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Liverpool complete loan deal for Schalke defender
Liverpool have completed the deadline-day signing of Ozan Kabak from Schalke, subject to international clearance. The 20-year-old defender will move to Anfield on loan until the end of the season, with the Reds having the option to make the move permanent in the summer for a fee of £18 million ($25m). Kabak, a Turkey international who moved to Schalke from Stuttgart in 2019, will be the first of two signings on a busy day on Merseyside. He will be joined by Preston centre-back Ben Davies, who finalised his switch earlier on Monday. Goal understands that Liverpool will pay an initial loan fee of around £1m ($1.4m) for Kabak, while the deal for Davies could be worth in excess of £1.6m, should all performance-related add-ons be triggered. The Reds had been insistent that it would be a quiet w...
WSJ: China’s Ant Group plans revamp amid regulator pressure
China’s Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China’s central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday. The fintech affiliate of Alibaba Group Holding Ltd has submitted an outline of a restructuring plan, which could be finalised before China goes into the week-long lunar new year holiday in mid-February, the Wall Street Journal said, citing sources. Chinese regulators had asked Ant to consider folding up most of its financial businesses into a holding company that would be subject to more stringent capital requirements, two sources told Reuters in December. The country’s central bank, People’s Bank of China, has said Ant controls a range of financial institutions, including sec...
Lagos chamber projects positive economic recovery by Q2
The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...
PTF: Nigeria records four cases of UK coronavirus variant strain
Mr Boss Mustapha, Chairman, Presidential Task Force (PTF) on COVID-19 and Secretary to the Government of the Federation, said Nigeria recorded four cases of COVID-19, B117 variant strain, first reported in the UK. The PTF chairman made the disclosure at national briefing on Monday in Abuja. Mustapha said; “over the last few weeks, the PTF had been closely following the rising number of infections reported daily in Nigeria and in other jurisdictions. “Similarly, our scientists have been sequencing the variants of the virus. “There have been reports of cases with the B117 variant strain first reported in the UK, found in Nigeria. Three of these were in travelers out of Nigeria and one in a resident,”. He also stated that the daily statistics for Nigeria as at January 24, 2020 showed that cas...
Edo governor, PDP leaders fighting over sharing formula for positions – APC
Chairman of the Caretaker Committee of the All Progressives Congress, (APC), in Edo State, Col. David Imuse (Rtd) said Governor Godwin Obaseki-led government is unexplainably slow because of hidden conflict. Imuse alleged that at a time when the number of persons who test positive for the Coronavirus (Covid-19) is on the increase, Obaseki and the ruling Peoples Democratic Party (PDP), are busy fighting themselves. Imuse’s position was contained in a statement by the Assistant Publicity Secretary of the party, Victor Ofure Osehobo. He added that the alleged infighting is a confirmation that Obaseki has no plans for the state. According to the statement, the infighting over positions and booties of victory has already thrown the state into confusion, as the wheel of governance has since stoo...
Ahmadu Bello University announces date for resumption
The management of the Ahmadu Bello University, Zaria, in Kaduna State, has fixed Monday, January 25th, 2021 as the date for the reopening of the institution for academic activities. However, the Director of Public Affairs of the ABU, Mallam Auwal Umar, said in a statement that the resumption date was subject to review by the Federal Government. The statement titled, ‘Ahmadu Bello University fixes January 25 for reopening,’ said the resumption date was approved by the Senate of the University at its 501st (Special) Meeting on Tuesday The statement read, “The 2019/2020 academic session would be completed based on the adjusted calendar as approved by the Senate. “The decision to reopen the University followed the suspension of ASUU strike, and the directive by National Universities Commission...
National carriers announce resumption of Qatar-Saudi air travel
The national carriers of Qatar and Saudi Arabia have announced the resumption of air travel between the two countries starting next week, just days after a deal was reached to end a years-long regional diplomatic dispute. A Gulf Cooperation Council (GCC) summit on Tuesday declared an end to the bitter rift in which members Saudi Arabia, the United Arab Emirates, Bahrain – along with Egypt – blockaded Qatar since June 2017. The group severed diplomatic, trade and travel ties with Qatar, accusing it of supporting terrorism, an accusation Doha vehemently denied. Kuwait and the United States had been mediating for reconciliation. On the eve of the 41st GCC summit held in Saudi Arabia, the kingdom agreed to reopen its air, sea and land borders with Qatar – a major breakthrough in the Gulf crisi...
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...
Coronavirus: Nigerian government rolls out measures for UK, South African returnees
The Federal Government has rolled out new containment measures against the importation of COVID-19 particularly from the United Kingdom and South Africa, saying returnees from both countries are required to present two documents before boarding. National Coordinator of the Presidential Taskforce PTF on COVID-19, Dr Sani Aliyu, disclosed this during Thursday’s briefing of the Taskforce. He said; “In particular, international travellers must register with the Nigeria international travel portal. “We are concerned a out the emergence of the new variant of COVID-19 in the UK and an additional mutant in South Africa. Our protocol to ensure the safety of our citizens and prevent the importation of cases into the country is one of the most strict. “Specifically, for the UK and South Africa, the P...
Pep Guardiola: No new striker for Manchester City due to coronavirus impact
Manchester City’s strikers will have to rediscover their scoring touch because reinforcements will not be signed in January, manager Pep Guardiola has said. Guardiola explained that even with the backing of their Abu Dhabi owners, City were subject to the same financial pressures as their rivals due to the impact of the coronavirus pandemic. City have scored only twice in their last three league games but hope to welcome back Brazilian striker Gabriel Jesus for Tuesday’s League Cup quarter-final with Arsenal. However, the League Cup holders’ record goalscorer Argentinian Sergio Aguero is sidelined by an undisclosed issue having had knee and illness problems already this season. Asked about the prospect of new blood coming to the club, Guardiola replied: “No I don’t think so because the eco...
NIMC insists on deadline for linking of NIN to mobile numbers
File Photo Despite criticisms from many Nigerians of the two-week ultimatum for the registration and linking of National Identity Number (NIN) to mobile numbers, the federal government has insisted on the deadline. The director-general of the National Identity Management Commission, (NIMC), Aliyu Abubakar, in an interview with newsmen on Friday said there was no extension for the announced deadline. “Right now, the way it is, there is no extension. We should not be complaining, rather we should see how it can be done,” he said. “It is until after 10 to 12 days then we will see how far it has gone before we beg the government for anything.” When the agency issued a two-week ultimatum for the enrolment, Nigerians took to social media platforms to kick against such a deadline. “In the whole o...
EU criticises ‘hasty’ UK approval of coronavirus vaccine
The European Union criticised Britain’s rapid approval of Pfizer and BioNTech’s COVID-19 vaccine on Wednesday, saying its own procedure was more thorough, after Britain became the first western country to endorse a COVID-19 shot. The move to grant emergency authorisation to the Pfizer/BioNTech vaccine has been seen by many as a political coup for UK Prime Minister Boris Johnson, who has led his country out of the EU and faced criticism for his handling of the pandemic. The decision was made under an ultra-fast, emergency approval process, which allowed the British drugs regulator to temporarily authorise the vaccine only ten days after it began examining data from large-scale trials. In an unusually blunt statement, the European Medicines Agency (EMA), which is in charge of approving COVID...
