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Trump Grants TikTok An Additional 75 Days To Secure A Buyer
US President Donald Trump announced on Friday that TikTok has been granted an extension of 75 days to find a non-Chinese buyer or risk a ban in the United States. This extension comes as the deadline was set to expire shortly.....KINDLY READ THE FULL STORY HERE▶
In a post on Truth Social, Trump stated, “My administration has been working diligently on a deal to save TikTok, and we have made significant progress.” He explained that “a transaction requires more work to ensure all necessary approvals are signed, which is why I am issuing an Executive Order to keep TikTok operational for an additional 75 days.”
The immensely popular video-sharing platform, which boasts over 170 million users in the US, faces the threat of a ban due to a US law enacted last year that mandates TikTok’s separation from its Chinese parent company, ByteDance, or face shutdown in the country.
Trump has maintained that his administration is close to finalizing a deal to secure a buyer for TikTok to prevent it from going offline, although he has not provided extensive details.
The push for a ban is driven by national security concerns, with skepticism in Washington regarding TikTok’s ties to the Chinese government. The initial ban was set to take effect on January 19, just one day before Trump’s inauguration.
In response to the impending deadline, TikTok briefly ceased operations in the US, disappearing from app stores and leaving millions of users frustrated. However, Trump promptly declared a 75-day delay, and TikTok restored services, returning to both Apple and Google app stores in February.
The newly announced deadline extends to June 19. Trump has consistently minimized the risks faced by TikTok, expressing confidence in finding a buyer for its US operations.
On Friday, he indicated that he would “continue working in good faith with China,” as the Chinese government would need to approve any transaction.
Additionally, Trump hinted that a potential deal could be part of a broader arrangement with China to alleviate the tariffs he imposed on Chinese goods.
Trump said, “We do not want TikTok to ‘go dark.’ We look forward to collaborating with TikTok and China to finalize the deal.”
Reports indicate that the proposed solution would allow existing US investors in ByteDance to transition their stakes into a new independent global TikTok entity, with additional US investors, including Oracle and Blackstone, coming on board to reduce ByteDance’s share in the company.
Much of TikTok’s US operations are already supported by Oracle’s servers, and its chairman, Larry Ellison, has long been an ally of Trump. ABC News reported that Walmart is also involved in discussions.
When Trump first sought to divest TikTok from its Chinese owners, Walmart and Oracle were previously rumored to be interested in acquiring shares.
While Trump initially supported a ban or divestment during his first term, he has recently emerged as a defender of TikTok, perceiving it as a factor that could attract younger voters in the upcoming elections.
Concerns remain regarding TikTok’s algorithms, as experts indicate that the platform without its algorithm would be considerably less powerful. The New York Times suggested that the new company might license the algorithm from ByteDance, but this could conflict with the law’s intent, which suggests it could be misused against US interests.
Additionally, Amazon has reportedly made a last-minute bid to acquire TikTok. Other proposals include a campaign called “The People’s Bid for TikTok,” initiated by Frank McCourt’s Project Liberty initiative, as well as interest from AI startup Perplexity, a joint venture featuring YouTube star MrBeast, and Even a bid from adults-only site OnlyFans.
Abia State Governor, Alex Otti, has reaffirmed his administration’s commitment to partnering with investors to drive development and generate employment opportunities across the state.....KINDLY READ THE FULL STORY HERE▶
The governor made the statement at the Government House in Umuahia during the signing of a Memorandum of Understanding (MoU) for the development of the Aba Commercial Smart City, a project expected to create about 125,000 jobs.
Represented by his Chief of Staff, Caleb Ajagba, Otti said the project would transform Aba and the wider Abia State into a major industrial hub, fostering sustainable economic growth and large-scale job creation upon completion.
He emphasized that his administration prioritises the creation of quality employment over handouts, noting that meaningful jobs remain the most effective way to empower youths and citizens.
The governor also called for sustained public-private sector collaboration in the state’s development, citing the recent achievement of 90 days of uninterrupted power supply in Aba as a product of effective partnership between the government and private investors.
Speaking on the project, the Manager of Technical Services for Aba Commercial Smart City, Mr. David Okoro, disclosed that the development would occupy 140 hectares of land in Osisioma and generate 25,000 direct jobs and 100,000 indirect jobs for residents of Abia State.
Ten inmates of the Old Abeokuta Custodial Centre in Ibara, Ogun State, have secured free admission into Yewa Central College of Education to study various academic programmes.....KINDLY READ THE FULL STORY HERE▶
The beneficiaries, made up of seven males and three females, were admitted into courses including English Language/Social Studies, Economics/Social Studies, Political Science/Social Studies, Business Education, Physical and Health Education, Economics/Political Science, and Economics/Computer Science.
Speaking at a matriculation ceremony held within the correctional facility on Friday, the Provost of the College, Dr. Mary Bamgbose, formally welcomed the inmates into the 2025/2026 academic session and urged them to maintain good conduct.
She described the inmates as reformed and expressed confidence that they could become positive representatives of the institution after regaining their freedom.
“Today, 10 inmates who have been corrected and reformed are being matriculated into Yewa Central College of Education. As you begin this journey on February 6, 2026, I urge you to conduct yourselves properly,” Bamgbose said.
“As God is showing you mercy through this opportunity, I believe you can one day serve as good ambassadors of our college outside this system,” she added.
Speaking on behalf of the new students, Peter Adike expressed gratitude and pledged that, despite their incarceration, they are determined to make the opportunity count.
However, he noted that they still face challenges accessing essential learning resources such as teachers, textbooks, and classroom furniture.
Lagos State Governor, Babajide Sanwo-Olu, has reflected on the lasting legacy of former Nigerian Head of State, General Murtala Ramat Muhammed, describing his leadership as a moral benchmark for public service, fifty years after his death.....KINDLY READ THE FULL STORY HERE▶
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