Business
We will pay 5,000 each to 25 million unemployed Nigerians – APC
The All Progressives Congress, APC, has assured Nigerians that it will not renege on its campaign promise to pay N5, 000 each monthly to 25 million most vulnerable Nigerians, while calling on the citizens to ignore the “mischievous” attempt by the Peoples Democratic Party, PDP, to confuse and mislead them on this issue.
The party said with the Treasury Single Account of the Buhari administration, N1.4 trillion has been mopped up from various banks and are now safely in the TSA.
The party also said the government has set aside $2.5 billion for various infrastructural projects and another N2.5 trillion as special intervention fund.
Nigerian Senators were on Tuesday were sharply divided along party lines when PDP members canvassed a motion for the payment of N5000 stipend to all unemployed youth as promised by the APC.
The motion appeared an attempt by the opposition party to mock the APC-government that is already struggling with severe revenue shortage.
The PDP later issued a statement on Wednesday saying the APC Senators were only doing the bidding of their party, which it said only used the monthly stipend as campaign strategy and that the party never intended to implement it.
However, in a statement issued in Abuja on Friday by its National Publicity Secretary, Lai Mohammed, the APC said even though the PDP-led Federal Government plundered the common wealth in its time, it (APC) has devised creative means not only to pay the money but also to fulfil its other campaign promises to Nigerians.
It said the non-implementation of the payment policy so far is due to the fact that it was not included in the 2015 budget, which was prepared by the PDP-led Jonathan Administration, and also because of the need to first block all financial leakages.
”Now, the Buhari administration has been busy putting into place measures that will make it possible to start the implementation of this project. Such measures include the introduction of the Treasury Single Account (TSA).
”We are happy to inform Nigerians that as at the end of September 2015, over 1.4 trillion Naira – which hitherto was lying unproductively in various commercial banks – has been recovered and paid into the TSA,” APC said.
The party said that in its usual “jumpy and superficial approach” to issues, the irresponsible opposition has already rushed to judgement on the issue without bothering to hear from the APC, which made the promise in the first instance.
”Had the PDP not sacrificed the truth on the altar of political expediency, it would have realized that the APC never at any time indicated it has reneged on its promise to pay 5,000 Naira monthly to 25 million most vulnerable Nigerians.
In our press statement of Aug. 30th 2015, we still reiterated our plan to redeem our campaign promises, including the social security payment policy, despite the primitive looting of the treasury under the watch of the PDP.
”It is therefore astonishing that the same PDP, which is becoming more and more infamous for its penchant for peddling half-truths and sensationalizing every issue, will rush to the press to celebrate the figment of its imagination that the APC will not fulfill its campaign promise regarding the payment,” it said.
The APC said the Buhari administration is also embarking on a massive infrastructure renewal programme in the areas of roads, rail and power, for which a 2.5-billion-dollar Infrastructure Fund is being put in place.
”Contrary to the disinformation being peddled by the PDP, the Buhari administration is poised to lift millions of Nigerians out of extreme poverty by providing social protection and safety nets with another 2.5 trillion Naira Special Intervention Fund,” the party said.
Premium Times
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.
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It is a bi-monthly platform that is open to the public and is held virtually.
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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
Business
BUA Group, AD Ports Group and MAIR Group Launch Strategic Plan for World-Class Sugar and Agro-Logistics Hub at Khalifa Port
BUA Group, AD Ports Group and MAIR Group Sign MoU to Explore Collaboration in Sugar Refining, Agro-Industrial Development, and Integrated Global Logistics Solutions
Abu Dhabi, UAE – Monday, 16th February 2026
BUA Group, AD Ports Group, and MAIR Group of Abu Dhabi today signed a strategic Memorandum of Understanding (MoU) to explore collaboration in sugar refining, agro-industrial development, and integrated global logistics solutions. The partnership aims to create a world-class platform that strengthens regional food security, supports industrial diversification, and reinforces Abu Dhabi’s position as a hub for trade and manufacturing.
The proposed collaboration will leverage BUA Group’s industrial and logistics expertise, Khalifa Port’s world-class infrastructure, and AD Ports Group’s operational experience. The initiative aligns with the objectives of the UAE Food Security Strategy 2051, which seeks to position the UAE as a global leader in sustainable food production and resilient supply chains. It also aligns with Nigeria’s food production- and export-oriented agricultural transformation agenda, focused on scaling domestic capacity, strengthening value addition, improving post-harvest logistics, and unlocking new markets for Nigerian produce across the Middle East, Asia, and beyond.
Photo Caption: L-R: Kabiru Rabiu, Group Executive Director, BUA Group; Cpt. Mohammed J. Al Shamisi, MD/Group CEO, AD Ports Group; Saif Al Mazrouei, CEO (Ports Cluster) AD Ports Group; Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group; and Steve Green, Group CFO, MAIR Group
Through structured aggregation, processing, storage, and maritime export channels, the partnership is designed to reduce supply chain inefficiencies, enhance traceability and quality standards, and also create a predictable trade corridor between West Africa and the Gulf.
BUA Group—recognised as one of Africa’s largest and most diversified conglomerates, with major investments across sugar refining, food production, flour milling, cement manufacturing, and infrastructure- brings extensive industrial expertise and large-scale operational capability to the venture. MAIR Group will provide strategic support in developing integrated logistics and agro-industrial solutions, creating a seamless platform for production, storage, and distribution.
Abdul Samad Rabiu, Founder and Chairman of BUA Group, said:
“This MoU marks an important milestone in BUA’s international expansion and reflects our long-term vision of building globally competitive industrial platforms. Together with AD Ports Group and MAIR Group, we aim to develop sustainable food production and logistics solutions that strengthen regional supply chains and support the UAE’s Food Security Strategy 2051.”
He further added that, “This partnership represents not just a commercial arrangement but a strategic food corridor anchored on shared economic ambition, resilient infrastructure, and disciplined execution, reinforcing long-term food security objectives for both nations.”
A representative of MAIR Group added:
“This collaboration underscores our commitment to advancing strategic industries in Abu Dhabi and building integrated solutions that reinforce the UAE’s position as a global hub for trade, food security, and industrial excellence.”
A spokesperson from AD Ports Group commented:
“Our partnership with BUA Group and MAIR Group highlights Khalifa Port’s role as a catalyst for high-impact industrial investments. This initiative will enhance regional food security, strengthen global trade connectivity, and support Abu Dhabi’s economic diversification goals.”
This MoU marks a historic collaboration that combines world-class infrastructure, industrial expertise, and strategic vision, setting the stage for a sustainable and resilient food and logistics ecosystem that will benefit the UAE, the region, and global markets alike.
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