AMCON

Following the threat of its N4.6 trillion toxic loans to the economy, the levy on deposits in money banks, and the lean purse of the Federal government, calls for a scrap of the Asset Management Corporation of Nigeria (AMCON) which has…

The Federal High Court has refuted the allegation that Asset Management Company of Nigeria ( AMCON) sponsored its judges to training programmes in the United Kingdom. The court, in a statement by its Chief Registrar, Sulaiman Hassan, said…

The charges by both the National Deposit Insurance Corporation (NDIC) and the Asset Management Corporation of Nigeria (AMCON) have drawn a total of N247.88 billion from four Tier-1 banks in 2022 and cut down on returns to their equities'…

Fidelity Bank Plc has taken over the board of three power distribution firms in one fell swoop, a critical sign that the power sector is in a deeper crisis than imagined. The discos that have now lost their independence to…

The National Insurance Commission (NAICOM) weekend foreclosed bailouts or any form of financial assistance to failing insurance companies that can no longer meet up with obligations to policyholders. The commission came out with this…

Asset Management Corporation of Nigeria (AMCON) in 2020 collected a total of N151.53 billion as levy from Guaranty Trust Bank Plc (GTBank), FBN Holdings, and three other Tier-1 financial institutions operating in the country. The other …

Following the order of Honourable Justice C.J. Aneke of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over 13 prime assets linked to Centage Savings and Loans Limited and its Chief…

Rainoil Limited, and 13 others Thursday came under the hammer of Justice C.J. Aneke of the Federal High Court Lagos, freezing the bank accounts and shares owned by the downstream oil and gas company over a debt of N1.6 billion. David…

The Senate Wednesday confirmed the nominations of Ahmed Lawan Kuru; and Bello Hassan as Managing Directors of the Asset Management Corporation of Nigerian; and Nigeria Deposit Insurance Corporation, respectively. The confirmation of both…

Sterling Bank Plc, a full service national commercial bank, has reported a trading income of N7.1 billion for the third quarter ended September 30, 2020, compared with N1.9 billion for the corresponding period of 2019, representing an…