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‘The future of PDP is uncertain’ – Governor Mimiko
Chairman of the Peoples Democratic Party (PDP ) Governors’ Forum, Dr. Olusegun Mimiko, has raised fears over the possible survival of the party, saying the opposition party may go into extinction.
The National Headquarters of the PDP is yet to be reopened, 52 days after it was shut. Mimiko hinged his fears on indiscipline among the rank and file of the party members which has given rise to several litigations in different courts on the leadership crisis in the party. He spoke at the zonal meeting of the PDP held in Akure, the state capital, yesterday.
Both Senators Ali Modu Sheriff and Ahmed Makarfi factions are in Lagos, Port Harcourt and Abuja courts contending over the leadership crisis in the party. Mimiko said it was indiscipline that made people to rush to court over issues that could be settled without interference of the judiciary. This indiscipline, he said, must be kicked out of the PDP before it kills the party .
Apparently referring to Sheriff , Mimiko wondered how somebody would think of running a political party based on court judgements when all organs of the party have not given him the nod.
These courts cases , he said, may eventually lead to the death of the party and foster one – party state and dictatorial tendency on the citizens.
His words: “ Unless, let me repeat it, unless we exorcise this demonic tendency to rush to the court, this party will never find its feet: the future is jeopardised, the future will continue to be uncertain if each time anybody feels abused the next thing is to go to court. “I think this is one area we must tackle as a party if we must move forward. That is the biggest threat and challenge we have as a party.
Nobody should deceive himself, especially those who are not direct political practitioners, nobody should deceive himself that trouble in PDP will necessarily translate and remain as trouble within PDP alone. Ultimately, the PDP that is unsettled is a veritable origination of dictatorship in our land.”
According to him, the high level of indiscipline in the party has culminated into series of leadership crises at the national level and challenges that also have overbearing effects in some state chapters of the party.
According to him, “there is no question about the fact that recent events within our party can challenge anybody no matter how strong hearted you are. Recent events in our party can set people asking; is this party really jinxed?” “One of those weaknesses is this demonic propensity to rush to the court for issues that can be settled within.
I think the level of indiscipline in the PDP is the number one challenge we have. ” Mimiko compared the PDP with the ruling All Progressives Congress (APC), saying “ as divisive as APC is, in spite of all the different tendencies working themselves out in APC, I have not heard of their cases in court.
But, PDP has endless cases in courts. That is the demon we must exorcise from PDP if this party must progress. ” Meanwhile , Sheriff has denied media reports that the senator representing Ogun East in the National Assembly, Buruji Kashamu, is his political godfather.
This is as former National Vice Chairman (South- South ), Dr. Cairo Ojougboh, has predicted that PDP would come out stronger after its present crisis. There have been media reports that the leadership crisis in PDP was because of Kashamu who have been nudging Sheriff to keep on laying claim to the party’ s leadership.
But Sheriff, in a statement yesterday by his media aide, Inuwa Bwala, described it as a smear campaign and urged PDP loyalists to work towards finding lasting solution to the crisis in the party.
“While it remains obvious that the said report was part of the mischief and orchestrated smear campaigns embarked upon by some people against the National Chairman, we wish to state for the avoidance of doubt that, he has no godfather in politics and Senator Buruji Kashamu could not have been one.
“It is becoming clearer that the PDP National Chairman’s critics have run out of ideas on how to achieve their selfish agenda, hence the resort to blackmail and blatant falsehood in order to distract Sheriff from manifesting his capacity to reposition the PDP,” the statement noted.
A correspondent of the News Agency of Nigeria (NAN ) who visited the party ’s national secretariat yesterday reports that its entrance was still locked and manned by men of the Nigeria Police. As at 2 p.m, the time of visit, no fewer than 10 police officers were seen within and outside the secretariat. A police Hilux vehicle from Wuse Division, marked NPF 6684 C, was used to block the access road to the complex.
However, few members of staff of the secretariat were seen hanging around under trees, nursing the hope of having the office reopened soon.
Armed police officers had, on May 22, blocked all the entrance gates to the secretariat, preventing human and vehicular movements to the facility. The action, according to the police, was to prevent crisis from springing up following the party ’s May 21 national convention held in Port Harcourt.
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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