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The Minister of Power, Works and Housing, Babatunde F stanley france ashola says every loss recorded in the power sector will be tracked and accountedfor.The minister spoke at the 14th Power Sector Operators ; Meeting held in Osogbo, the Osun state capital.Th stanley thermos e meeting hoste adidas samba schuhe d by the Transmission Company of Nigeria TCN , provided opportunities for operators in the power sector in Nigeria to discuss matters bothering on power generation, transmission and distribution among others.Fashola who chaired the meeting stressed that the bulk of work in the power sector now rests with the private business owners and warned them against flaunting the laws guiding the power sector. Read Also FG Approves N185Bn to Settle Gas-to-Power Legacy DebtsFashola Raises Tough Question on Nigerians ; Perception Of Good LeadersGov Idris calls for quick power restoration in affected Kebbi communitiesThe interim Managing Director of the Transmission Company of Nigeria, Usman Mohammed said the TCN is mindful of its shortcomings, and is working towards decentralizing its operations. ADVERTISEMENT At the end of the meeting, incidents of insider malpractice and its negative impact on the customers among other things were acknowledged,and the need for vigilance to eliminate such cases was agreed upon. Zfun Filipino Catholics protest against drug war killings, death penalty bill
Tuesday 14 March 2023 7:49 am|Updated:Tuesday 14 March 2023 7:50 amClose Brothers profit takes a 90 per cent hit following pound;100m Novitas write offBy: Chris DorrellShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on Wh owala website atsAppEmailShare on EmailAdd as a preferredsource on GoogleRationalFX, founded and owned by Rajesh Agrawal, the former deputy mayor of London for business, was hit by the volatility of the pandemicClose Brothers half year profit slumped as the bank set aside over pound;100m for bad loans relating to legal finance specialist Novitas.As a result of the provisions the London-based merchant bankrsquo adjusted operating profit fell 90 per cent to pound;12.6m during the six months ending January 2023.Close Brothers signalled to the market in January that it would have to set aside significant amounts to cope for losses at Novitas.In total, the bank recognised provisions of pound;114.6m in the first half, taking owala water bottle the overall credit provisions against Novitas to pound;183.2m.It said it was confident that this level of provisions adequately reflects the remaining risk of credit losses for the Novitas loan book and it is now focused on maximising the recovery owala canada of remaining loan balances. Close Brothers acquired Novitas in 2017. In 2021 Close Brothers ceased approval of new loans from Novitas and let existing loans run off.CEO Adrian Sainsbury noted it has been a challenging six months, with our half year |
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