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Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure

Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial license into the holding company, pending regulatory approval, said the people, who asked not be named because the matter is private. The plans are still under discussion and subject to change, the people said. Ant declined to comment. The operations that Ant is looking to fold into the holding company include wealth managemen...

FRSC: No NIN, no driver’s licence

The Federal Road Safety Corps (FRSC) has given notice that it will start enforcing the National Identification Number (NIN) directive on driver’s licence processing nationwide, with effect from Dec. 21. Mr Bisi Kazeem, Assistant Corps Marshal (ACM), Corps Public Education Officer, announced this in a statement on Wednesday, in Abuja. Kazeem said that the enforcement became necessary following the Federal Government’s directives on harmonisation of citizens’ data by relevant agencies. In compliance with the directive, Kazeem said the FRSC had earlier put members of the public on notice, urging them, particularly those going for their driver’s license processing, to adhere to the directives. “As a follow up to that, FRSC management has resolved that effective Dec. 21, 2020, all applicants fo...

FRSC to introduce NIN information for vehicle registration, license — Oyeyemi

Mr Boboye Oyeyemi, Corps Marshal, Federal Road Safety Corps (FRSC), says that the corps will introduce the National Identity Number (NIN) information by first quarter of 2021 for vehicles registration. Oyeyemi revealed this when he featured on the News Agency of Nigeria (NAN) Forum in Abuja on Friday. The corps marshall said that the essence of the NIN was to enhance road safety through the use of technology. He also said that from December, drivers license would no longer be issued without the NIN information. “I must commend the government. With the National Identity Management Commission (NIMC), now we have one national database, one identity. You cannot use double identity now. “You know before some people have about five different identities but now you are forced to pick one. Once yo...

Enyimba players, officials undergo coronavirus test ahead CAF Champions League trip

Players and officials of Enyimba International on Sunday underwent Covid-19 tests as the People’s Elephant prepared for trip to Burkina Faso for their CAF Champions League Preliminary Round first leg match against Rahimo, just as Godwin Nosike has joined the coaching crew of the two time African Champions. The post Enyimba players, officials undergo coronavirus test ahead CAF Champions League trip appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

Nigeria ratifies membership of AfCFTA

The Federal Executive Council, FEC, on Wednesday ratified Nigeria’s membership of the Africa Continental Free Trade Area, AfCFTA, as the implementation of the agreement formally takes-off on January 1, 2021. This is as the Council has approved N62.7 billion for the construction of Kano-Dawakin-Tofa-Gwarzo-Dariyo road in Kano. Briefing State House correspondents at the end of the 23rd virtual FEC meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, said whereas the implementation of the agreement was initially scheduled to commence in July, this year, the plan was stalled by the spread of COVID-19. Alhaji Mohammed, who briefed on behalf of the Minister of Industry, Trade and Inves...

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