Business
STEWARDSHIP: HOST COMMUNITY MONARCHS LAUD PLANT DIRECTOR’S LEADERSHIP STYLE
STEWARDSHIP: HOST COMMUNITY MONARCHS LAUD PLANT DIRECTOR’S LEADERSHIP STYLE
Prominent Traditional rulers from Dangote Cement Ibese host communities have commended the leadership ingenuity of the outgoing Plant Director, Azad Nawabuddin saying his pleasant personality has boosted the cordial relationship between the cement company and the host communities.
It was a moment of accolades for Mr. Nawabuddin, during a send forth ceremony organized for him by the Ibese Plant to bid him farewell to Obajana where he has been transferred, as the monarchs one after the other took turn to shower encomiums on him.
The Aboro of Ibeseland, Oba Rotimi Mulero described the erstwhile Plant Director as a bridge builder whose leadership and administrative style has influenced better collaborations between the host communities and the Dangote Cement in so many areas.
He said the communities witnessed good projects and enjoyed employment enhancing empowerment programmes during the time of Nawabuddin as the Plant Director and would have wished he stayed longer. “Nevertheless, we are happy that the company management recognized his worth and has decided to second him to a bigger plant after all, the reward for hard work is more work.”
In his own remark, the Olu of Aga Olowo, Oba Kayode Adio Kusoro, said the relationship between the host communities and the Dangote Cement, Ibese has never been more cordial than during the tenure of Mr. Nawabuddin as the Plant Director and that his disposition to the community issues has been very commendable.
“The Plant Director is a good man. He listens to us. He is always concerned whenever we have issues to sort out. And that is why he has also enjoyed our cooperations, the communities, the youths, the women and the royal fathers.”, Olu of Aga Olowo stated.
Amidst applause form the staff and the invited guests, the Head, Social Performance, Ibese Plant, Mr. Ade Ojolowo as part of gestures to eulogize the former Ibese Plant Director and described his administration as very eventful while reeling out some milestones that characterized the stay of Mr. Nawabuddin as the head of the cement plant.
Said he: permit me to share with this gathering, some of the key indicators of the outstanding performance of Mr. Nawabuddin Azad in the course of his leadership of this Plant. His time marked an Increase in Ibese Plant Kilns’ Mean Time Before Failure(MTBF) and reduction in production downtime: Ibese Plant’s Year End average Kilns MTBF was between 181 to 200 minutes until Mr. Azad became the Plant Director. He introduced the use of Asonic Horns and ID fans tipping in all the four Lines to get to the current level of between 580 to 600 minutes. This is over 90% above the budgeted figure of 300 minutes, and has led to significant reduction in production downtime.
“Production volume and dispatch increase: The Plant also witnessed increase in cement production volume from about 6.7 million tons in 2018 to about 7.9 million tons and increase in Cement Dispatch to about 8.0 million tons under the leadership of Mr. Azad.
“In-house refurbishment of Rollers and attendant Forex Savings: DCP used to procure Raw Mills & Cement Mills Roller assemblies for replacement from overseas before Mr. Azad joined Ibese as PD. Procurement of these roller assemblies was stopped through his ingenuity, and in-house refurbishment of the old rollers commenced. This has been successfully implemented till date, with savings of over 500,000 Euros so far.
“Championing of Alternative Fuels Project: Ibese Plant is at the forefront of the DCP’s vision to get into International carbon trading after benchmarking its carbon footprint. Thanks to the introduction of the Alternative Fuels Project, which also has led to the stoppage of importation of expensive & high CO2 emission factor, coal. Agro-waste usage and substitution of coal saved the company 2.77 million USD and 17.3 million USD in the year 2022 and 2023 respectively, and the saving is expected to go higher in 2024 due to the just completed AF projects in all the four lines.
“As a friend of the community, Mr. Azad’s passion for the local communities as critical stakeholders to the Plant is outstanding. Our modest achievements in Social Performance in the last couple of years has been through his personal values and commitment, which has yielded unhindered support and collaboration. We have been able to record some firsts in our intervention programmes, including the Annual community day event; Women empowerment programme; Care for the elders, and Support for the vulnerable during festive periods etc. It is also to his adulation that we have recorded improved social investment delivery, improved relationship with key government functionaries, and overall local content development.”: HOST COMMUNITY MONARCHS LAUD PLANT DIRECTOR’S LEADERSHIP STYLE
Prominent Traditional rulers from Dangote Cement Ibese host communities have commended the leadership ingenuity of the outgoing Plant Director, Azad Nawabuddin saying his pleasant personality has boosted the cordial relationship between the cement company and the host communities.
