Poor assets valuation affecting disposal, says AMCON
To enable it to dispose of several billions of naira worth of assets that are tied down in its book due to inappropriate valuation, strange market forces among other vices, the management of Asset Management Corporation of Nigeria (AMCON) has called for the creation of ‘AMCON Market,’. This, it said would involve key players in…
House of Reps panel okays recovery efforts at Aero, Arik
House of Representatives Committee on Banking and Currency has described as satisfactory the recovery efforts at both Aero Contractors and Arik Air...
How Nigerian government, Indians wreck multi-billion dollar Delta Steel Company, rip off host communities and tax payers
Delta Steel Company PLC in Ovwian-Aladja communities, Udu local government area, Delta State was established to be the flagship of the steel industry in West Africa.
UK’s unexplained wealth orders and Nigeria
I think what the U.K has done is a good thing but we must always be careful to focus on Nigerian issues and not on issues that concern the U.S or U.K, because they have their own issues too...
Lawmakers to visit Arik, Aero airlines over AMCON takeover
The House of Representatives Committee on Banking and Currency, has said it will soon pay a visit to Arik and Aero airlines for on-the-spot assessment of recent positive developments at the two airlines since their take over by the Asset Management Corporation of Nigeria....
EFCC recovered N473.1 billion, $98.2 million in 2017, says Magu
The acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu has disclosed that his outfit recovered the sum of N473,065, 195,977.50 in 2017.
AMCON solicits patronage for rescued PAN Nigeria
To sustain the successes recorded by the rescued PAN Nigeria Limited and assessed local content in its operations, the Asset Management Corporation of Nigeria (AMCON) has called for collective patronage of its range automobiles.
Air travel market shrinks amid lower passenger traffic, flights
Air travel market in Nigeria shrank in 2017 with lesser number of passengers and flights recorded on both the local and international routes.
AMCON wins USAID-ECR award for donations
Asset Management Corporation of Nigeria (AMCON), last week, received another award in Maiduguri, the Borno State capital from USAID-Nigeria Education Crisis Response Project.