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...
The University of Benin (UNIBEN) says it is ready to comply with the Nigeria Centre for Disease Control (NCDC) protocols on Coronavirus (COVID-19), ahead of its Post University Tertiary Matriculation Examination (Post–UTME) scheduled for Dec. 2. Dr Benedicta Ehanire, Public Relations Officer of the university, disclosed this in a statement issued on Monday in Benin. She said “The University of Benin has provided hand sanitisers and buckets of water in each examination centre, following the Federal Government directive.” Ehanire also said the university was fully prepared in terms of security, adding that face masks are compulsory for candidates writing the examination. She equally said the date of the examination had not been changed contrary to some speculations. “The 2020/2021 University...
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Mr. Bolaji Salami, the Commissioner of Police in Ondo State, has said that the open confrontation between the Deputy Governor, Hon. Agboola Ajayi, and him is an attempt to promote sentiment. Salami who stated this in a statement signed by the State Police Public Relations Officer (PPRO) Tee-Leo Ikoro said the Command would not condone lawlessness in the state. The State Commissioner of Police, Salami, while reacting to the confrontation between him and Ajayi said he has been misrepresented in the video being circulated on the development. Salami described the video being circulated as an attempt to foment sentiment and cause misunderstanding in the state, maintaining that the police under his supervision will take decisive responsibility when performing their legitimate functions as prescr...