Business
Ecobank Sets May7/8 for 2026 National Schools’ Team Chess Championship
All arrangements have been concluded for the 2026 Ecobank National Schools’ Team Chess Championship, organised in partnership with the Nigeria Chess Federation (NCF) and SchoolMate. The championship will hold from 7–8 May 2026 at the Ecobank Pan African Centre (EPAC), Lagos, and is expected to feature about 1,500 pupils and students from 300 schools nationwide.
Speaking ahead of the third edition of the tournament, Ecobank’s Segment Head for Education, Faith and Social Services, Adekunle Adewuyi, said the bank remains committed to scaling the championship as a pathway for developing Nigeria’s next generation of intellectual and strategic leaders. According to him, the championship has evolved into a strong national platform for nurturing talent and promoting critical thinking among young Nigerians.
“This championship has become a leading national platform for identifying and nurturing emerging chess talents. Chess is a powerful educational tool; it sharpens critical thinking, problem-solving and discipline. Through this initiative, we are preparing young Nigerians not just for competition, but for leadership roles in the future,” Adewuyi said.
He described the tournament as a rapidly growing, award-winning scholastic competition that attracts thousands of students annually and promotes intellectual development while fostering future chess grandmasters.
Reflecting on previous editions, Adewuyi noted the significant growth in participation: “Last year’s edition recorded massive growth, with over 2,500 students from 450 schools participating. We are confident this year’s edition will surpass that milestone.”
Also speaking, Vice President of the Nigeria Chess Federation, Prince Adeyinka Adewole Samuel, said the championship aligns with global standards set by the International Chess Federation (FIDE), which encourages countries to organise structured school-level competitions. According to him, the tournament targets primary and secondary school students aged 7–18, as part of a deliberate strategy to build a sustainable pipeline of future grandmasters.
Prince Adeyinka disclosed that about 150 primary schools and 150 secondary schools are expected to participate this year, with each school fielding five players, bringing the total number of participants to approximately 1,500 students from about 15 states. He added that the competition will feature a ₦20 million prize pool.
He also revealed that enhanced measures have been introduced to improve event delivery, including strict player eligibility checks, enhanced crowd control, and the deployment of 50 trained arbiters to guarantee fairness and transparency.
Highlighting the impact of the initiative, Prince Adeyinka noted that Nigerian students who emerged from the Ecobank championship have excelled at continental competitions.
“The growth has been phenomenal. When Nigeria competes at continental tournaments, many of the standout players are alumni of the Ecobank championship. We won a gold medal last year in Uganda, and that success is strongly linked to what Ecobank has done,” he said.
On his part, Marketing Head of SchoolMate Nigeria, Ambesh Kumar, said the company partnered with the initiative to support youth development through education and sport, noting that chess helps children build discipline, focus and strategic thinking. “We are passionate about quality education for children, and we see this tournament as a veritable means of advancing that cause. Last year, we distributed books to the children, and this year marks our first involvement as a co-sponsor. SchoolMate has operated in Nigeria for several years, and we see this chess championship as a meaningful way of giving back to society,” Kumar stated.
The Ecobank National Schools’ Team Chess Championship continues to grow as a nationwide platform for discovering young talents while equipping students with confidence, teamwork, leadership and strategic skills essential for future success.
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its commitment to strengthening diaspora engagement, advancing healthcare development in Nigeria through the introduction of its healthcare investment proposition to the Nigerian-American medical community at the 2026 ANPA Carolinas Symposium held in Charlotte, North Carolina.
The ANPA Carolinas Symposium, hosted annually by the South Carolina and North Carolina Chapters of the Association of Nigerian Physicians in the Americas (ANPA), convenes over 170 physicians and healthcare professionals for medical and scientific dialogue on issues impacting communities across North America, the Caribbean, and Africa, particularly among people of Nigerian descent.
Speaking at the event, UBA’s Head of Diaspora Banking, Anant Rao, made a compelling case for structured diaspora participation in Nigeria’s healthcare transformation, encouraging attendees to expand their contribution beyond remittances toward long-term institution-building.
“The financial infrastructure required to connect your success abroad to sustainable institutional impact at home has not been intentionally designed for diaspora healthcare investors until now,” Rao said.
During his presentation, Rao introduced the ANPA–UBA Diaspora Healthcare Investment Platform — a professionally managed investment vehicle designed to channel diaspora capital into specialist hospitals, diagnostic centres, telemedicine infrastructure, and medical training institutions across Nigeria.
“Every dollar invested delivers a dual return — creating value for investors while contributing meaningfully to Nigeria’s healthcare future. We now have the regulatory framework, banking infrastructure, governance structures, and institutional commitment to make this possible,” he added.
Under the proposed structure, UBA will serve as custodian and structuring bank, while United Capital Asset Management, one of Nigeria’s leading asset managers with over ₦1.2 trillion in assets under management, will act as fund manager.
