Connect with us

Business

Trouble brews for Acting President, Osinbajo as Nothern leaders accuse him of appointing Church Members, Yorubas

Published

on

LEAVE OSINBAJO OUT OF THE POLITICS IN SADNESS

 

Northern leaders in the past weeks, have been grumblings about the acting president’s appointments

Dr Ismaila Farouk recently accused Osinbajo of ‘tactical’ nepotism and cronyism. He said: “Contrary to the widely held belief that vice President Osinbajo, a pastor of the Redeemed Christian Church of God, a Senior Advocate of Nigeria, and a Professor of Law is above board, a forensic analysis of his activities since he assumed office reveals that the VP has consistently abused his office, negating the principles of Federal Character and has systematically favored members of the Redeemed Church and his Yoruba tribe

 

The Northern leader lambasted the acting president for the appointment of Dr Okey Enelamah as Minister for Trade and Investment. He argued that Enelameh was his Deputy and later successor at the RCCG, Banana Island, Lagos. He also accused the acting president of appointing “his RCCG Brother” Alex Okoh as DG of the Bureau of Public Enterprise. According to the statement: “While Nigerians were trying to come to terms with the shock of Pastor Enelamah’s nomination, VP Osinbajo took a step further in his nepotistic disposition in the setting up of his office and selection of personal staff. ” First, he chose his former colleague at the University of Lagos Ade Ipaye who was also his Special Adviser while he was Attorney General of Lagos to serve as his Chief of Staff. Unsurprisingly, Ade Ipaye hails from Ogun state, the VP’s state of origin. ” He went on to relocate Laolu Akande, an indigene of Ogun state who was hibernating in New York to serve as his Media Adviser. For his Chief Economic Adviser, he appointed Ambassador Dipeolu also of Yoruba extraction. “The VP didn’t stop there, of his 10 Principal Officers in his office, 9 are from his Yoruba ethnic group. In his quest to perpetuate his ilk in government, the VP has capitalised on the magnanimity of President Buhari’s implicit confidence in him to plant his Yoruba and RCCG brethren in key agencies of government.” Senior Special Assistant, Media to the acting president, Laolu Akande, declined to comment, according to the Sun. Meanwhile, some northern leaders also criticized the acting president. Abubakar Tsav, former commissioner of police, Lagos state “Osinbajo has been very active as acting president working very hard, with zeal, dedication and utmost efficiency and this is commendable. However, the recent appointments he has been making alarm me. Those appointments are very narrow and sectional. Those appointments will create division and sow seeds of ethnic discord. “How can Osinbajo appoint more than 80 per cent of his personal staff from South-West? Not only that, names of Yoruba also feature prominently on the list of appointments he made into parastatals. Again, most of these appointees are Christians. This is unacceptable. Osinbajo should realise that he is now a national figure

 

“Although Osinbajo is humane, but he should be more liberal, and try to be pan-Nigerian in whatever he is doing . With the public outcry against him on this issue, I think he should do the needful. He should realise that what he has done on this appointments issue is not good for his own image, for the interests of the country, and it is also inimical to the growth and development of democracy in this country.” Alhaji Balarabe Musa, second republic governor of kaduna state said: “I will comment appropriately when I see it in prints. It has happened before. For instance, this culture of WAZOBIA all the time, and people are not ashamed of it. When the president comes from the North, you see him marginalizing the Southeast, when the president comes from the Southwest, you see him marginalizing the North, even when the president comes from the South-south you will not see the Southeast getting its fair share. That is why some people who are honest are saying that this time it has to come from the Southeast to give every Nigerian a sense of belonging and for national unity. So, let us test them and see if it will be the same thing from those from the North, Southwest and South-south. “It doesn’t make sense to surround yourself with people from your area; it doesn’t provide you with security. With the exception of Gowon and Murtala Mohammed, others didn’t give equal opportunities to people from other parts of the country. That is what Nigerians who are concerned should put their heads together to stop.” Dr. Junaid Mohammed, second republic member of the House of Representatives in his reaction said: “The way and manner Osinbajo made the recent appointment goes to prove that in the event of Osinbajo succeeding Buhari, we are going to have the same problem of nepotism, clannishness, cronyism and religious bigotry. “Buhari doesn’t know the difference between cronyism, clannishness and religious bigotry, but the one by Osinbajo is determined and being done to pursue and favour the Yoruba agenda in Nigeria. “This untenable and unacceptable and he should be reminded in very clear terms that he has failed legitimately, he was not elected. He is nothing but a spare tyre and he still remains that. “I understand (I have not been there though) that since Buhari came to power, if you go to Osinbajo’s office it is Ogun dialect that is spoken there. In addition also, all the key appointments, even those not made by Buhari, as he was not in office, he insisted on his own Yoruba people. Is that the kind of Nigeria we want to build? “All this goes to show that Nigerians were unfortunate to have Buhari as a leader, because if Buhari had been a leader there won’t have been all these problems, but because he is not in charge of the Presidency, it has been hijacked by the cabal, and Osinbajo is trying to hijacked what remains of the presidency. His actions are condemnable.” On his part, Alhaji Shettima Yerima, President, Arewa Youth Consultative Forum (AYCF), said: “a lot of government officials behave like that. When Buhari was making his appointments, some of us shouted and told him that this would not augur well with the nation, and we are thinking of how to unite the country to avoid any reason for people to be making agitations. What Osinbajo is doing is not different from what Buhari is doing whereby all appointments go to Daura village. “This won’t help us, we must begin to see that the right thing is done and begin to consider other people and give each person a sence of belonging. When you see agitations coming from some quarters, it is not that they want to go; it is that they are not given the sense of belonging. Meanwhile, the special assistant to former president Goodluck Jonathan on public affairs has said that it will be wrong for the Acting president Yemi Osinbajo to run for presidency if anything should happen to President Muhammadu Buhari. Doyin Okupe in an interview with Tribune said the Northern region of Nigeria will feel cheated out if Osinbajo runs for president in 2019. Citing the case of a former president late Umaru Yar’Adua, Okupe said the northerners are scared that what happened in 2010 after Yar’Adua’s death might happen again

 

 

Business

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Published

on

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.

 

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Continue Reading

Bank

Alpha Morgan to Host 19th Economic Review Webinar

Published

on

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.

Continue Reading

Business

GTBank Launches Quick Airtime Loan at 2.95%

Published

on

GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

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

Continue Reading

Cover Of The Week

Trending