to hold 23 December 2023.
Stanbic IBTC Pension Managers is the largest PFA in Nigeria in terms of assets under management and enjoys a customer base of over two (2) million customers as at Q2 2023. To learn more about this award and FUZE, visit www.stanbicibtcpension.com
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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