News
UBA UK targets closing $100bn Africa trade gaps
UBA will leverage its Pan-African network and London operations to unlock capital, strengthen correspondent banking relationships and support African corporates and SMEs in accessing international trade opportunities.
UBA UK’s newly appointed CEO, Loknath Mishra, says that the bank is working hard to close Africa’s $100 billion trade finance shortfall by connecting more African businesses to global markets.
Mishra affirmed this during an appearance on Arise TV’s Global Business Report this week.
“UBA will leverage its Pan-African network and London operations to unlock capital, strengthen correspondent banking relationships and support African corporates and SMEs in accessing international trade opportunities,”he said.
According to him, the global trade order is changing, and supply chains are being rewritten and Africa is increasingly becoming a reliable and strategic partner.
He emphasised that UBA has a significant role to play in ensuring Africa is connected to the globe, and UBA UK plays a critical role in providing hard-currency liquidity, structured trade finance and settlement services through London’s financial infrastructure.
He highlighted that several international banks are retreating from African markets, even as trade across the continent is projected to grow faster than in many other regions.
He noted that the bank’s presence across 20 African countries enables UBA to connect buyers and sellers seamlessly, while UBA UK ensures efficient foreign currency settlement and international trade structuring.
News
JUST IN: El-Rufai Leaves State High Court for Federal High Court in Kaduna
Former Kaduna State Governor, Nasir El-Rufai, has concluded proceedings at the State High Court in Kaduna and is now proceeding to the Federal High Court for the continuation of another suit.
El-Rufai, who was earlier present at the State High Court for the continuation of his trial, left the premises after the sitting ended.
He is expected to appear before the Federal High Court in Kaduna for further proceedings related to another case.
Security presence remained visible around both court premises as proceedings attracted attention from observers and supporters.
Details of the proceedings at the Federal High Court are expected to emerge as the matter continues.
News
El-Rufai Appear in State High Court, after Mother’s death, as Trial Continues
The former Kaduna State Governor, Nasiru El-Rufai, on Tuesday morning arrived at the Kaduna State High Court for the trial, and there after he is expected to proceed to the Federal High Courtfor continuation of his proceedings.
The former governor arrived at the Kaduna State High Court amid tight security presence, as legal teams from both sides prepare to continue hearing in the matter. El-Rufai is also scheduled to appear before the Federal High Court for continuation of related legal processes.
The case continues to attract significant public attention, with observers closely monitoring developments across both courts.
Details of the matters to be addressed in both courts have not been fully disclosed, but outcomes from the hearings are expected to influence the direction of the trial.
News
Nigeria Welcomes African Games Bid Evaluation Committee
Nigeria officially welcomed the African Games Bid Evaluation Committee on Monday, marking a significant step in the nation’s quest to host the 2031 African Games.
The delegation, led by Dr. Decius Chipande, was received by top officials of the National Sports Commission (NSC) and treated to a comprehensive and compelling presentation showcasing Nigeria’s readiness, capacity, and vision to host a memorable Games.
Chairman of the NSC, Mallam Shehu Dikko, in his remarks, reaffirmed the solid support of the Federal Government for the bid.
He emphasized that hosting the African Games remains a national priority, backed by strong political will and a commitment to deliver world-class infrastructure, seamless organization, and a lasting legacy for African sports.
Director General of the Commission, Hon. Bukola Olopade, presented Nigeria’s strategic sponsorship and marketing framework, outlining innovative approaches to funding and commercial partnerships.
He noted that Nigeria’s large market, vibrant sports culture, and growing private sector interest provide a solid foundation for a financially successful Games.
Providing further depth to the bid, ace broadcaster and Bid Coordinator, Mainasara Ilo, delivered an engaging presentation on legacy, highlighting how the Games would catalyze youth development, infrastructure expansion, and community impact across the country.
On the technical front, former Director of Medicine at the Commission, Dr. Paul Onyedo, detailed Nigeria’s preparedness in sports medicine and its scientific approach to anti-doping, testing, and athlete health management, aligning with international best practices.
In addition, Dr. Emmanuel Igbinosa presented the country’s comprehensive welfare framework, assuring the Committee of Nigeria’s readiness to provide a safe, secure, and athlete-centered environment throughout the Games.
The Evaluation Committee commended Nigeria’s presentation, noting the clarity of vision, depth of planning, and strong alignment between government and private sector stakeholders.
The Committee commenced inspection of key facilities on Monday, with further assessments on Tuesday.
Nigeria remains confident that its compelling bid, backed by experience, infrastructure, and national commitment, positions the country strongly to host a historic and impactful African Games.
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