Business
WAEC releases 2016 GCE results, withholds 13,488 results
The results of 13,488 private candidates, out of the 172,699 who sat for the 2016 West African Senior School Certificate Examination (WASSCE), have been withheld.
Olu Adenipekun, Head of National Office (HNO) of the WAEC, announced this while releasing results of the Nov/Dec diet of the examination on Friday in Lagos.
Mr. Adenipekun said the results were withheld in connection with various cases of examination malpractice.
According to him, the results withheld represent 7.81 per cent of the total number of candidates who sat for the examination.
He said that the cases of malpractices were being investigated and that reports of the investigations would be presented to the appropriate committee of the council in due course, for consideration.
The HNO added that the committee’s decision would be communicated to the affected candidates thereafter.
Giving a further breakdown of the results, Mr. Adenipekun said that 176,621 candidates registered for the examination, out of which 172,699 sat for the tests.
He said that of the figure, 88,290 were males, while 84,409 were females, representing 51.12 per cent and 48.88 per cent respectively.
Mr. Adenipekun said that 1,210 other candidates had some of their subjects still being processed due to some errors traceable to them in the course of writing the examination.
“Such errors are being corrected by the council to enable the affected candidates get their results fully processed and released subsequently,’’ he said.
According to him, out of the 172,699 that sat for the examination, 72,229 candidates, representing 41.82 per cent obtained credits and above in six subjects.
A total of 95,294 representing 55.18 per cent obtained credits and above in five subjects, while 116,133 candidates, representing 67.25 per cent, obtained credits and above in four subjects.
Similarly, 134,152 candidates, representing 77.67 per cent, obtained credits and above in three subjects, while 149,651 candidates, representing 86.65 per cent, also scored credits and above in two subjects.
Mr. Adenipekun explained that 66,497 candidates, representing 38.50 per cent, obtained credits and above in five subjects, including English Language and Mathematics.
Giving a comparative analysis of the performance of the candidates who sat for the 2016 Nov/Dec of the examination, the HNO said there was an improvement when compared to candidates’ performance in the same examination in the 2014 and 2015 diets.
“In the percentage of candidates that obtained credits and above in five subjects, including English and Mathematics in this year’s examination, there is improvement in the performance this year when compared to the 29.37 per cent in 2014 and 20.59 per cent in 2015 respectively,’’ he said.
Mr. Adenipekun attributed the improved performance to the impact of democracy in the country.
He said that many state governments were now showing commitment towards improving education in their respective states.
“More infrastructure are being put in place, more schools also being built, while existing ones are being improved upon,’’ the HNO said.
On its part, he said that WAEC maintained the standard of the examinations at all times.
He assured that the council would continue to organise seminars for stakeholders to discuss the way forward for the Nigerian child.
“We will always ensure the examinations are taken to the places of habitat of the candidates, no matter the challenges.
“This is to ensure that no one is denied the right to education,’’ he said.
The official said that 19 blind candidates registered and sat for the examination.
Mr. Adenipekun said that candidates who sat for the examination would be able to check the details of their performance on the council’s website in the next 24 hours.
(NAN)
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
-
celebrity radar - gossips6 months agoWhy Babangida’s Hilltop Home Became Nigeria’s Political “Mecca”
-
society6 months agoPower is a Loan, Not a Possession: The Sacred Duty of Planting People
-
society5 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news6 months agoTHE APPOINTMENT OF WASIU AYINDE BY THE FEDERAL GOVERNMENT AS AN AMBASSADOR SOUNDS EMBARRASSING
You must be logged in to post a comment Login