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Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch.

Hollywood-backed Quibi to shutter six months after launch

Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch.

S&P cuts Zambia to default after Eurobond payment missed

S&P Global Ratings Services cut its assessment of Zambia’s debt to selective default after it said it couldn’t meet payments and skipped a coupon on its Eurobonds last week.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

#EndSARS: Nigerian stock market investors lose N113.1 billion

The Nigerian stock market could not sustain the bullish performance recorded earlier in the week as the market, Wednesday, plunged by 0.75 per cent following the curfew announced by the Lagos State as a result of the protest by Nigerian youths against police brutality, tagged #EndSARS.
Prof. Kemebradikumo Pondei, Acting Managing Director of Niger Delta Development Commission (NDDC) has promised sweeping changes in the commission.

NDDC chief shuns House of Reps committee investigating misappropriation of funds

Prof. Kemebradikumo Pondei, the Managing Director, Interim Management Committee (IMC) of Niger Delta Development Commission (NDDC), has shunned the House of Representatives committee investigative hearing into the alleged N139.32 billion misappropriated between 2013 and 2018.
The Lekki Concession Company, LCC, has refuted claims that it removed the CCTV’s at Lekki tollgate few hours before the shooting of protesters on Tuesday.

Lekki shootings: Lagos government can’t be exonerated – Joe Okei-Odumakin

Two civil rights movements under the aegis of Women Arise and Centre for Change, on Wednesday, lent its voice to the killing of #EndSARS protesters by security operatives in Lagos but warned that Nigeria may return to its pariah status in the comity of nations witnessed during the regime of late General Sani Abacha.