Business
The Address Homes chairman, Onasanya, donates block of classrooms to Lagos community
The Address Homes chairman, Onasanya, donates block of classrooms to Lagos community, harps on making education accessible to every child
The Chairman/Founder of The Address Homes Limited, Dr Bisi Onasanya, has donated a completed multi-million naira block of classrooms to Ilara community in Epe, Lagos State in furtherance of his vision to support education through his philanthropic works.
The donation of a block of six classrooms with a fully-equipped library at Ilara Model Primary School, Ilara, Epe, was made by Onasanya in collaboration with the Rotary Club of Lagos, Bowen College and Bank of Industry and was commissioned by His Royal Majesty Oba Olufolarin Olukayode Ogunsanwo, the Alara of Ilara-Epe Kingdom on Monday.
Speaking at the commissioning ceremony, Onasanya, a former Group Managing Director and Chief Executive Officer of First Bank Plc, said the gesture formed part of his efforts to support the underprivileged and contribute his quota in bridging the infrastructural deficit in Nigeria’s education sector.
Onasanya, whose company, The Address Homes Limited, leads the luxury homes market of the property industry, reckoned that the figure of children without access to education in Nigeria is still alarmingly high, a development that should trigger an alignment between the government, private sector and well-meaning Nigerians to address the gap.
“I have always believed that as individuals we should always remember where we are coming from. Society has been kind to some of us and we should give thanks to God; in addition to that, we must give back to that society.
“There is an event that I never shared but remains indelible in my memory. I attended St. Paul Primary School in Idi Oro, Mushin, Lagos, a public school, I remember that on my very first day in school, there was a very rowdy session because people were struggling to get enlisted. I am not sure my mum will remember this incident, the head of the school then, because of the rowdiness and the first come, first serve arrangement, actually slapped my mother. I was six years old, that was in 1967, I can never forget and it made me resolute that no child should be made to go through a situation like that to access education and no child should be disadvantaged as a result of the status of his parents.
“The UNICEF standardization report showed that only 61 percent of children between ages 6 and 11 are in school; this is a dangerous situation and I just thought that no child should be denied basic and quality education, no child should be made to walk up to a mile before he or she could access quality education and I think this is a big opportunity to achieve what I have always wanted to do which is making education easy and accessible to every child,” said Onasanya who recently bagged an honourary doctorate degree in finance from the Federal University, Oye-Ekiti.
Meanwhile, the outgoing President of the Rotary Club of Lagos, Joseph Aikhigbe, recalled how Onasanya promptly acceded to their request for the construction of the classrooms which underlined the property mogul’s commitment to the upliftment of education in Nigeria.
“Education is a powerful agent of change, it stabilises lives and livelihood and drives long-term economic growth. It is every child’s right to have access to quality and basic education. We thank Dr Bisi Onasanya; we approached him on this laudable project and he showed his commitment and kept his word. It is difficult to find people like him, he only told us it is done, and today we are commissioning the project. We laid the foundation on September 29, 2022, and today the edifice is standing before us,” he said.
An elated Oba Ogunsanwo said he immediately approved the land for the construction of the project because it aligned with his vision for the kingdom. He said Dr Onasanya’s kind gestures would go a long way in solidifying education in his domain.
“When I ascended the throne, I said attention to education will be one of the bedrock of what we do and my three years of ascension have been dedicated to educating our children because they are not only our tomorrow, they are our today, if you train a child, you are educating a nation. We thank God to have bestowed this edifice on the people of Ilara Kingdom through Dr Bisi Onasanya. We also thank Bowen College for providing the furniture and the Bank of Industry for the e-library as well as the physical library. We can’t thank you enough and may God reward you,” said Oba Ogunsanwo, who is the Vice Chairman of Lagos State Council of Obas.
One of the major highlights of the event was the bestowment of the chieftaincy title of Akinrogun and Yeye Akinrogun of Ilara Kingdom on Dr Onasanya and his wife, Helen, by Oba Ogunsanwo.
Many royal fathers within Lagos and beyond graced the well-attended event. Other dignitaries at the ceremony include the Permanent Secretary, Ministry of Education, Abayomi Abolaji; the Chairman of Lagos State Universal Basic Education Board, Wahab Olawale Alawiye-King and property merchant, Otunba Yemi Lawal, among others.
PHOTO CAPTIONS
[PIX -1] L-R: Olori Yetunde Ogunsanwo, HRM Oba (Dr) Olufolarin Olukayode Ogunsanwo, (Telade IV) The Alara of llora Kingdom, Dr. Bisi Onasanya, Chairman/Founder, The Address Homes Ltd, Rrn. Omorunde Lawson, District Governor, 2022-2023 and Rtn. Joseph O. Akhigbe, President, Rotary Club of Lagos and students of Dowen College during the commissioning of block of 6 classrooms with fully equipped library donated by Dr. Onasanya for Ilara Model Primary School, Along Igbonla Road, Igboku-Kekere llara, Eredo LCDA, Epe Division, Lagos State, on Monday June 26, 2023
[PIX 2] L-R: Olori Yetunde Ogunsanwo, HRM Oba (Dr) Olufolarin Olukayode Ogunsanwo, (Telade IV) The Alara of llora Kingdom, Dr. Bisi Onasanya, Chairman/Founder, The Address Homes Ltd and Otunba Yemi Lawal during the commissioning of block of 6 classrooms with fully equipped library donated by Dr. Onasanya for Ilara Model Primary School, Along Igbonla Road, Igboku-Kekere llara, Eredo LCDA, Epe Division, Lagos State, on Monday June 26, 2023
[PIX 3] L-R: HRM Oba (Dr) Olufolarin Olukayode Ogunsanwo, (Telade IV) The Alara of llora Kingdom, Dr. Bisi Onasanya, Chairman/Founder, The Address Homes Ltd and Otunba Yemi Lawal during the commissioning of block of 6 classrooms with fully equipped library donated by Dr. Onasanya for the Ilara Model Primary School, Along Igbonla Road, Igboku-Kekere llara, Eredo LCDA, Epe Division, Lagos State, on Monday June 26, 2023
[PIX 4] L-R: HRM Oba (Dr) Olufolarin Olukayode Ogunsanwo, (Telade IV) The Alara of llora Kingdom with Dr. Bisi Onasanya, Chairman/Founder, The Address Homes Ltd during the commissioning of block of 6 classrooms with fully equipped library donated by Dr. Onasanya for Ilara Model Primary School, Along Igbonla Road, Igboku-Kekere llara, Eredo LCDA, Epe Division, Lagos State, on Monday June 26, 2023
[PIX 5] Block of 6 classrooms with fully equipped library donated by Dr. Bisi Onasanya, Chairman/Founder, The Address Homes Ltd for Ilara Model Primary School, Along Igbonla Road, Igboku-Kekere llara, Eredo LCDA, Epe Division, Lagos State, commissioned on Monday June 26, 2023
[PIX 6] Fully equipped library within the Block of 6 classrooms donated by Dr. Bisi Onasanya, Chairman/Founder, The Address Homes Ltd for Ilara Model Primary School, Along Igbonla Road, Igboku-Kekere llara, Eredo LCDA, Epe Division, Lagos State, commissioned on Monday June 26, 2023.
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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