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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...

Governor Umahi: I supported President Buhari during 2019 poll

Gov. David Umahi of Ebonyi has admitted supporting President Muhammdau Buhari during the 2019 general election, even as a member of the Peoples Democratic Party (PDP). Umahi said this at the foundation laying ceremony of a housing project in his home town – Uburu on Monday. The governor said that his former party should not waste time in accusing him of giving the president 25 per cent votes during the election. “I preached it in the entire south east zone of the country, that the person who supports us is whom we will support. “I joined the APC for the president’s love for Ebonyi even if for no other reason. “My eyes are on the ball – on what will get to my people,” he said. Umahi said that he plans to submit a proposal for a channelisation work which will cut across the housing project, ...

Napoli stadium officially renamed ‘Stadio Diego Armando Maradona’

After city mayor Luigi De Magistris initially suggested the name change last week, the city of Naples has officially approved the proposal to rename the Napoli stadium in honor of Diego Maradona. As announced in an official statement this afternoon, the stadium based in the neighbourhood of Fuorigrotta in the west end of the city will formally change its name from the ‘Stadio San Paolo’ to ‘Stadio Diego Armando Maradona’. Napoli’s legendary number 10 had passed away on November 25 at the age of 60, having spent 7 years as a player in Campania, leading the club to its sole two league titles to date as well as a Coppa Italia and a UEFA cup success in 1989. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a datin...

Nigerian governors to meet with President Buhari to address security challenges

Governors of the thirty six states under the aegis of the Nigeria Governors Forum, NGF have resolved to meet with President Muhammadu Buhari to address the security challenges with continued cases of armed banditry, terrorism and kidnapping across the country. The governors are meeting with President Buhari especially to discuss last week’s gruesome beheading of about 43 Farmers in Zarbamari near Maiduguri, Borno State by Boko Haram Insurgents while they were working in their farmland without any form of resistance. The decision was part of the resolutions reached at the end of the 22nd NGF teleconference meeting. In a Communique signed by the NGF Chairman and Ekiti State governor, Dr. Kayode Fayemi, said, ” Members of the forum resolved to meet with Mr. President as soon as possible to ad...

SGF: Nigeria did not request for Madagascar herbal medicine

The Nigerian government has said it did not request for COVID-Organics, a herbal medicine used by Madagascar to treat COVID-19 patients. The Secretary to the Government of the Federation (SGF), Boss Mustapha, made this known at the daily Presidential Task Force on COVID-19 briefing on Thursday. Mr Mustapha said the medicine was offered as a general gesture of ‘brotherly love’ from the Malagasy government to all African countries. “Nigeria did not ask Madagascar for any solution, the Madagascar government decided to airlift quantities meant for African countries. ”It was taken in the spirit of African brotherly love to Guinea Bissau and we have asked our ambassador there to establish the location, the quantity and he has done that,” he said. Mr Mustapha, at a past briefing, had noted that t...