In commemoration of the International Women’s Day (IWD) the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has called on parents to educate the girl child to enable them stand the opportunity to compete with their male counterparts in the financial services industry and other fields of employment hitherto […]
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The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, was among the recipients of the ‘Businessday Excellence in Public Service Awards 2018.’ A statement explained that Kuru was one of the 16 public and civil servants that were recognised and honoured by the newspaper at an event that took […]
Read More About 2, 000 textile workers of Nigerian Braiding Manufacturers (NBM) in Kano are on the verge of been to the labour market,as the Asset Management Corporation of Nigeria AMCON is allegedly making moves to begin sale process of the Company over ₦1.5 billion debt. The unaided workers comprising 400 staff and over 1, 500 casuals […]
Read More The Senate, yesterday said it would soon authorise the Asset Management Corporation of Nigeria (AMCON) to publish names of the debtors responsible for 80 percent of its ₦4.8 trillion debt. Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Adebayo Ibrahim, disclosed this at a 2-day retreat to discuss the AMCON Act […]
Read More Members of the organised labour have threatened to picket the 350 firms and individuals that allegedly owe the Asset Management Corporation of Nigeria about N4.3tn. The threat comes two weeks after the Managing Director of AMCON, Ahmed Kuru, said only 350 Nigerians were responsible for more than 80 per cent of the N5.4tn debt portfolio […]
Read More Asset Management Corporation of Nigeria (AMCON) has restructured its asset sales in a bid to facilitate speedy disposals. Managing Director/Chief Executive Officer of AMCON, Mr. Ahmed Kuru who disclosed this at a 2-day Asset Sales Strategy Retreat in Abuja, added that the Corporation has restructured its processes from within in anticipation of better outcomes in […]
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Asset Management Corporation of Nigeria (AMCON) at the weekend secured a court injunction from Justice M.S. Hassan of the Federal High Court Lagos Division against Sea Petroleum Oil & Gas Limited, whose chief promoter is former Minister of Aviation, Senator Princess Stella Oduah-Ogiemwonyi. The former minister who is currently a serving member of the 8th […]
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Management of Arik Air says it has reduced flight fares for its Lagos-Abuja routes. In a statement on Monday, the airline also said it has reduced the price of its Lagos to Accra one-way ticket from ₦51,240 to ₦43,000. “Arik Air has introduced pocket-friendly fares on the Lagos-Accra and Abuja-Accra routes,” the statement read. “You […]
Read More Nigeria’s Asset Management Corporation of Nigeria has pushed aside the suit flied by shareholders of Arik Air against the Federal Government and Ethiopian Airlines over purported talks to rescue the troubled carrier. According to AMCON, the fact that the Arik is hugely indebted to various creditors to the tune of over ₦300 billion, and has […]
Read More Nigeria own Asset Management Company (AMCON) has denied the story making the rounds that Ethiopian Airlines was in discussion with it to buy over Arik Air. AMCON in a statement by its Head of Corporate Communications, Mr. Jude Nwauzor, explained that contrary to such reports, AMCON was not aware of any current discussion or negotiation […]
Read More Former Vice Chairman of Arik Air, Senator Anietie Okon, has applauded the Asset Management Corporation of Nigeria (AMCON) for its timely intervention in Arik Air, noting that its take over had stalled plans to sell it off. Okon also decried the continuous dominance of Nigeria’s airspace by foreign airlines saying at present no Nigerian airline […]
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As talks on Etisalat Nigeria’s $1.2billion bank debts continue to generate ripples,the issue of floating a new specialised company to soak up the non-performing loans (NPLs) in the banking sector, which has grown above the 100 per cent threshold, set by the Central Bank of Nigeria (CBN), has again come to the front burner. The […]
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