1 day ago  Nigeria
Meanwhile, it also said it is nearing the completion of the sale of Peugeot Automobile Nigeria (PAN) Limited.The move, which is part of AMCON’s strategies to recover huge debt in its books, would see the local car assembly being off-loaded to local investors.
2 days ago  News
Asset Management Corporation of Nigeria (AMCON) recovered N134 billion in 2016, according to Mr Ahmed Kuru, the Managing Director/Chief Executive Officer.
20 May  Business News
The order, therefore, mandates AMCON to take over all the assets of Wokson International Limited and Chief William Oki, the promoter of Wokson International Limited, over N5billion indebtedness.
15 May  Aviation
A likely merger and conversion of assets of Arik Air and Aero Contractors is one of the options being considered by the Federal Government (FG) in the buildup to a new national carrier for the country.
10 May  News
A Federal High Court in Lagos, yesterday ordered the Department of State Services (DSS) to bring the detained Chief Executive Officer of Capital Oil and Gas, Dr. Ifeanyi Ubah to court on May 12.
3 May  Business
The intervention by the Asset Management Corporation of Nigeria (AMCON), with a fresh fund of N1.5 billion, according to the Chief Executive Officer, of Arik Air, Capt. Roy Ilegbodu....
2 May  Business News
The Asset Management Company of Nigeria (AMCON) has injected N1.5 billion in Arik Airline Ltd to safeguard its operations since its takeover.
28 Apr  Friday Worship
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...
27 Apr  Business News
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.
21 Apr  Business
A groundswell of condemnation has trailed alleged mismanagement Arik Airline following additional revelations by the Assets Management Corporation of Nigeria (AMCON) that the former managers systematically plunged the airline into N387 billion debt.
13 Apr 1  News
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...
7 Apr  Business
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...