Business
Stanbic IBTC provides N6.7b facility for BAZE University Teaching Hospital
Stanbic IBTC provides N6.7b facility for BAZE University Teaching Hospital
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has underscored its desire to help build robust education and health care systems in the country by providing funding for the building of BAZE University Private Teaching Hospital in Abuja.
At the commissioning of the teaching hospital, the Bank stated that the N6.7 billion facility provided to the university was a business decision that tied in with its commitment to help foster a robust educational sector and help build a sustainable health ecosystem that would enhance quality health services in the nation.
The 200-Bed private university teaching hospital building would help the institution produce world-class health professionals that would plug the manpower shortage in the sector as the hospital is set to provide approximately, 4,000 – 5,000 direct and indirect jobs. According to the Bank, equally important is that the hospital would be a great addition to the health sector and help improve access to quality healthcare for thousands of Nigerians on a daily basis while also creating employment opportunities.
Stanbic IBTC also sponsored the BAZE University Cultural Day Ceremony, which formed part of the activities lined up to mark the institution’s 10th anniversary.
In an interview at the event, Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, stated that the Bank was delighted to have been given the opportunity not to only finance the building of the private teaching hospital but also to be accorded the honour to sponsor part of the school’s activities to mark the celebration of a remarkable decade-long journey.
“At Stanbic IBTC, we believe that education and health are pivotal to sustainable economic development. As such, it is our corporate duty to support the sectors whichever way we can. We are delighted that this prestigious university took advantage of our facility as well as included us to be part of its private hospital commissioning and its 10th-anniversary celebrations. We hope it continues to strive to provide quality education and healthcare for Nigerians,” Demola said.
The commissioning of the BAZE University Private Teaching Hospital was held alongside the institution’s 7th and 8th convocation ceremonies, and its 10th year anniversary celebrations, which took place from 17-23 October. Dignitaries in attendance included Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC and Remy Osuagwu, Executive Director, Business and Commercial Clients, Stanbic IBTC Bank PLC, amongst others.
While delivering a speech at the ceremony, Professor Tahir Mamman, Vice-Chancellor of BAZE University, commended Stanbic IBTC for its contributions. According to the Vice-Chancellor, the kind support of Stanbic IBTC helped actualize the building of the hospital. Mamman also thanked Stanbic IBTC for its contributions to making the anniversary ceremonies and commissioning of the hospital a success. He added that such support would go a long way to enhance the well-being of the school and Nigeria in general.
Stanbic IBTC will continue to support similar initiatives and events that recognize landmarks in the Nigerian educational system, Demola assured.
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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