Author: Abimbola Daniels

ZEDVANCE Finance Limited, a leading provider of consumer and business financing solutions in Nigeria, has disbursed over ₦96 billion in funding to support commercial businesses across the country, establishing its strong positioning beyond retail lending and reinforcing its commitment to bridging the gap between enterprise growth and access to timely financing solutions. Leveraging its 11-year legacy, Zedvance’s Commercial Solutions business, launched in 2025, has in just one year become a major driver of credit expansion, achieving one of the highest loan disbursement rates among financial institutions, empowering thousands of local enterprises and boosting economic growth. The business has consistently supported…

AFRICA’s Global Bank, United Bank for Africa (UBA) Plc, is set to host a special edition of its impactful quarterly UBA Business Series, which be specifically focused on celebrating and empowering the modern woman with the theme: “gen w- ‘The Evolved Woman’. The session, which is scheduled to hold on Wednesday, March 12, 2026 from 11AM at UBA House, Lagos, will bring together an array of accomplished female leaders and professionals who will share insights, experiences and practical strategies for navigating ambition, leadership and growth in today’s dynamic environment. The session will also be streamed live across all UBA digital…

RETAIL petrol prices across Nigeria may soon climb to between N980 and above N1,000 per litre following a fresh increase in the gantry price of Premium Motor Spirit (PMS) by the Dangote Petroleum Refinery. Industry sources confirmed to News Point Nigeria that the refinery has raised its ex-depot price from N774 to N874 per litre, a N100 jump that marketers say will inevitably be transferred to consumers depending on location and logistics costs. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, told journalists that retail prices could soon approach or exceed the N1,000…

THE Coroner sitting at the Yaba Magistrate Court has adjourned till April 14, 2026, the commencement of the inquiry into the death of 21-month-old Nkanu, son of renowned Nigerian author Chimamanda Ngozi Adichie and Dr. Ivara Esege. News Point Nigeria reports that Magistrate Atinuke Adetunji fixed the date on Wednesday when the matter came up before the court. When the case was called, a Senior Advocate of Nigeria, Kemi Pinheiro, announced appearance for the family, while Adebola Rahman appeared on behalf of the Attorney-General of Lagos State. Cheluchi Onyemelukwe of Health Ethics and Law Consulting represented Atlantis Hospital, while another…

THE Chartered Institute of Bankers of Nigeria (CIBN) has pledged its full support to the Association of Corporate and Marketing Professionals in Banks (ACAMB) following a high-level strategic meeting between the leadership of both bodies. The high profile meeting, which took place on Tuesday at the CIBN Building, Lagos, served as a formal introduction of the new ACAMB Executive Committee to the CIBN leadership and marked the beginning of a renewed collaborative alliance. Leading a delegation of the newly inaugurated ACAMB EXCO and Board of Trustees, the President, Jide Sipe, described the visit as a crucial first step in his…

BANKS have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria. News Point Nigeria reports that the CBN Governor, Olayemi Cardoso, disclosed this on Tuesday during the Monetary Policy Committee briefing in Abuja, saying, “As of February 19, 2026, total verified and approved capital raise stands at N4.05tn.” This newspaper observed that this figure was nearly double the N2.4tn reportedly raised as of April 2025. Cardoso said N2.90tn of the amount, representing 71.6 per cent, was mobilised domestically, while N1.15tn, equivalent to 28.33 per cent, came from…

IN a bid to foster accurate public discourse as well as protect the stability of the financial sector, the Association of Corporate and Marketing Professionals in Banks (ACAMB) has stepped in to educate renowned content creator, Unofficial Osas, following his misrepresentation of facts concerning the Central Bank of Nigeria’s (CBN) recapitalisation drive, and subsequent invitation by the Nigerian Police Force. News Point Nigeria reports that the intervention by ACAMB led to the successful retraction of a misleading video regarding the CBN recapitalisation policy, demonstrating the Association’s commitment to its core mandate of public enlightenment. In his official apology video, the…

ROTARIANS, Rotaractors and friends of Rotary across District 9127 are set to roll out the red carpet for the President of Rotary International, Francesco Arezzo, and his spouse, Anna Maria Arezzo-Criscione, as they arrive in Abuja on Tuesday, February 17, for the final leg of their Nigeria-wide tour. News Point Nigeria reports that President Arezzo, who arrived in Lagos on February 13th and has since engaged with Rotary stakeholders in different parts of the country, will fly into Abuja from Port Harcourt to a colourful, carnival-like welcome at the Nnamdi Azikiwe International Airport. In a statement signed by Dr. Max…

AFRICA’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a diaspora banking and investment platform designed to serve Africans living and working across the world and within the continent. The platform, launched in collaboration with leading ecosystem partners including United Capital, Africa Prudential, UBA Pensions, Afriland Properties, Heirs Insurance Group, and Avon Healthcare Limited — represents a major step in redefining diaspora banking beyond remittances toward structured wealth creation and long-term investment. At the unveiling, which took place at UBA’s global headquarters in Lagos under the theme: “Beyond Banking: Powering the Global African Lifestyle, all the company representatives…

GOVERNOR Siminalayi Fubara of Rivers State has described his calm and non-confrontational approach amid the protracted political turbulence in the oil-rich state as a deliberate and strategic decision aimed at preserving peace and protecting national interest. News Point Nigeria reports that the governor made the remarks on Friday night in Lagos while receiving the Man of the Year 2025 award from New Telegraph at a well-attended ceremony. Addressing guests at the event, Fubara said his perceived weakness should not be mistaken for incapacity, but rather understood as a conscious choice. “I chose for a lot of reasons to be weak.…

