The Asset Management Corporation of Nigeria (AMCON) has said it has recorded significant progress in debt recovery since it published its top 100 delinquent debtors earlier in the year. Speaking in Lagos, AMCON Head of Corporate Communications, Jude Nwauzor said although the corporation is yet...

A Federal High Court sitting in Lagos has granted interim orders in favour of Asset Management Corporation of Nigeria (AMCON) against Cityscape International Limited. AMCON has since appointed Mr. Anire Kanyi as Receiver to Cityscape, a major player in the real-estate sector in the country....

• Says mergers, acquisition not solution to aviation crisis Debts buying firm, Asset Management Corporation of Nigeria, said it has begun linking prospective foreign investors with debtors, with a view to salvaging their businesses. The development comes as AMCON disclosed that the Federal Government had no...

Litigations stall efforts to recover debts. Efforts by the Federal Government at shoring up economic activities through debt recovery from individuals and organisations are not adding up. High-profile debtors are using the courts to mount blocks in the way of government. The Guardian learnt that at...

Aero Contractors, one of Nigeria’s largest domestic airlines, is set to lay off some of its workers as its financial crisis becomes worsened. Already, the airline is in talks with aviation unions on how to cut down on the number of workers in its employ. It...

... Debts on Bail-Out, AMCON, Foreign Loans, Bonds, Commercial Agric ... Osun, Bayelsa, 4 other States in Critical conditions The Federal Government has deducted a total sum of N32bn from allocations of states from the Federation Account in the month of April 2016 for different loans...