Few institutions in Nigeria carry as much influence over daily life as the Central Bank of Nigeria (CBN). Its decisions affect inflation, exchange rates, lending costs, savings, jobs, investment flows, and the broader confidence investors place in the country.
AMCON Clears N3.6trn Debt to CBN, Targets N215bn Recovery for 2025
The Asset Management Corporation of Nigeria (AMCON), the government-owned agency established in 2010 to stabilize and revitalize the Nigerian financial system, recovered N156bn from debtors in 2024 while targeting a recovery of N215bn before...
FG Mulls Converting Arik, Aero Contractors To National Carriers
The Asset Management and Corporation of Nigeria (AMCON) has said Arik and Aero Contractors airlines may be merged and converted to a national carrier.
The AMCON Managing Director/Chief Executive Officer, Gbenga Alade, stated this on Monday at...
Global Aircraft Leasing Market to Hit $315b by 2033
The global commercial aircraft leasing market size is projected to increase to $315.9 billion in the next nine years, data from industry regulators have revealed.
The market, according to industry projection, is anticipated to spike at a...
CBN Interest Rate on AMCON too High, Needs Review - Senate
The Senate has expressed concerns over the excessive interest rate imposed on the Asset Management Corporation of Nigeria, which are deterring its operations.
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator...
