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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.

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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.

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FG introduces compulsory drug tests for secondary school students

The guideline outlines a comprehensive framework aimed at reducing the growing prevalence of substance abuse among students and creating safer learning environments across schools nationwide.

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The federal government is introducing mandatory drug tests for students in secondary schools nationwide.

According to the new policy, all newly enrolled secondary school students will be subject to mandatory drug integrity testing at the moment of entry.

The directive is contained in the National Implementation Guidelines Against Drug and Substance Use in Schools in Nigeria for secondary schools.

The guideline outlines a comprehensive framework aimed at reducing the growing prevalence of substance abuse among students and creating safer learning environments across schools nationwide.

According to the document, the policy is designed to “create a conducive environment for teaching and learning in the institutions by reducing the negative effect substance abuse has on the mental health and academic performance of students/learners.”

The guideline states that “all new students/learners shall be subjected to drug tests and other measures approved by the schools/learning centres at the point of entry,” adding that the process must be carried out “in collaboration with approved federal/state health facilities and procedures.”

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Instagram drops end-to-end encryption for private messages

With E2EE removed, Instagram will now be able to access the contents of direct messages, including text, images, videos, and voice notes.

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Users of Instagram will no longer be able to send ultra-private direct messages, after parent company Meta switched off end-to-end encryption (E2EE) for the platform’s messaging service worldwide.

The move marks a major reversal for Meta, which had previously positioned E2EE as the “gold standard” for user privacy.

E2EE ensures that only the sender and recipient can read messages, but it has long been criticised by child safety campaigners who argue it can make it harder to detect abuse and illegal content.

As a result, the decision has been welcomed by child protection groups but strongly criticised by privacy advocates.

With E2EE removed, Instagram will now be able to access the contents of direct messages, including text, images, videos, and voice notes.

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Kogi Road Crash: 16 People Feared Dead in Ghastly Accident

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No fewer than 16 people have been confirmed dead after an 18-seater passenger bus plunged off a bridge in a horrific accident along the Okene-Osara-Lokoja Road in Kogi State.

The tragic incident occurred in the early hours of Friday in Osara, Adavi Local Government Area.

According to the Kogi State Sector Commander of the Federal Road Safety Corps (FRSC), Lawal Fagge, two passengers survived the crash but sustained severe injuries and are currently receiving treatment at a nearby hospital.

Fagge, who confirmed the details in a telephone interview with Arise News, attributed the accident to excessive speeding by the driver.

He commended officers from the Zariagi Unit of the FRSC for their swift response, as they promptly rescued the survivors and evacuated the injured to medical facilities.

The bodies of the deceased victims have been recovered and deposited at a morgue in Lokoja.

The latest road tragedy has once again sparked concerns over the rising cases of reckless driving and over-speeding on Nigeria’s major highways.

Road safety authorities are urging motorists to observe speed limits and adhere strictly to traffic regulations to avoid preventable loss of lives.

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