asset management corporation of nigeria

The Asset Management Corporation of Nigeria (AMCON) N3.8 trillion six-year Notes will mature in 2023, a report by the Central Bank of Nigeria (CBN) has shown. According to the CBN’s Annual Activity Report, the AMCON Bond was issued in December 2014 at six per cent interest rate and have …...

The Vice Chairman, Alpha African Advisory and former Chief Executive Officer of the Asset Management Corporation of Nigeria, Mr. Mustafa Chike-Obi, who was the guest speaker at a recent forum organised by the Finance Correspondents Association of Nigeria in Lagos, urged the federal government to...

The Asset Management Corporation of Nigeria (AMCON), says that only 350 Nigerians are responsible for more than 80 per cent of the N5.4 trillion debt portfolio of the company. The Managing Director/Chief Executive Officer of AMCON, Ahmed Kuru disclosed this in an interview with the … Read...

The Asset Management Corporation of Nigeria (AMCON) has indicated plans to sell some of its assets in 2018, which it listed to include Arik Air, Aero Contractors, Peugeot Automobile Nigeria (PAN), Delta Queen, among others. Owing to the planned sale of the assets, AMCON which recently released...

The quest for debt recovery by the Asset Management Corporation of Nigeria (AMCON) would soon test the option of “name and shame,” especially for the Politically Exposed Persons (PEPs), … Read more via The Guardian Nigeria Newspaper – Nigeria and World News – https://ift.tt/2JdBPtv Get...

Mr Ahmed Kuru, the Managing Director, Asset Management Corporation of Nigeria (AMCON) on Friday said the corporation recovered N740 billion from debtors in 2017. Kuru stated this at a news conference on ‘Debt Recovery, Nigeria Economy and the Corporation’ … Read more via PM NEWS Nigeria –...

Ahmed Kuru, managing director of Asset Management Corporation of Nigeria, AMCON, has said the organisation’s intervention in Arik Air and Aero Contractors were intended to be value adding and not destroy the airlines. Speaking at the 6th Nigeria Transport Day Newspaper Awards and Lecture …...

The Asset Management Corporation of Nigeria (AMCON) has taken over Best Western Hotels in Ikeja and Victoria Island, Lagos over a N27 billion debts, following a court order. The order mandated AMCON to seal up and take over the management of the hotel belonging to embattled Ogun politician...

Ethiopian Airlines, owned by the Ethiopian government has made a bid to the Nigerian government to take over Nigeria's biggest airline, Arik. Esayas WoldeMariam, Ethiopian’s managing director of international services, told CNN that the airline had made an offer, and was just waiting for the...

The Asset Management Corporation of Nigeria (AMCON) on Sunday on an order of a Federal High Court seized multi-billion naira properties in Lagos, Ogun and United Kingdom from three property firms and eight others following an alleged N4,680,343,681.47 bank debt. The assets, including land...

Imo state governor, Rochas Okorocha, has anointed the executive director with Asset Management Corporation of Nigeria (AMCON), Eberechukwu Uneze, to succeed him in 2019. Okorocha called on all indigenes of the state to trust his judgement when he points in the direction of who takes over as Imo...

President Muhammadu Buhari-led federal government has appointed advisers to help set up a national airline and develop its aviation infrastructure – currently seen as a barrier to economic growth – to create a hub for West Africa, the Minister of State for Aviation, Hadi Sirika, said on...

The Asset Management Corporation of Nigeria, AMCON on Monday announced the sale of Keystone Bank, one of Nigeria’s commercial banks. Keystone Bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium). A statement signed by...

Capt. Ado Sanusi has been appointed as the new Chief Executive Officer of Aero Contractors and will on Monday assume office. The Asset Management Corporation of Nigeria has announced that he takes over from Capt. Fola Akinkuotu, who was recently appointed as the Managing Director of the...

The Asset Management Corporation of Nigeria, AMCON last Friday successfully took over possession and management of Dansa Foods Processing Company Limited belonging to Sani Dangote in order to recover its N400 million outstanding debt. Sani Dangote is the younger brother to Aliko Dangote...

The Minister of State for Aviation, Senator Hadi Sirika yesterday assured the workers of Aero Contractors Airline that the federal government will do everything within its power to save the airline. He said this while addressing the protesting staff who occupied its headquarters at the...

Asset Management Corporation of Nigeria (AMCON) has said that it will soon conclude the sale of Keystone Bank formerly Bank PHB, the last of the three banks which the bad bank took over in August 2011. According to the Managing Director and Chief Executive of the bad bank, Ahmed Kuru, the sale...