Business
‘When i thought about what transpired, I shed tears’ – Sen. Remi Tinubu talks on Fight with Dino Melaye
The representative of Lagos-Central Senatorial District in the Senate, Oluremi Tinubu, has said as a Christian she has forgiven her Kogi-West counterpart, Senator Dino Melaye.
But she added that she would not be intimidated by anybody.
Tinubu said this on Wednesday when a delegation of the Lagos State House of Assembly members from Lagos-Central and members of the All Progressives Congress caucus in the Senate as well as some party leaders paid her a solidarity visit at the National Assembly Complex, Abuja, on Wednesday.
The Lagos-Central caucus was led by Senator Muniru Muse, while the National Assembly caucus was led by Senator Gbenga Ashafa.
Tinubu had accused Melaye of assaulting her verbally during an executive session of the Senate last week Tuesday.
Melaye, who denied the allegation, had also made counter-claims that the female lawmaker also assaulted him verbally.
Tinubu said when she started to think about all that transpired in the Senate for some days on Wednesday, she shed tears for the first time on her encounter with Melaye.
She said, “When the Senate President invited me yesterday (Tuesday) and I gave my word. You can see the channel I have taken in the aftermath of the event. I reported to the IGP; I wrote to him also, after I waited for one week. When it happened, it was him I went to. I waited for one week and nothing was done. I also wrote to the party (the APC) chairman.
“I met with the Senate leadership yesterday (Tuesday) after one week; I met with him (Senate President Bukola Saraki) yesterday. And as a Christian, I said I had already forgiven him (Melaye) for the way I was treated. But the point is that what people don’t realise is that I am a very reserved person.
“After I gave my word to him (Saraki) yesterday, I told myself that at 55 I am not a wimp of anybody.
“I witnessed the Sani Abacha regime and I know what I saw and why I am committed to this cause. But now, my hands are tied to say I forgive people. I am a Christian; when I give my word, I must abide by it. But I am not scared to follow this through.
“I am not championing a cause for women. I am only standing in my space and if my space is encroached upon, I have to fight back. Rosa Parks wasn’t an activist; she just decided to sit in her space and not give up her space to anybody in a bus. And that sent a message.
“I want to use this opportunity to thank all Nigerian women who rose up; the women rights groups who are calling, conducting press conferences and doing a lot of things.”
The senator also denied sponsoring women groups to protest on her behalf against Melaye. She stated that she had given her best to her constituency in the past five years and that inspired the protests that had trailed the verbal assault on her.
“I didn’t give anybody anything; I don’t even have N80m in my personal salary account in the Senate. And I don’t think if I have any other savings I want to use it to mobilise women to protest. What about the investments we have put into politics? How much has that done for this country?” Tinubu said.
Earlier on Tuesday, hundreds of women from various groups had besieged the main gate of the National Assembly Complex, asking the leadership of the federal legislature to act on the matter.
The Woman Leader of the APC in South-West, Mrs. Kemi Nelson, stated that the assault on Tinubu was not only on the lawmaker alone but an insult to the women fold.
She argued that the protests were not all about Tinubu but in the general interest of women, more of whom, Nelson said, were now becoming victims of abuses and assault.
She said, “Enough is enough of such assault from Melaye to any woman in the society and the Senate must take a disciplinary action against him. This is impunity and it has to be stopped. We must be accorded out rights.”
Earlier, some members of the Lagos State House of Assembly on Wednesday besieged the National Secretariat of the APC to protest against Melaye.
The protesters including Desmond Elliot were led by the Deputy Speaker of the state House of Assembly, Mr. Wasiu Sani.
They said they were at the party headquarters to register their displeasure over Melaye’s alleged verbal assault on Mrs. Tinubu.
They also alleged that there appeared to be a conspiracy of silence by the leadership of the Senate over the incident, noting that as loyal party members, they could not fold their hands and watch the party’s cherished values of loyalty and respect for leaders being denigrated.
Sani, who later addressed newsmen after the closed door meeting with the party’s National Chairman, Chief John Odigie-Oyegun, said, “We are here to pay solidarity visit to Senator Oluremi Tinubu, that we condemn the act, she should not be intimidated and she should not yield to verbal assault.”
In response to allegations that the protest was sponsored, the lawmaker said, nobody sponsored them as “we are buoyant enough to sponsor ourselves.”
He also commented on allegations that Mrs. Tinubu was fond of causing trouble in the Senate.
The deputy speaker said, “For us, these are mere allegations. They are unproven.”
Business
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.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
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.
Business
GTBank Launches Quick Airtime Loan at 2.95%
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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