GBN

Abuja, May 24, 2026 – The National Drug Law Enforcement Agency (NDLEA) has intercepted a 63-year-old Chinese woman, Ting Hung Kiong, while attempting to smuggle 31kg of Canadian Loud, a strain of cannabis, into Nigeria. She was arrested by NDLEA operatives at Terminal 2 Arrival Hall of the Murtala Muhammed International airport on May 17, 2026 after she arrived in Nigeria from Thailand through Dubai on an Emirates Airline flight. NDLEA said preliminary investigations showed that she travelled from Malaysia to Thailand before heading to Nigeria through the United Arab …

London, May 24, 2026 – Ukraine’s SBU ​security service said its drones attacked ‌an oil pumping dispatch station in Russia’s Vladimir region on Sunday, adding that ​the facility was an important ​node in pumping oil products southwest to Moscow ⁠and its surrounding area. “It supplies fuel ​to major oil depots around Moscow ​and to Sheremetyevo, Domodedovo, and Vnukovo airports,” the SBU said in a statement on social ​media. It added that a fire ​over an area spanning 800 square metres (8,600 square ‌feet) ⁠was recorded after the strike. The governor …

Abuja, May 24, 2026 – The Socio-Economic Rights and Accountability Project (SERAP) has urged the federal government to publish names of Nigerian contractors who benefited from the $460 million National Public Security Communication System project in Abuja. It particularly called on Taiwo Oyedele, the Minister of Finance and Co-ordinating Minister of the Economy to disclose the identities of all local contractors, subcontractors, consultants, vendors, and other entities that benefited from the payments under the $460 million National Public Security Communication System project. SERAP made the call in a letter signed …

Lagos, May 25, 2026 – Fidelity Bank Plc, a leading financial institution, has reinforced its commitment to community welfare and sustainable development with the distribution of food packs to over 1,500 residents in Surulere, Lagos state. The outreach, executed under the Bank’s Fidelity Food Bank initiative, was carried out in partnership with the Office of the Personal Assistant to the President on Constituency Affairs and the Sodiq Abiodun Ogundare (SAO) Foundation. Speaking during the event, Nnamdi Edekobi, the Regional Bank Head, Victoria Island/Lekki, Fidelity Bank Plc, represented by the Branch …

Washington, May 18, 2026 – The Trump administration on Monday announced the creation a $1.7 billion fund to compensate allies of the Republican president who believe they were mistreated by the Biden administration Justice Department. The “Anti-Weaponization Fund” was announced by the Justice Department as part of a deal to resolve President Donald Trump’s lawsuit against the Internal Revenue Service over the leak of his tax returns. Acting Attorney General Todd Blanche said in announcing the fund in a statement that it was “a lawful process for victims of lawfare and …

…Year-on-year Group Profit increases 89% in FY25, 52% in Q1 ’26 Lagos, May 18, 2026, – Sterling Financial Holdings Company has announced its audited financial results for the year ended December 31, 2025, alongside its unaudited results for the first quarter ended March 31, 2026. According to statement by Adebimpe Olambiwonnu, the Group CFO, the group’s gross earnings for FY2025 increased by 44.4% to ₦486.8 billion, representing the strongest performance in the Group’s modern history. Profit Before Tax rose by 89.2% to ₦86.8 billion, while profit after tax increased by …

Abuja, May 8, 2026 – The Bank of Industry (BOI) has secured a $200 million sovereign-guaranteed facility from African Development Bank to expand long-term financing for small and medium-scale enterprises. The loan was approved by the Board of Directors of the African Development Bank Group at the weekend. The loan will help provide medium and long-term funding for businesses in critical sectors like infrastructure and transport, agro-food processing, health and pharmaceuticals, and green industrialisation. Olasupo Olusi,  the Chief Executive of BOI, said the bank welcomed the renewed partnership with the …

London, May 18, 2026 – Oil swung between gains and losses with new questions emerging from both the US and Iran on the progress of peace negotiations aimed at reopening the critical Strait of Hormuz. West Texas Intermediate futures traded near $106, with Iran’s semi-official Tasnim news agency reporting that Tehran says US conditions for a deal are still excessive despite changes in a latest draft proposal. The comments indicate the logjam over the war and the Strait of Hormuz aren’t imminently easing. Over the weekend, US President Donald Trump …

Abuja, May 18, 026 – The Debt Management Office (DMO) on Monday auctioned N600 billion reopened Federal Government bonds with elevated yield as high as 22.60%. It has also rolled out two previously issued instruments carrying coupon rates of 22.60% and 16.2499%, with settlement due May 20, 2026. The bonds offer semi-annual interest payments and bullet repayment at maturity, positioning the sale as a strategic reopening across two key tenor buckets — 10-year and 20-year. The N600 billion reopened bond auction is being facilitated by a consortium of Primary Dealer Market Makers (PDMMs) …

Lagos, May 18, 2026 – Union Bank of Nigeria has visited the CMS Grammar School in Lagos as part of its activities to mark the 2026 International Day of the Boy Child and in furtherance of its corporate social responsibility commitments. The school is one of the country’s oldest and most prestigious boys’ secondary schools. During the visit, a delegation from the Bank, led by Head of Corporate Banking and school alumnus Ali Kadiri, engaged with the school management and students to explore partnership opportunities and support for their educational …