GBN

Lagos, May 8, 2026 – Shamseldeen Ogunjimi, the Accountant-General of the Federation, says Nigeria may reject World Bank loan if delays in approval and disbursement persist. Ogunjimi gave the warning during a courtesy visit by a World Bank delegation led by Mrs Treed Lane. He said the delays could undermine the country’s willingness to proceed with such arrangements. Bawa Mokwa, the Director of Press and Public Relations at the Office of the Accountant-General of the Federation, disclosed this in a statement on Friday.  “If approvals take more than six months, the …

Lagos, May 8, 2026 – Fidelity Bank Plc, a leading financial institution, through the Fidelity Helping Hands Programme (FHHP), has funded critical support for the JKS Special Needs Academy in Abuja to ensure continued shelter and care for vulnerable children. The intervention was facilitated by a group of the bank’s newly recruited employees known as Team Valorem, as part of their induction activities. Through the FHHP, employees are empowered to actively contribute to social development by dedicating their time, resources and skills to impactful projects. Projects executed under the initiative …

Lagos, May 8, 2026, Aliko Dangote, the Chief Executive of Dangote Group, says he is planning to list Dangote Cement, a subsidiary, on the London Stock Exchange. The listing is coming 16 years after the company was listed on the Nigerian Exchange. Dangote, who disclosed this to Financial Times in an interview, said the listing on the London Exchange would provide the company with the much-needed boost for the United Kingdom market. He said about 10 per cent of the company’s shares would be sold to outside investors through the …

Lagos, May 8, 2026 -Dangote Refinery is inviting applicants for its graduate trainee programme. The company disclosed this in a statement and invited interested Nigerians to apply for the 18-month programme.. It said candidates, aged 28, with degrees, HND, and diplomas in sciences and arts could apply for the  programme The company said selected trainees would be exposed to various functions of refinery operations, gaining hands-on experience and learning from our highly skilled professionals, according to the firm. “At Dangote Petroleum Refinery and Petrochemicals, we are offering you the opportunity …

London, May 8, 2026 – Oil edged higher and stocks slipped on Friday after the U.S. and Iran exchanged fire in the Middle East, though many equity markets – particularly in Asia – remained on track for strong weekly gains on booming AI ‌demand. Benchmark Brent crude futures rose about 0.5% to $100.50 a barrel, Traders were also watching ‌losses for Britain’s ruling Labour Party in local elections, which could pressure Prime Minister Keir Starmer, though sterling inched up and UK assets broadly tracked European peers as results trickled in. …

Tokyo, May 8, 2026 – Japan’s Toyota expects the effects of the Iran war to cost it about $4.3 billion this financial year, in one of the most significant warnings yet by a ‌global company on the wider impact of the conflict. The world’s largest automaker reported an almost 50% ‌drop in quarterly earnings on Friday and said full-year profit is expected to fall by a fifth in the year just started, as rising ​costs from the war outweigh surging demand for hybrid vehicles. The 670 billion yen ($4.3 billion) …

Rome, May 8, 2026 – QU Dongyu, the Director-General of the Food and Agriculture Organization of the United Nations (FAO), emphasized today that the global fertilizer scarcity caused by disruptions in the Strait of Hormuz will lead to lower yields and tightening food supplies in the latter half of 2026 and into 2027. He spoke at the Ministerial Meeting of the MED9++ Countries on “Supporting Food Security and Access to Fertilizers” co-chaired by FAO, Italy and Croatia. Addressing ministers and senior representatives gathered in Rome, the Director-General stressed that the …

London, May 8, 2026 – World food prices climbed in April to their highest in more than three years, with vegetable oils particularly elevated due ‌to the Iran war and the effective closure of the Strait of Hormuz, ‌the United Nations Food and Agriculture Organization (FAO) said on Friday. FAO Chief Economist Máximo Torero said vegetable oil ​prices are being driven by elevated energy costs that are in turn raising demand for biofuels made using organic materials, such as oil-rich plants. He added, however, that despite war-linked disruptions, agri-food systems …

Dubai, May 8, 2026 -The U.S. military said it intercepted Iranian attacks Thursday on three Navy ships in the Strait of Hormuz and “targeted Iranian military facilities responsible for attacking U.S. forces,” highlighting the fragility of the month-old ceasefire between the two countries. U.S. Central Command said in a social media post that U.S. forces intercepted “unprovoked Iranian attacks” and responded with self-defense strikes. The U.S. military said no ships were hit. It said it doesn’t seek escalation but “remains positioned and ready to protect American forces.” President Donald Trump told …

Lagos, May 7, 2026 -Nigeria is the most spammed country in Africa. In 2025, 51% of all unknown calls received by Nigerians were identified as spam or fraud, more than one in every two. Nigeria ranks 8th globally and sits at the top of the African league table, ahead of South Africa (30%), Kenya (around 15%), Ghana (around 11%), and Ethiopia (around 9%). The data is drawn from Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, with over 500 million users worldwide. What makes Nigeria’s story …