Business
Stanbic IBTC provides prosthetic limbs, education trust funds to 20 children
#T4AL Pic 1: L-R: Chief Executive, Stanbic IBTC Holdings Plc, Mr. Yinka Sanni; Chief Executive, Stanbic IBTC Bank Plc, Dr. Demola Sogunle; Representative of the Minister of Health, Prof. Chris Bode; Non-Executive Director, Stanbic IBTC Holdings Plc, Mrs. Ngozi Edozien; Chairman, Stanbic IBTC Asset Management Limited, Mrs. Ifeoma Esiri; and Chief Executive, Standard Bank, Africa Region, Mrs. Sola David-Borha, during the flag off of the Stanbic IBTC 2017 “Together For A Limb” CSI Initiative Walk in Lagos, on Saturday, 28 Oct, 2017
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has provided 20 children with limb differences with prosthetic limbs and education trust funds under its signature corporate and investment initiative, ‘Together4 A Limb’. The provisions, the financial institution said, formed part of its commitment to see that every Nigerian child is given the opportunity to live a productive and fulfilled life.
A 4-kilometre charity walk to raise public awareness of children without limbs or limb differences was flagged off by the Guest of Honour, the Minister of Health, Prof Isaac Adewole, who was represented by the Chief Medical Director of the Lagos State University Teaching Hospital, Prof Chris Bode.
#T4AL Pic 2: R-L: Chief Executive, Stanbic IBTC Holdings Plc, Mr. Yinka Sanni; Non-Executive Director, Stanbic IBTC Holdings Plc, Mrs. Ngozi Edozien; a beneficiary prosthetic limbs & education trust donated by Stanbic IBTC, Hawa Mohammed; Father of the beneficiary, Mr. Mohammed during the presentation of cheques to beneficiaries of Stanbic IBTC 2017 “Together For A Limb” CSI Initiative in Lagos, on Saturday, 28 Oct, 2017
The charity walk was immediately followed by the presentation of cheques for the education trust fund to each of the latest beneficiary children, who had been successfully fitted with artificial limbs. This year’s seven beneficiaries were presented cheques by Prof Bode, Non-Executive Director, Stanbic IBTC Holdings Plc, Ms. Ngozi Edozien, and Chairman, Stanbic IBTC Asset Management Limited, Mrs. Ifeoma Esiri. In 2015 five children and in 2016 eight children benefitted from the initiative and received education trust funds and prostheses.
According to the Chief Executive of Stanbic IBTC Holdings PLC, Mr Yinka Sanni, the initiative is a key plank in the Group’s corporate social investment drive, which focuses on education, health and economic empowerment. He said the charity walk is an integral part of the initiative as it helps to draw attention to the plight of children with limb losses. He said the prostheses and education trusts Stanbic IBTC is providing for the children will not only help integrate them into society by boosting their self esteem but will also help them make something out of their lives.
“Stanbic IBTC contributes to society through our CSI initiatives and in several other ways. By providing prostheses and education trusts to indigent children with limb differences, we are assisting the children to live healthy and fruitful lives,” Sanni said.
#T4AL Pic 3: L-R: Mother of the beneficiary, Mrs. Loveth Azuka; Representative of the Minister of Health, Prof. Chris Bode; a beneficiary prosthetic limbs & education trust donated by Stanbic IBTC, Blessing Azuka; and Chairman, Stanbic IBTC Asset Management Limited, Mrs. Ifeoma Esiri, during the presentation of cheques to beneficiaries of Stanbic IBTC 2017 “Together For A Limb” CSI Initiative in Lagos, on Saturday, 28 Oct, 2017 /
The beneficiaries commended Stanbic IBTC for the assistance and expressed joy for the great opportunity given to them with the prostheses and the education trust funds. One of the beneficiaries, who spoke on behalf of others, Chinasa Akuma, said: “Thank you Stanbic IBTC for providing me and the others with artificial limbs and also helping with our education. The company will continue to do well and God will bless all the workers.”
Sanni reiterated the Stanbic IBTC Group’s commitment to assist, through its CSI initiatives, young Nigerians, particularly indigent Nigerians, to move forward in life and attain success.
Stanbic IBTC Holdings PLC, a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group, to which Stanbic IBTC Holdings belongs, is the largest African bank by assets and market capitalization. It is rooted in Africa with strategic representation in 20 countries on the African continent. Standard Bank has been in operation for over 153 years and is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.
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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