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Samsung Electronics vice-chairman Lee Jae-yong was not in attendance for a scheduled court hearing Monday after the death of his father, Samsung chairman Lee Kun-hee, was announced yesterday. Yonhap reports that the conglomorate’s de facto leader and presumed heir had asked the Seoul High Court to permit him to attend the funeral.
Australia’s second-biggest city will this week exit its coronavirus lockdown following nearly four months under onerous restrictions, authorities announced Monday, after no new daily cases or deaths were recorded.
TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr Elumelu, who is one of only four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.
There have been too many scams and scandals in Britain’s financial services’ market and a fundamental review is needed, the Financial Conduct Authority (FCA) said on Tuesday.
According to the Principal Lead MasterCard Advisors for Sub-Saharan Africa, Bola Asiru, “POS transaction volume along with mobile transactions (Interscheme) value, reached four years high with N416 billion and N275 billion transactions in July respectively.
Prof. Olayinka David-West of Information Systems/Academic Director, Lagos Business School, has urged banking institutions to embrace digital economy to address the increasing numbers of people visiting their branches daily.
The Nigerian Stock Exchange (NSE) has announced the upgrade of its whistleblowing platform, X-Whistle.
Despite weak sentiments, the Nigerian equities market closed positive last week as All Share Index (ASI) gain 0.58 per cent. Thus local bourse recorded its largest weekly gain in seven weeks.
Vodacom Group plans to create a ‘super app’ in partnership with digital payment provider Alipay, part of China’s Alibaba group, to allow consumers in South Africa to shop online, pay bills and send money to family from next year.
The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises Development Fund (MSMEDF), the Accelerated Agricultural Development Scheme (AADS) and seven other intervention schemes in its bouquet.
“Under the chairmanship of Ebi, Fidelity Bank recorded significant growth across key financial metrics with both Ebi and Adetu playing significant roles, complementing management effort in the delivery of these milestones; in service of the long term vision of the Bank,” a bank spokesperson said in a statement.
South Africa is considering introducing flexible restrictions on economic activity after it phases out a nationwide lockdown, according to a draft government presentation seen by Reuters on Wednesday.
Japan’s Health Ministry and local governments said on Tuesday that the number of COVID-19 cases in the country rose by 53 to 7,744.
The momentum of activities at the Nigerian equities market has increased as investors opened up more orders in early positioning for the often-expected Santa Claus rally. Investors staked N15.5 billion on 1.38 billion ordinary shares in 14,528 deals last week, 32.3 per cent increase on total turnover volume of 1.04 billion ordinary shares valued at N14.63 billion in 14,974 deals traded in the previous week.
The National Insurance Commission (NAICOM) has approved the appointment of Haruna Mohammed and Uzoma Igbonwa as the nonexecutive directors for Standard Alliance Insurance Plc.
The United Kingdom High Commission has announced that its center’s across the country has reopened.
Most of the looted palliatives in warehouses across the nation were awaiting distribution to over 2 million vulnerable households, the private sector-led Coalition Against COVID (CACOVID) has explained.
Two minors and four other suspects were paraded on Monday by police in Ekiti State in connection with arson attacks on three police stations in the State.
The Ekiti State Judicial Panel of Inquiry on the Allegations of Human Rights Violations Against the Police, defunct SARS officers and other Persons has commenced its activities with a call on citizens of the State to start submitting petitions ahead of its November 2 inaugural sitting.
The British High Commission in Nigeria has asked the Federal Government of Nigeria led by President Muhammadu Buhari to investigate all killings and incidents associated with the #EndSARS protests.
About 32 civil society groups have jointly signed a petition demanding for prosecution of all the security personnel involved in the bloody shooting of peaceful #EndSARS protesters at Lekki TollGate in Lagos on Tuesday night.
Manchester City’s injury problems mounted after their Brazilian midfielder Fernandinho was ruled out for up to six weeks after suffering a leg injury in their 3-1 Champions League win over Porto on Wednesday.
A group, the North-South Progressive Movement (NOSOP), has expressed concern over the hijack of the ongoing protest across the country by some hoodlums and miscreants masquerading as protesters.
Gov. Abubakar Bello of Niger has inaugurated a 14-man judicial panel of inquiry, to investigate cases of police brutality and other related extrajudicial acts by the disbanded Special Anti-Robbery Squad (SARS) in the state.
Oyetola who spoke during an on the spot assessment of the extent of damage perpetrated by looters in the state on Saturday said those who perpetrated the act have the period of grace to return looted property to either the palace of monarchs within their domain or the Chairmen of their respective council areas