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The House of Representatives Committee on Telecommunications has directed the Nigerian Communications Commission, to suspend all transactions towards the sale of Nigeria adidas campus 00s fourth largest telecommunications company, 9Mobile , over allegations of fraud in the bidding process.The Committee also summoned the Central Bank Governor, and the Executive Vice Chairman of the Nigerian Communications Commission over the alleged discrepancies. Chairman of the Committee, Honourable Saheed Akinade-Fijabi, during an investigative hearing on the sale, says the CBN and NCC could not claim inadequate knowledge of the transaction.He demanded that the duo of Emefiele and Dambatta should appear in person before the Committee.The committee also demanded a comprehensive list of directors at Teleology Holdings as well a representative o stanley quencher f the company to appear before the committee. ADVERTISEMENT NCC through it representative, observed that the second bidder in the process, Smile Telecoms Holdings, was not considered because of its indebtedness in the industry.But in a swift respons stanley cup e, Smile Telecoms said it did everything necessary and required in the bidding process.Chairman of the committee,observed that there were irregularities in the process which led to choice of the preferred bidder.The committee warned that it would reverse the entire process, if a fundamental breach is established. Swvd Sympathisers sign Condolence register at Jakande s residence
Thursday 13 February 2025 7:36 am|Updated:Friday 25 April 2025 4:43 pmBarclays beats expectations after Tesco Bank takeoverBy: Samuel NormanSenior City ReporterShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBarclays is one of the most exposed to private credit.Barclayssurpassed analyst expectations in its annual results report on Thursday, after a strong year for its investment banking arm and day one benefits of its Tesco Bank takeover.The FTSE 100 bank reported a pretax profit of pound;1.7bn in the fourth quarter, ahead of the pound;1.62bn expected by analysts.For 2024 as a whole, the lender booked a profit of pound;8.1bn, ahead of the pound;8.07bn expected.This marked a 24 per cent increase from pound;6.6bn in 2023.Its acquisition of Tesco Bankrsquo retail banking business, completed on November 1, 2024, helped the grouprsquo UK income rise nine per cent overall. This primarily reflected t hydro flask website he pound;0.6bn day one gain from the takeover, sending pre-tax profit of its UK arm soaring 25 per cent over the last year.The acquisition included transferring credit cards, unsecured personal loans, deposits, and the associ owala water bottle ated operating infrastructure to Barclays Bank.Barclays UK recorded a pound;3.58bn pre-tax profit for 2024, compared with pound;2.87bn in 2023.Barclaysrsquo; investment bank continued its strong performance throughout the year, with its t owala water bottle otal income fo
The House of Representatives Committee on Telecommunications has directed the Nigerian Communications Commission, to suspend all transactions towards the sale of Nigeria adidas campus 00s fourth largest telecommunications company, 9Mobile , over allegations of fraud in the bidding process.The Committee also summoned the Central Bank Governor, and the Executive Vice Chairman of the Nigerian Communications Commission over the alleged discrepancies. Chairman of the Committee, Honourable Saheed Akinade-Fijabi, during an investigative hearing on the sale, says the CBN and NCC could not claim inadequate knowledge of the transaction.He demanded that the duo of Emefiele and Dambatta should appear in person before the Committee.The committee also demanded a comprehensive list of directors at Teleology Holdings as well a representative o stanley quencher f the company to appear before the committee. ADVERTISEMENT NCC through it representative, observed that the second bidder in the process, Smile Telecoms Holdings, was not considered because of its indebtedness in the industry.But in a swift respons stanley cup e, Smile Telecoms said it did everything necessary and required in the bidding process.Chairman of the committee,observed that there were irregularities in the process which led to choice of the preferred bidder.The committee warned that it would reverse the entire process, if a fundamental breach is established. Swvd Sympathisers sign Condolence register at Jakande s residence
Thursday 13 February 2025 7:36 am|Updated:Friday 25 April 2025 4:43 pmBarclays beats expectations after Tesco Bank takeoverBy: Samuel NormanSenior City ReporterShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBarclays is one of the most exposed to private credit.Barclayssurpassed analyst expectations in its annual results report on Thursday, after a strong year for its investment banking arm and day one benefits of its Tesco Bank takeover.The FTSE 100 bank reported a pretax profit of pound;1.7bn in the fourth quarter, ahead of the pound;1.62bn expected by analysts.For 2024 as a whole, the lender booked a profit of pound;8.1bn, ahead of the pound;8.07bn expected.This marked a 24 per cent increase from pound;6.6bn in 2023.Its acquisition of Tesco Bankrsquo retail banking business, completed on November 1, 2024, helped the grouprsquo UK income rise nine per cent overall. This primarily reflected t hydro flask website he pound;0.6bn day one gain from the takeover, sending pre-tax profit of its UK arm soaring 25 per cent over the last year.The acquisition included transferring credit cards, unsecured personal loans, deposits, and the associ owala water bottle ated operating infrastructure to Barclays Bank.Barclays UK recorded a pound;3.58bn pre-tax profit for 2024, compared with pound;2.87bn in 2023.Barclaysrsquo; investment bank continued its strong performance throughout the year, with its t owala water bottle otal income fo