Asset Management Corporation of Nigeria, AMCON

Lawsuit: Arik Air indebted to various creditors – AMCON

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 […]

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Asset Management Corporation of Nigeria, AMCON

AMCON denies selling of Arik Air

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 […]

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