Jack Ma’s Ant Group fiasco reflects battle for China’s financial soul
China’s last-minute abandonment of Ant Group’s record-breaking IPO stems from an intensifying battle for the soul of the nation’s financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite. Global markets were stunned Tuesday when Ant’s record-breaking $34 billion IPO was abruptly shelved, frustrating investors eager for a piece of […]
FG to sell Afam Power Plant at N105bn today
By Emma Ujah The federal government will realise the sum of N105 billion from the privatisation of Afam Power Plant. The Director-General of the Bureau of Public Enterprises, BPE, Mr. Alex Okoh, stated this in Abuja, yesterday. According to him, the deal will be sealed at the Villa. He said that despite the COVID-19 pandemic, the […]
Biden leads as US vote count lingers
…Trump, Biden await results in battleground states …Two Nigerians, Agbaje, Oye win Minnesota, District of Columbia By Henry Ojelu with agency report THE excruciatingly close U.S. presidential election hung in the balance yesterday with Democrat Joe Biden leading in two critical Midwestern states that could tip the contest in his favor even as President Donald […]
EndSARS: World court x-rays crimes against protesters
…International Criminal Court opens inquiry into ‘crimes’ committed during #EndSARS protests …Ministers from South-West submit report to FEC, ask FG to probe military involvement in Lekki shootings …Seek compensation for affected SMEs, support for Lagos State Govt …Obasanjo blames #EndSARS protest on poor investment in youth devt …Ozekhome, other activists, lawyers react to govt’s clampdown […]
Buhari should walk his talk on police welfare
By Ikechukwu Amaechi Almost a month after #EndSARS protests rocked the country, Nigerians are still in a quandary about what to do next because the issues that led to the crisis remain unaddressed. The government that earned itself a breather by brutally quelling the protests is more interested in passing the buck. Which explains why […]
Banks’ borrowings from CBN crashes by 93%
Deposit Money Banks’ reliance on the loans from the Central Bank of Nigeria (CBN) fell sharply by 93 percent in August, driven by surge in idle cash (excess liquidity) in the interbank money market.
