House Of Representatives To Visit Arik, Aero Airlines The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri has said his committee will soon pay a visit to Arik and Aero airlines for what he described as on the...

As a result of the new aggressive recovery strategies adopted by the Asset Management Corporation of Nigeria, it was able to recover N134bn from various debtors in the 2016 financial year. The Managing Director/Chief Executive Officer, AMCON, Mr. Ahmed Kuru, stated this in Lagos on...

The new investors in Keystone Bank- the Sigma Golf-Riverbank consortium, has taken over the operations of the institution at the weekend. The move followed their unveiling by Asset Management Corporation of Nigeria (AMCON), after the Completion Meeting held on Thursday, attended by the consortium...

The Asset Management Corporation of Nigeria (AMCON) has announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank consortium) as the new investors that have acquired the entire issued and fully paid up ordinary shares of Keystone Bank Limited, formerly BankPHB Plc. This...

Asset Management Corporation of Nigeria, AMCON, have commenced settlement of salaries arrears of disengaged staff of moribund Delta Steel Company, DSC, Ovwian/Aaladja, Udu council area, Delta State, provoking mixed feelings among beneficiaries. The arrears were accumulated when Global Infrastructure Nigeria Limited, GINL, acquired DSC and...

The crisis in Nigerian aviation industry reminds one of the global aviation crisis of 2008 when airlines were grounded due to economic recession. As at then, Latin America has had the lowest losses worldwide which ended the year of 2008 on a positive trend...