Connect with us

Business

‘We will kill christians, Blow up churches’ – Newly Appointed Boko Haram leader reveals

Published

on

boko

Nigeria’s Boko Haram Islamic extremists have a new leader who is threatening to bomb churches and kill Christians while ending attacks on mosques and markets used by ordinary Muslims, according to an interview published Wednesday by the Islamic State group.

He also says there is a Western plot to Christianize the region and has accused charities of using their aid for that, according to a SITE Intelligence Group translation of an interview published Wednesday in the Islamic State newspaper al-Nabaa.

The newspaper identified Abu Musab al-Barnawi as the new “Wali,” or governor, of its so-called West Africa Province.

The “Wali” title was previously used to describe long-time Boko Haram leader Abubakar Shekau.

The report did not say what Shekau’s current status was, although there have been rumors for weeks that he had been replaced.

The interview with al-Barnawi indicates a major shift in strategy for the Nigerian extremists, who have killed many more Muslims than Christians in attacks in mosques with suicide bombers and gunmen.

There have also been attacks on crowded marketplaces in predominantly Muslim areas and the killings and kidnappings of schoolchildren.

The targeting of students accounts for its nickname Boko Haram, which means Western education is sinful or forbidden.

“They strongly seek to Christianize the society. … They exploit the condition of those who are displaced under the raging war, providing them with food and shelter and then Christianizing their children,” SITE Intelligence quotes the new leader as saying.

Al-Barnawi says the militants will respond to that threat by “booby-trapping and blowing up every church that we are able to reach, and killing all of those (Christians) who we find from the citizens of the cross.”

Wednesday’s announcement indicates a coup by Boko Haram breakaway group Ansaru against Shekau, and follows a trend of extremist Islamic groups moving away from al-Qaida to the Islamic State, analyst Jacob Zenn said.

Ansaru broke away from Boko Haram because it disagrees with the indiscriminate killing of civilians, especially Muslims.

Al-Barnawi is the pseudonym of a Nigerian journalist allied with Ansaru, which is known for kidnapping foreigners, according to Zenn.

In March 2015, Shekau switched allegiance from al-Qaida and declared that Boko Haram be known as the Islamic State’s West Africa Province.

At the time, Boko Haram was the most powerful military force in northeast Nigeria, controlling a huge area and was better equipped and motivated than Nigerian forces.

Under Shekau, the seven-year insurgency spread to neighboring countries, killed more than 20,000 people and drove more than 2.2 million from their homes, and created what aid workers are calling a catastrophic humanitarian emergency with children dying of starvation daily.

Boko Haram last week ambushed a humanitarian convoy, killing three civilians including a U.N. employee and causing the suspension of U.N. aid to newly liberated but still dangerous areas of Nigeria’s northeast.

Since last year, Nigeria has a new leader, President Muhammadu Buhari, a former military dictator who has better armed and motivated security forces.

He is also fighting corruption that diverted $2.1 billion that was meant to buy weapons to fight the Islamic uprising, and is cooperating with a multinational force that has the extremists on the run.

In the interview, al-Barnawi said that under his leadership the militants will work to seize back territory.

He said that increasing numbers of youth are joining the cause, though Nigeria’s military reports that hundreds of its fighters have surrendered as aerial bombardments and ground assaults cut supply routes.

 

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

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