The path to grow Nigeria’s aviation
For a long time aviation stakeholders have been expressing concern over the stagnant or retarding predicament of this massive sector, considering our natural, human and economic potentials. Perhaps based on these factors, including the $1.3 billion annually repatriated by foreign airlines, Senator Hadi Sirika put out a plan over four years ago to set up…
AMCON takes over oil firm due to N29 billion debt
Hon. Justice C.J. Aneke of the Federal High Court Lagos Division has granted an injunction against Cedar Oil & Gas Exploration and Production Limited...
‘Why Aero, Arik merger will not work for national carrier’
The proposed merger of Aero Contractors and Arik Air airlines as a potential national carrier has again been faulted by stakeholders, describing the proposal as a distraction to the cause of a fresh start.
‘Why AMCON’s debt may rise to N6.6 trillion if not checked’
The debt portfolio, under the Asset Management Corporation of Nigeria (AMCON) may escalate to N6.6 trillion by 2024, if left unchecked, as the “bad bank” still owes the Central Bank of Nigeria (CBN) N4.5 trillion while battling with N1.7 trillion Assets Under Litigation.
Stakeholders hinge credit management on trust
Stakeholders at ICA Credit Managers Conference 2019 in Lagos have said that the importance of trust in credit management for economic growth cannot be over emphasized.
FG moves to prosecute defaulters, recover over N5tr AMCON debts
To ensure the effective recovery of over N5 trillion being outstanding debts owed to the Asset Management Corporation of Nigeria (AMCON), a new task force has been set up to get the job done without fail.
‘Ministers, lawmakers among AMCON’s N5.5 trillion debtors’
The Managing Director, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has disclosed that political officeholders including ministers and lawmakers (names withheld), are among the 350 Obligors that account for over 80 percent of the N5.5 trillion debts it inherited as a result of non-performing loans (NPLs) in the country.
Three candidates that may succeed Godwin Emefiele
Nigeria’s central bank governor for the next five years will have to balance fighting inflation and propping up the currency against pressure to boost an economy that’s expanding slower than emerging-market peers. Godwin Emefiele’s first five-year term ends in June and he could be reappointed. But with less than a month to go, the top…
RIMAN, AMCON partner to strengthen risk management practices
Asset Management Corporation of Nigeria (AMCON) has stressed the need for consistent collaboration with Risk Management Association of Nigeria (RIMAN) in promoting professional practice and capacity building in the country.