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
Google to allow users sign in with selfie video
According to Google, the feature is designed to distinguish real users from cybercriminals attempting to use fake images or AI-generated videos to bypass security measures.
Google has introduced a new selfie video sign-in feature that allows users to access their accounts using facial verification.
The company announced on Thursday that the feature is designed to provide users with an alternative way to regain access to their accounts if they are locked out or unable to use their regular device, marking another step in the technology industry’s shift away from traditional passwords toward biometric authentication.
To activate the feature, users will record a short selfie video by following on-screen prompts that require simple head movements, such as turning left, turning right, or nodding. The video captures different angles of the user’s face and is securely saved to their account.
When users later need to verify their identity, they can record another selfie video. Google will compare the new recording with the original one created during setup to confirm the person’s identity before granting access.According to Google, the feature is designed to distinguish real users from cybercriminals attempting to use fake images or AI-generated videos to bypass security measures.
News
Tinubu approves expanding Nigerian Army to 12 new divisions
The establishment of the new Divisions in Makurdi, Ilorin, Jalingo and Benin City will significantly improve command and control, decentralise operational decision-making, strengthen border security…
PRESIDENT Bola Tinubu, has approved the expansion of the Nigerian Army’s structure from eight to 12 divisions.
A statement by the presidential spokesman, Bayo Onanuga, said that the approval underscores the president’s unwavering commitment to equipping the Armed Forces to address Nigeria’s evolving security challenges effectively and to strengthen national defence capabilities further.
According to Onanuga, the expansion builds on the Administration’s sustained investments in the Armed Forces, including approval for the recruitment of 28,000 additional personnel, acquisition of critical military platforms and equipment, improvements in troop welfare, and ongoing support for operational readiness and force modernisation.
He explained that under the new structure, the Nigerian Army will operate twelve divisions, strategically positioned across the country .
“The establishment of the new Divisions in Makurdi, Ilorin, Jalingo and Benin City will significantly improve command and control, decentralise operational decision-making, strengthen border security, enhance the protection of critical national infrastructure, improve counter-insurgency and internal security operations, and ensure faster military response to emerging threats nationwide,” said the statement.
News
FAAN evacuate 68 Passengers as Enugu Air crash-lands in Benin Airport
The flight was said to have originated from Lagos to Benin and had reportedly been cleared to land but overshot the runway, apparently due to heavy rainfall.
Sixty-eight passengers narrowly escaped death when an Enugu Air aircraft crash-landed at the Benin Airport on Thursday.
The aircraft, with Registration Number 5N-ENR, reportedly had 68 passengers on board, apart from the crew members.
The aircraft was on an Enugu-Benin-Lagos commercial flight when the incident occurred.
The aircraft overshot the runway and entered the nearby bush.
Following this, the Federal Airport Authority of Nigeria (FAAN), immediately swung into action and all the passengers were evacuated. No casualty was recorded.
Further details of the crash emerged later, indicating that some of the passengers sustained injuries.
The flight was said to have originated from Lagos to Benin and had reportedly been cleared to land but overshot the runway, apparently due to heavy rainfall.
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