NAAPE to ground operations over sack of 600 Aero Contractors’ workers
The pilots and engineers, under the aegis of National Association of Aircraft Pilots and Engineers (NAAPE), said the strike is a protest against the sack of about 600 workers without any benefit.
Family battles AMCON, Ecobank over mortgaged property
They are seeking a declaration that the tripartite mortgage deed between Ecobank Nigeria Plc, JNC Limited and Samuel Iyiola Omotoso, is not valid, null and of no effect whatsoever.
NUPENG may begin strike over unpaid terminal benefits of members
NUPENG will withdraw its services from Abuja and its environs from August 10, 2017 over the refusal of AMCON to pay retrenched staff of Seawolf Oil services.
Banks-owned property up for grabs
The last is yet to be heard of the impact of recession in the country as financial institutions, especially commercial banks have begun to sell their idle landed property in major urban centres to cushion the liquidity shortage in the sector.
AMCON takes possession of Gateway Portland Cement over N3b debt
The Asset Management Corporation of Nigeria (AMCON) has taken possession of Gateway Portland Cement Limited factories over a debt of N3 billion.
Arik reorganises operations for customer satisfaction
Recovery efforts in operations and efficient services at Arik Air received a boost recently with the launch of a new unit to cater for customers and ensure satisfaction nationwide.
350 persons still owe AMCON N2.5 trillion
The debt concentration in the books of Asset Management Corporation of Nigeria (AMCON) remains heavy in few hands, as the agency indicated that 350 persons owe it N2.5 trillion.
AMCON takes over multi-billion naira properties over alleged indebtedness
The Asset Management Corporation of Nigeria (AMCON) has taken over multi-billion naira properties in Lagos, Ogun and the United Kingdom, following an alleged N4,680,343,681 bank debt.