NASFAT youth brainstorm on ‘bridging the gap’
The Youth Wing of Nasrul-Lahi-L-Fatih Society (NASFAT) worldwide at its just concluded 12thInternational Youth Conference at Ede, Osun State, Nigeria resolved that for our nation`s youth...
AMCON promises to ensure success of asset management programme
The Asset Management Corporation of Nigeria (AMCON), has called on the Asset Management Partners (AMPs), to take their assignments seriously, as those that performed creditably well stand the chance of having their portfolio increased in the second batch.
Arik faces liquidation over N387b bad debts
Arik Air risks being sold or liquidated by the Federal Government. Already, the Asset Management Corporation of Nigeria (AMCON) has filed an affidavit at the Federal High Court...
Airlines, NCAA bicker over N15b debt
Nigerian Civil Aviation Authority (NCAA) and its operating airlines are currently bickering over debts owe by the operators. While the apex regulatory body estimates the debt in excess of N15 billion...
Local airlines lose N39.2 billion yearly to expatriates
Local airlines are weighed down by a yearly wage bill of N39.2 billion for expatriate pilots and engineers.Some of these domestic carriers which are already in distress parade no fewer than 682 foreign pilots with cumulative wage bill in excess of N3.27billion a month.
AMCON retrieves N681 billion from ‘chronic debtors’
The Asset Management Corporation of Nigeria (AMCON) has recovered over N681.5 billion from chronic debtors in the last six years.The Managing Director of AMCON, Alhaji Ahmed Kuru disclosed this to the News Agency of Nigeria in Abuja yesterday during an interactive...
New investors take over Keystone Bank
The move followed their unveiling by Asset Management Corporation of Nigeria (AMCON), after the Completion Meeting held on Thursday, attended by the consortium (buyer), AMCON (seller), Board and Management of Keystone Bank.
Shareholders’ endorse Zenith Bank’s N57b dividend
The bank had earlier paid an interim dividend of 25 kobo and a final dividend of N1.77 kobo. Speaking at the Bank’s 26th yearly general meeting held in Lagos yesterday, the shareholders also urged the board to increase the contribution of its savings to deposit.