No point at present (3)

I believe the answer is:

now

'at present' is the definition.
(synonyms)

'no point' is the wordplay.
'point' becomes 'W' (W is an example).
'no'+'w'='NOW'

(Other definitions for now that I've seen before include "Immediately" , "straight away" , "At present, this instant" , "At the present time" , "Today" .)

I've seen this clue in the Evening Standard.

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