It was a moment of accolades for Mr. Nawabuddin, during a send forth ceremony organized for him by the Ibese Plant to bid him farewell to Obajana where he has been transferred, as the monarchs one after the other took turn to shower encomiums on him.
The Aboro of Ibeseland, Oba Rotimi Mulero described the erstwhile Plant Director as a bridge builder whose leadership and administrative style has influenced better collaborations between the host communities and the Dangote Cement in so many areas.
He said the communities witnessed good projects and enjoyed employment enhancing empowerment programmes during the time of Nawabuddin as the Plant Director and would have wished he stayed longer. “Nevertheless, we are happy that the company management recognized his worth and has decided to second him to a bigger plant after all, the reward for hard work is more work.”
In his own remark, the Olu of Aga Olowo, Oba Kayode Adio Kusoro, said the relationship between the host communities and the Dangote Cement, Ibese has never been more cordial than during the tenure of Mr. Nawabuddin as the Plant Director and that his disposition to the community issues has been very commendable.
“The Plant Director is a good man. He listens to us. He is always concerned whenever we have issues to sort out. And that is why he has also enjoyed our cooperations, the communities, the youths, the women and the royal fathers.”, Olu of Aga Olowo stated.
Amidst applause form the staff and the invited guests, the Head, Social Performance, Ibese Plant, Mr. Ade Ojolowo as part of gestures to eulogize the former Ibese Plant Director and described his administration as very eventful while reeling out some milestones that characterized the stay of Mr. Nawabuddin as the head of the cement plant.
Said he: permit me to share with this gathering, some of the key indicators of the outstanding performance of Mr. Nawabuddin Azad in the course of his leadership of this Plant. His time marked an Increase in Ibese Plant Kilns’ Mean Time Before Failure(MTBF) and reduction in production downtime: Ibese Plant’s Year End average Kilns MTBF was between 181 to 200 minutes until Mr. Azad became the Plant Director. He introduced the use of Asonic Horns and ID fans tipping in all the four Lines to get to the current level of between 580 to 600 minutes. This is over 90% above the budgeted figure of 300 minutes, and has led to significant reduction in production downtime.
“Production volume and dispatch increase: The Plant also witnessed increase in cement production volume from about 6.7 million tons in 2018 to about 7.9 million tons and increase in Cement Dispatch to about 8.0 million tons under the leadership of Mr. Azad.
“In-house refurbishment of Rollers and attendant Forex Savings: DCP used to procure Raw Mills & Cement Mills Roller assemblies for replacement from overseas before Mr. Azad joined Ibese as PD. Procurement of these roller assemblies was stopped through his ingenuity, and in-house refurbishment of the old rollers commenced. This has been successfully implemented till date, with savings of over 500,000 Euros so far.
“Championing of Alternative Fuels Project: Ibese Plant is at the forefront of the DCP’s vision to get into International carbon trading after benchmarking its carbon footprint. Thanks to the introduction of the Alternative Fuels Project, which also has led to the stoppage of importation of expensive & high CO2 emission factor, coal. Agro-waste usage and substitution of coal saved the company 2.77 million USD and 17.3 million USD in the year 2022 and 2023 respectively, and the saving is expected to go higher in 2024 due to the just completed AF projects in all the four lines.
“As a friend of the community, Mr. Azad’s passion for the local communities as critical stakeholders to the Plant is outstanding. Our modest achievements in Social Performance in the last couple of years has been through his personal values and commitment, which has yielded unhindered support and collaboration. We have been able to record some firsts in our intervention programmes, including the Annual community day event; Women empowerment programme; Care for the elders, and Support for the vulnerable during festive periods etc. It is also to his adulation that we have recorded improved social investment delivery, improved relationship with key government functionaries, and overall local content development.”
Business
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.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
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.
Business
GTBank Launches Quick Airtime Loan at 2.95%
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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