Ministers, lawmakers among N5tn chronic debtors – AMCON
Ahmed Kuru, the managing director/chief executive officer, Asset Management Corporation of Nigeria, said the chronic debtors of the corporation were ...
Tuesday, March 3, 2026
Tag: Amcon
Nigeria at risk of losing $15bn of crisis-era bad loans
Nigeria is facing the risk of never recovering about 5.5 trillion naira ($15 billion) of bad loans taken over during ...
CBN hangs noose on banks, sterilizes N9trn loanable funds
The Central Bank of Nigeria (CBN) has set the noose round the necks of banks operating in the economy, many ...
FG reconstitutes board of Nigeria Bulk Electricity Trading Company
The Federal Government has announced the reconstitution of the board of directors of Nigeria Bulk Electricity Trading Company (NBET). The ...
AMCON reduces operational loss by 90%, unveils bullish outlook on recovery
The Asset Management Corporation of Nigeria (AMCON), the public institution set up to buy bad debts from banks, said losses ...
Nigeria bad bank takes over serving senator’s assets over N20bn debt
The Asset Management Company of Nigeria (AMCON) has taken over the assets of Stella Oduah, former minister and serving senator, ...
Foreign reserves mere accounting item, not savings – Chike-Obi
Mustapha-Chike-Obi Mustapha Chike-Obi, the immediate past managing director of the Asset Management Company of Nigeria (AMCON) has told business a.m. ...
AMCON disowns media stories on purported response to Grant Properties’ allegations
The Asset Management Corporation of Nigeria (AMCON) in a statement Tuesday said media stories making the rounds regarding its response ...
Nigerians commend AMCON on intervention in Arik, Aero
Airline passengers in Nigeria have commended the Asset Management Corporation of Nigeria (AMCON) on its intervention in two of Nigeria’s ...
Nigeria bad bank refutes business discussions with Ethiopian Airlines on Arik Air takeover
The Asset Management Corporation of Nigeria (AMCON) has refuted media reports that it is in talks with Ethiopian Airlines on ...
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