amcon news

Ahmed Kuru is the head of Nigeria’s state-backed ‘bad bank’ AMCON who led the sale of some of the country’s nationalised banks such as Keystone bank, Afribank, Spring bank..... Read more via Tori News – https://ift.tt/2EyNL82 Get More Nigeria Metro News

The Asset Management Corporation of Nigeria (AMCON) at the weekend decried the falling value of its N5 trillion assets, stating that their current worth might not exceed N1 trillion owing to the toxic nature of banks’ … Read more via The Guardian Nigeria Newspaper – Nigeria and World News –...

The Assets Management Corporation of Nigeria (AMCON) has said that it will commence the process for the sale of Polaris Bank, after the general elections. Spokesman for AMCON, Jude Nwazor, said that the corporation will advertise for investors to express their... Read more via Channels...

The Asset Management Corporation of Nigeria (AMCON) says Polaris Bank will be ... Read more via Ladun Liadi’s Blog – http://bit.ly/2FTK139 Get more: Nigeria Business News

The Asset Management Corporation of Nigeria (AMCON) will seek new investors to take over nationalised lender, Polaris Bank Limited, after elections next month and is taking stock of the bank’s assets ahead of the sale, a spokesman for the Corporation, said yesterday. Reuters quoted AMCON’s …...

The Asset Management Corporation of Nigeria (AMCON), has reiterated its full support for its Asset Management Partners (AMPs), in the pursuit to recover the 20 per cent or N740billion of the total N3.7trillion Eligible Bank Assets (EBAs) portfolio that are in the hands of obligors..... Read...

President Muhammadu Buhari has ratified new appointments into key federal agencies while also confirming those earlier appointed. Among the people whose appointments were confirmed included the Deputy Governor, Central Bank of Nigeria (CBN) Mr. Adebisi Shonubi, Part- time Chairman, Asset...

Foremost financial and investment analyst, Mr. Bismarck Rewane, has commended the Federal Government, through the Central Bank of Nigeria (CBN), Asset Management Corporation of Nigeria (AMCON), and the Nigeria Deposit Insurance Corporation (NDIC), for the establishment of Polaris Bank Limited...

Billionaire businessman and owner of Bi-Courtney Limited, Mr. Wale Babalakin, has warned the Asset Management Corporation of Nigeria (AMCON) to desist from publishing his name and that of his companies in its list of debtors..... Read more via P.M.EXPRESS – https://ift.tt/2ScwaIZ Get More...

Years after the initial debtors list was released by the Asset Management Corporation of Nigeria (AMCON), the corporation has released the list of delinquent debtors who have failed to meet it at the negotiation table, all 105 of them owing a total of N906.109 billion. Capital Oil and …...

The Chief Executive Officer (CEO), Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru has affirmed that the agency and the management of Polaris Bank have.... Read more via Nairametrics – https://ift.tt/2ywiCir Get more: Nigeria Business News

The Central Bank of Nigeria (CBN) may have a battle on its hands following the revocation of Skye Bank’s operating licence on Friday. In a press release, issued Friday, the apex bank hinged its decision on the inability of shareholders to recapitalise the bank.... Read more via Nairametrics –...

Shareholder groups across the country have reacted bitterly to the takeover of Skye Bank Plc following the revocation of its operating license by the Central Bank of Nigeria (CBN) on Friday.... Read more via Ladun Liadi’s Blog – https://ift.tt/2OKJOAW Get more: Nigeria Business News

The Central Bank of Nigeria (CBN) this evening announced the takeover of Skye Bank, and the setting up of a new Bridge Bank called Polaris to manage the bank’s assets. A N786 billion facility is to be injected into the bank by AMCON, according … Read more via BusinessDay : News you can...

The Chief Judge of Federal High Court, Abuja Division, Hon. Justice Adamu Abdu Kafarati, has reiterated the need for judges in Nigeria to support the recovery efforts of Asset Management Corporation of Nigeria (AMCON) since the corporation was established as a central element of … Read more...

The House of Representatives Committee on Banking and Currency said that the lower chamber will work with the Senate to ensure quick passage of the AMCON amendment bill. Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri, said this at a...

The claim by the former AMCON Boss that $300m initial capital for the national carrier represents 5% of the initial capital is not only misleading but mischievous and unpatriotic..... Read more via Nairaland – https://ift.tt/2NAgX1e Get more: Nigeria Business News

The Asset Management Corporation of Nigeria (AMCON) has dismissed insinuations that it is planning to use the assets of Aero Contractors and Arik Air, two troubled airlines under its management, to … Read more via Thisdaylive – https://ift.tt/2A0o0OL Get more: Nigeria Business News

A Federal High Court in Abuja has granted an order for Asset Management Corporation of Nigeria (AMCON) to take over Sigma Apartments owned by Sigma Engineering & Construction Limited over a debt of over N1 billion. Sigma Apartment is promoted by a former Minister of Sports and Social...

Sen. Rafiu Adebayo Ibrahim, the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, made the plea on … Read more via pulse.ng – Nigeria’s entertainment & lifestyle platform online – https://ift.tt/2L3ZCQL Get more: Nigeria Business News