As part of deepening engagement with the Nigerian-American medical community, Rao also proposed a Memorandum of Understanding (MoU) between UBA and the two ANPA chapters. The proposed collaboration is anchored on six strategic pillars: preferred banking offerings for ANPA members; quarterly financial education sessions; the joint Healthcare Infrastructure Fund; a dedicated ANPA Wealth and Legacy Desk; access to group-rate family healthcare plans through Avon HMO; and a UBA co-matching contribution framework to support qualifying impact vehicles under the Pearl Endowment Fund.
The initiative represents a further expansion of UBA’s diaspora value proposition, which currently includes Non-Resident Nigerian (NRN) accounts in multiple currencies, fixed-income and dollar-denominated investment solutions through United Capital, elder-care trust solutions under the Homeland Anchor Care Trust programme in partnership with Avon HMO, and private wealth management offerings tailored to senior diaspora professionals.
The 2026 ANPA Carolinas Symposium marks another milestone in UBA’s strategic engagement with the diaspora community and reinforces the Bank’s long-held belief that diaspora capital can play a transformative role in accelerating healthcare and infrastructure development across Africa.
Business
One-Day MD/CEO Children’s Day Initiative: Wema Bank Makes Final Call for Submission of Entries
As the deadline of May 20, 2026, fast approaches, Wema Bank has announced the last call for submissions for children and teens interested in participating in becoming MD/CEO of Wema Bank for one day.
Launched in May 2025 as part of Wema Bank’s 80th anniversary celebration, the One-Day MD/CEO initiative was introduced by Wema Bank to commemorate Children’s Day in a uniquely unprecedented manner. Inspired by the Bank’s 80th anniversary theme “80 Years of Impact, A Future of Possibilities”, the Wema Bank One-Day MD/CEO initiative served as a bridge between past and future, giving children across Nigeria the once-in-a-lifetime opportunity to become the MD/CEO of Wema Bank for one day—Children’s Day.
As 12-year-old Chiderije Mbah emerged winner, the Wema Bank One-Day MD/CEO initiative dominated the conversation on May 27, 2025, with children across Nigeria inspired to put in the work towards a successful future and parents commending the Bank’s consistent commitment to empowering children and helping them build the right future. This year, 2026, the Wema Bank One-Day MD/CEO initiative has returned on a larger scale.
For the 2026 Children’s Day celebration, Wema Bank will give another child or teenager [ages 0-16] a chance to step into the shoes of Managing Director/CEO of Wema Bank, for a day. The child will get to oversee board meetings, make tactical decisions, and experience firsthand the demands and responsibilities that come with the office of MD/CEO, especially for an institution like Wema Bank, Nigeria’s oldest indigenous national bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT.
To participate, children/teens are expected to record a 60-second video detailing what their ideal role in banking would be and what they hope to achieve. This video is to be posted on any social media platform using #EvolutionOfPossibilities and tagging @wemabank on the post. The post with the highest number of likes emerges winner and the winner gets to become MD/CEO of Wema Bank on Monday, May 25, 2026, in celebration of Children’s Day.
Both parents and teens are encouraged to hurry and make their submissions now as entry closes in less than two days, specifically on Wednesday, May 20, 2026.
More details on the Bank’s social media platforms @wemabank
First Bank of Nigeria Limited has announced the launch of its Naira Visa Debit Card, in partnership with Visa to extend accessible, reliable electronic payment capabilities to a broader segment of the Nigerian population.
The card is targeted at everyday consumers who require a dependable payment instrument for routine domestic and international transactions. Accepted across POS terminals, ATMs, and online platforms through Visa’s payments network, the Naira Visa Debit Card is designed to reduce friction for customers transitioning from cash to electronic payments across retail, utilities, and digital commerce.
The launch aligns with Nigeria’s ongoing drive toward a cashless economy, a policy direction that has gained significant momentum following successive Central Bank of Nigeria directives encouraging the adoption of electronic payment channels. The card is intended to serve customers across the country’s diverse economic segments.
Speaking on the launch, Chuma Ezirim, Group Executive, eBusiness & Retail Products, FirstBank, said: “Everyday transactions should be simple, secure, and rewarding. The Naira Visa Debit Card is designed to make life easier for our customers, whether they are paying for groceries, settling utility bills, or shopping online. By extending reliable electronic payment access across Nigeria, we are helping more people transition confidently from cash to digital payments, supporting the nation’s cashless policy and empowering communities with greater financial inclusion.”
Commenting on the strategic importance of the partnership, Andrew Uaboi, Vice President and Cluster Head, West Africa, Visa, noted: “A strong payments ecosystem is one that works for everyone. The Naira Visa Debit Card extends reliable electronic payment access to everyday Nigerian consumers, and this in addition to the cards in our portfolio continues to demonstrate what a truly comprehensive card portfolio looks like for the Nigerian market. Visa is proud to power this offering with FirstBank.”
The launch of the Naira Visa Debit Card broadens Visa card portfolio at FirstBank that already includes products spanning credit cards and High-end premium lifestyle spending cards. The addition completes its offering across customer segments, ensuring that cardholders at every income level have access to a product suited to their needs.
The Naira Visa Debit Card is available to all eligible FirstBank account holders through any of the bank’s branches nationwide.
