people
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...
UK needs tighter coronavirus rules to avert catastrophe – epidemiologist
Britain’s government needs to bring in tighter coronavirus lockdown rules to avert a fresh wave of deaths from a new strain of the disease, a leading epidemiologist and government adviser warns. Britain reported 41,385 new COVID cases on Monday, the highest number since testing became widely available in the middle of 2020, and English hospitals say they have more COVID patients than during the first wave of the pandemic in April. “We are entering a very dangerous new phase of the pandemic, and we’re going to need decisive early national action to prevent a catastrophe in January and February,” said Andrew Hayward, professor of infectious disease epidemiology at University College London, on Tuesday. More than 71,000 people in Britain have died within 28 days of a positive test for the dis...
Yobe governor calls for caution to combat fire incidents during harmattan
Yobe State Governor, Alhaji Mai-Mala Buni, has called for extra vigilance during the harmattan season to combat incidents of fire disaster. The governor made this call in a statement yesterday while commiserating with victims of a fire outbreak that occurred at Potiskum Market. The fire had broken up in the early hours of yesterday, razing six traditional medicine shops. The governor in a statement, said he received the news of the incident with sadness, while directing the State Emergency Management Agency (SEMA) to provide the victims with all necessary support and to take stock of damages caused by the inferno. He also directed the state’s Fire Service to be proactive, especially in the current harmattan season. He said, “I wish to express my deep sympathy to victims who lost their valu...
Coronavirus: Rivers governor threatens to shut down churches
Rivers State Governor Nyesom Wike has threatened to shut down churches if they fail to comply with the COVID-19 guidelines. Wike made this known during the thanksgiving service in celebration of the 90th birthday of Priscilla Mark, held at St. Martin’s Anglican Church, Omagwa in Ikwerre local government area of the state. He lamented the refusal of residents to use face masks, especially in churches and markets. “When you go to most churches, they don’t wear masks. Go to markets, they don’t wear masks. They believe COVID-19 is not real. It’s not real because it has not happened to you. Nobody has died whom you know that is very close to you. But if somebody has died and the person was close to you, you’ll know that COVID-19 is real,” he said. “I want to appeal to all of you that we have to...
Edo election: APC, deputy governor bicker over court case
Edo State chapter of the All Progressives Congress (APC) and the Deputy Governor of the state, Rt. Hon Philip Shaibu has engaged in a war of words over a pre-election matter in the court as Shiabu alleged that the former National Chairman of the APC, Comrade Adams Oshiomhole had recently said that the Supreme Court would give his party victory like the case of Imo state. But in a statement yesterday by the State Publicity Secretary of the APC, Chris Azebanmwan, the allegation which he described as weighty was false and that Shaibu was engaging in a smear campaign against Oshiomhole. He said, “The statement which he credited to Comrade Adams Oshiomhole is a blatant falsehood as no such words emanated from the elder statesman. It is a smear campaign that is aimed at tarnishing the pristine i...
Edo election: Comrade Shaibu warns Adams Oshiomhole not to subvert the people’s will
Edo State Deputy Governor, Rt. Hon. Comrade Philip Shaibu has urged a former Governor of the state, Comrade Adams Oshiomhole, not to subvert the will of the people and to jettison the plan to overturn the victory of Governor Godwin Obaseki at the September 2020 governorship election through the Judiciary. Shaibu during an empowerment programme for Afemai Youths in Ogbona and Jattu respectively at the weekend reaffirmed confidence in the judiciary and President Muhammadu Buhari to protect the nation’s democracy and the collective will of Edo people. The Deputy Governor said that Oshiomhole was instrumental to the Supreme Court victory of Governor Hope Uzodimma of Imo State and alleged he is ready to do the same to upturn the popular victory of Obaseki in Edo State. He said, “The Nigeria Jud...
