Business
Transcorp Hilton Abuja celebrates 30 year Anniversary
The award winning Transcorp Hilton Abuja hotel in Nigeria is celebrating its 30th anniversary this year, having officially opened its door to its first guest on the 21st of April, 1987. The iconic hotel, which has through the years, hosted Royalty, Presidents, Global leaders, celebrities and other dignitaries, gathered friends, partners, clients, its board members and staff to commemorate its legacy and rich history as a pioneer in Nigeria’s hospitality sector.
Built on 20 hectres of land, the 670 bedroom 5-star hotel began operations as Nicon Noga Hilton Hotel, a member of the Hilton family of brands.
To commemorate this milestone, Transcorp Hilton Abuja hosted a cocktail and dinner with an array of entertainment and activities, highlighting and celebrating the impact of Transcorp Hilton as an iconic landmark in Nigeria.
Speaking at the dinner, Rudi Jagersbacher, President, Middle East and North Africa, Hilton Worldwide commended the Transcorp Hilton stating that its contribution to the brand equity and perception of Hilton Worldwide has been recognised all over the world.
“I would like to commend the entire hotel team for their incredible passion and commitment to delivering excellent experiences for our guests from around the world” he said.
Since its opening Transcorp Hilton Abuja, has played host to numerous high-profile and celebrity studded events, such as the ECOWAS, World Economic Forum Africa, Miss World Pageant, the Commonwealth Heads of Government Meeting (CHOGM), amongst others.
Opening the anniversary event, Tony O. Elumelu, chairman of Transcorp Plc owners of Transcorp Hilton Abuja, thanked guests and shareholders for begin a part of the journey so far. “On behalf of the board of Transcorp Plc, thank you for your custom, patronage and your good will. You are the reason we are celebrating today,” he said.
Elumelu added that Transcorp Hilton has transcended the description of being just a hotel to becoming one of Nigeria’s most valued icons.
“Transcorp is not just a company owned by people but an iconic institution owned by every Nigerian. Transcorp Hilton Abuja is beyond the Transcorp franchise; it is a national icon,” he concluded.
In line with its strategic goals, earlier this year, Transcorp Hilton Abuja embarked on a $100million renovation project to deliver on its promise of customer excellence. In 2016 alone, the hotel has won 11 awards and nominations on customer service and innovation.
The exclusive dinner was well attended, guests included Dr Emmanuel Ibe Kachikwu, the honourable Minister of state, Petroleum Resources; Simon Vincent, Executive Vice-President, Hilton, Europe, Middle-East and Africa; Dr Chris Ngige, Minister of Labour and Employment; Chika Balogun, Director General and Chief Executive Officer of the National Institute for Hospitality and Tourism (NIHOTOUR); Adim Jibunoh, CEO/President, Transcorp Plc. and Valentine Ozigbo, CEO, Transcorp Hotels Plc. amongst others.
West African Idol winner, Timi Dakolo graced the stage, launching the Transcorp Hilton anthem. Kaffy, Waje and K-Cee also entertained guests.
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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