Ahmed Kuru
17 Jan 2020
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…
10 Dec 2019
Hon. Justice C.J. Aneke of the Federal High Court Lagos Division has granted an injunction against Cedar Oil & Gas Exploration and Production Limited...
9 Dec 2019
Over two years since the Federal Government took over Arik Air, more facts have emerged on how the airline was mismanaged, with the latest alleging the acquisition of two dated planes for N91b.
26 Nov 2019
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.
17 Oct 2019
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.
14 Oct 2019
The recovery chase for the N5trillion debt in the portfolio of the Asset Management Corporation of Nigeria (AMCON) got new vista, as more government agencies enlist to hunt down the bad debtors.
21 Aug 2019
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.
31 Jul 2019
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.
25 Jul 2019
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.
7 May 2019
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…
1 Apr 2019
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.
29 Mar 2019
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.
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