AMCON Archives

AMCON’s new DG will improve debt recovery, says commentator

AMCON seizes Glano’s property over N2bn debt

The Asset Management Corporation of Nigeria has seized assets belonging to Glano Nigeria Limited, which was in debt for over N2 billion. The takeover was disclosed on Monday by the director of AMCON’s corporate communications, Jude Nwauzor, in a statement he made. He disclosed that the takeover was carried out in accordance with Justice I. N. […]

bfatoyepdnlimited-com
18th April 2023
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76 Views

Electricity

Fidelity Bank takes over Kano, Benin, Kaduna Discos

Fidelity Bank Plc has taken over Kano, Benin and Kaduna electricity distribution companies after the bank initiated action to take over the boards of the three Discos. The Federal Government announced the takeover on Tuesday night. Also, the government through its Bureau of Public Enterprises, announced that with the takeover of Ibadan Disco by the […]

agencyreport
6th July 2022
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333 Views

Aviation

Unions sound warning over plot to take over Arik, Aero

The National Union of Air Transport Employees and the Air Transport Services Senior Staff Association of Nigeria have raised the alarm over an alleged plot by some groups to take over Aero Contractors and Arik. The Asset Management Corporation of Nigeria, the nation’s bad debt manager created by the Federal Government, owns majority shares in […]

agencyreport
17th May 2022
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180 Views

Maritime

Agents, policies blamed as abandoned ships litter Nigerian waters

In Nigeria, it is normal to detain ships and allow them to sink or rot away. In this piece, this story looks at the possible causes of this anomaly and the way forward The nation’s maritime industry woke up on April 3, 2022, to yet another sad story of a gunboat, named NIMASA/Barugu, going down […]

agencyreport
28th April 2022
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157 Views

NNPC, Chevron complete Awodi-07 appraisal, exploration well

PAYE reductions boost workers’ salaries – Oyedele

Dangote Cement inducts 200 engineers after graduate training

Unilever Nigeria’s 2025 profit after tax hit N30.7bn

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Some Populer Post

Rewane declares naira undervalued by 11%

Microsoft deploys new AI chip to boost efficiency across

Toyin Abraham’s ‘Oversabi Aunty’ movie crosses ₦1bn at box

EU probes X platform after Grok generates explicit material

Tag: AMCON

AMCON seizes Glano’s property over N2bn debt

Fidelity Bank takes over Kano, Benin, Kaduna Discos

Unions sound warning over plot to take over Arik, Aero

Agents, policies blamed as abandoned ships litter Nigerian waters

Rewane declares naira undervalued by 11%

Microsoft deploys new AI chip to boost efficiency.

Toyin Abraham’s ‘Oversabi Aunty’ movie crosses ₦1bn at.

EU probes X platform after Grok generates explicit.

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