Nigerian singer BigLo dies of kidney failure
Popular Nigerian singer Lotanna Udueze, more popularly known as BigLo, has passed on. According to close friends, the singer who was down with a kidney ailment died on Christmas day. Biglo’s kidney ailment was diagnosed in 2018 and last year, he began undergoing dialysis at a nursing home in California, U.S three times a week. He also tried raising funds for treatment. His UK based cousin, Zuby Udezue tried to raise £50,000; about N23 million at that time. Biglo who was popular especially in the early 2000s with fellow musicians, 2shotz and StylPlus, shot into limelight with the hit ‘Delicious’ which featured 2shotz. Although the track earned him a HipHop World Award for Best Rap Collabo, the chubby rapper however, went underground after the buzz died down. Some of his colleagues have take...
Kebbi governor empowers 205 women vegetable sellers with N6.15 million
The Kebbi Governor, Alhaji Atiku Bagudu, on Sunday, donated N6.15 million to 205 women vegetables sellers in the state as part of efforts to encourage them to be self-reliant. Newsmen report that each of the 205 women received N30,000 from the donation, in order to boost their vegetable businesses. Gov. Bagudu, who announced the donation at the graduation of the benefitting women in Birnin Kebbi, said that all the women who benefitted from the program had received training in preservation of perishable items. “The comprehensive training of the women traders was conducted by the state chapter of the Kebbi State Vegetables Sellers Association,” he said, lauding the association for the unparalleled gesture that was worthy of emulation by other groups. “The association needs to be commended fo...
Bandits kill kidnapped Niger village head
The village head of Madaka, Alhaji Zakari Yau, in Niger State who was kidnapped last week has reportedly been murdered by bandits. Yau who was first kidnapped three months ago before being released and again taken into the custody of bandits was reportedly killed on Christmas day. The murder of the traditional ruler brings the number of people killed by bandits in Madaka to four. The bandits during the December 20 raid first killed the local head of the vigilante in the town, Ishyaku Alhassan, his son Abdulhamid Ishyaku and one other person. Reports from freed victims said that the village head was killed after being tortured by bandits who sometimes sat on him while smoking Indian hemp. It was gathered that the monarch was even forced by the bandits to smoke the weeds. The Chief of Staff ...
George Moghalu: Igbo presidency not by mouth
YouTube The Managing Director and Chief Executive Officer of National Inland Water Ways (NIWA), Chief George Moghalu has told the Igbo to widen their horizon to convince other ethnic nationalities, if a Nigerian president of Igbo extraction must be realized. The All Progressives Congress (APC) governorship aspirant for Anambra 2021 election, Chief Moghalu said this during an interactive session with journalists in Nnewi on Saturday. He noted that the Igbo known for work hard should apply same and traverse the width and breadth of Nigeria to garner support for the 2023 presidency project and not to sit down at one place nursing self-pity. He declared that power could only be taken, not given. “Since it’s a democratic dispensation where number matters, there is need for Ndigbo to sit down an...
Millions of Americans risk losing jobless benefits as Donald Trump refuses to sign aid bill
Millions of Americans are about to see their jobless benefits expire on Saturday as U.S. President Donald Trump has so far refused to sign into law a $2.3 trillion pandemic aid and spending package, insisting that it did not do enough to help everyday people. Trump stunned Republicans and Democrats alike when he said this week he was unhappy with the massive bill, which provides $892 billion in badly needed coronavirus relief, including extending special unemployment benefits expiring on Dec. 26, and $1.4 trillion for normal government spending. Without Trump’s signature, about 14 million people could lose those extra benefits, according to Labor Department data. A partial government shutdown will begin on Tuesday unless Congress can agree a stop-gap government funding bill before then. Af...
Nigerian National Assembly spends billions of naira on constitution review
The perennial constitution amendment exercise by the National Assembly is characterised by proposals that keep resurfacing despite gulping billions of naira yearly, an analysis has shown. The federal parliament had from the 5th to the current 9th National Assembly made several attempts to amend some provisions of the 1999 Constitution to no avail. At every session, the parliament officially spends N1 billion shared equally between the Senate and the House of Representatives. There are reports that the lawmakers spend more than what is appropriated for the exercise. While some amendments were successful, several others suffered serial failures but kept appearing in new proposals. Considering the huge spending, lawyers and civil society groups have pointed out that no significant amendments ...