AFRICA’s Global Bank, United Bank for Africa (UBA) Plc has launched a new Aggregator Sales Structure for its RedPay POS and Agency Banking Network, as part of efforts targeted towards the advancement of its mission to deepen relationship with its network and most importantly, expand financial inclusion across Nigeria. The newly launched multi benefit structure which offers partners a comprehensive value proposition, was unveiled at the inaugural UBA Aggregator Engagement Session, held at the Bank’s Head Office in Lagos on Tuesday. The session themed, “POS-itive Impact: Connecting Agents, Merchants, and Customers,” served as a collaborative platform to align strategies for…

AN Arik Air Boeing 737-7GL aircraft operating a scheduled domestic flight from Lagos to Port Harcourt experienced an in-flight engine anomaly on Wednesday but landed safely at the Benin Airport following a precautionary diversion. The Nigerian Safety Investigation Bureau (NSIB) confirmed the development in a statement sent to News Point Nigeria by its Director of Public Affairs and Family Assistance, Mrs. Bimbo Olawumi Oladeji. According to the Bureau, the aircraft, registered as 5N-MJF, encountered abnormal engine indications during the cruise phase of the flight. The flight crew reportedly detected the irregular readings and, in line with established aviation safety protocols,…

DANGOTE Refinery has reduced the gantry price of Premium Motor Spirit (PMS) by N25 per litre. This means the ex-depot rate dropped from N799 to N774 per litre. The reduction was contained in a notice sent to News Point Nigeria by the Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE, to marketers. It said the move is with immediate effect. “This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” the notice read. The refinery told marketers that its PMS lifting incentive had ended. The adjustment is…

THE Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, has called on leaders and key stakeholders in the South-East to prioritise security and peace, infrastructure development and the delivery of bankable, investment-ready projects. This, according to him, is critical if the South Eastern region of the country is to unlock its long-term development agenda under the South-East Vision 2050 (S8V2050). Alawuba made the call while delivering a goodwill remark at the South-East Vision 2050 Regional Stakeholder Forum which was held at the International Conference Centre, Enugu on Wednesday. The multi-day forum was convened by the…

AFRICA’s Global Bank, United Bank for Africa (UBA), has announced the appointment of Loknath Mishra as Chief Executive Officer of UBA UK. The appointment which takes effect from February 2nd, 2026, reinforces the Group’s commitment to strengthening its international footprint and enhancing its role as a key financial bridge between Africa and the world. As CEO of UBA UK, Mishra will focus on positioning the UK subsidiary as a centre of excellence for regulatory compliance and customer service, strengthening financial resilience through diversified liquidity and income sources, as well as deepening UBA’s leadership in trade, transaction, and correspondent banking in…

OPERATIVES of the National Drug Law Enforcement Agency have arrested a Brazil-based Nigerian businessman at the Murtala Muhammed International Airport, Ikeja, Lagos, for allegedly concealing cocaine on his body and inside his footwear. NDLEA Director of Media and Advocacy, Femi Babafemi, disclosed this in a statement sent to News Point Nigeria on Sunday. He said the suspect was arrested on Thursday, January 29, 2026, at the arrival hall of the Lagos airport during the inward clearance of passengers on a South African Airways flight from Brazil via Johannesburg, following actionable intelligence. According to him, a body scan conducted on the…

Halima Ishak Of Jaiz Bank Elected Financial Secretary THE Association of Communication and Marketing Professionals in Banks (ACAMB) has ushered in a new executive council, with a strong representation from leading financial institutions, to steer its affairs for the 2026-2028 term. The election, held during the association’s Annual General Meeting in Lagos on Thursday, saw seasoned professionals from across the banking landscape elected to key positions. The newly constituted executive includes Babajide Sipe of the Bank of Industry as President; Chinwe Bode-Akinwande of FirstBank as First Vice President; Morolake Philip-Ladipo of Wema Bank as Second Vice President; Abiodun Coker of…

UNITED Bank for Africa (UBA) Plc, Africa’s Global Bank has launched a simplified instant account opening digital platform designed to make banking faster, more accessible, and truly borderless for customers across Africa and in the diaspora. The new platform enables prospective customers to begin and complete their account opening journey fully online, eliminating the traditional barriers of paperwork and initial branch visits. With this innovation, UBA continues to strengthen its leadership in digital banking and financial inclusion across the continent. Through the new platform, customers can start their onboarding journey via the web by simply selecting their preferred language and…

THE Lagos State Government has defended its decision to demolish structures in Makoko and other communities, saying the action is to protect lives and properties. According to government officials who featured on Ask Lagos monitored by News Point Nigeria, a weekly X-space discussion aimed at creating engagements between the Government and residents, the demolitions were for security reasons. At the session were Commissioner for Information and Strategy Gbenga Omotoso and Special Adviser to the Governor on e-GIS and Urban Development Olajide Abiodun Babatunde. The contentious demolitions in Makoko and other waterfront communities, they said, were essential steps toward a safer,…

THE Nigeria Civil Aviation Authority (NCAA) has launched an investigation into a viral video showing a heated confrontation between Nigerian passengers and cabin crew aboard an Air France flight, following widespread complaints over alleged poor in-flight service. News Point Nigeria reports that the footage, which circulated widely on social media over the weekend, shows visibly agitated passengers engaging airline staff in a shouting match, accusing them of denying passengers drinking water and addressing them in a disrespectful manner. Although the exact date, route and location of the incident could not be immediately confirmed, the altercation reportedly caused a significant disturbance…