AMCON’s Assets Under Management Hit N136.73bn     The assets under management of the Asset Management Corporation of Nigeria stood at N136.73bn while it has about N112.03bn worth of propriety assets. The Managing Director/Chief Executive Officer, AMCON, Mr Ahmed Kuru, disclosed this in a statement on Sunday entitled,...

Insurance Industry’s Assets Rise To N1.61trn     The Nigerian insurance industry’s assets rose to N1.61tn at the end of the 2019 financial year from N1.26tn in 2018. The Central Bank of Nigeria disclosed this in its report, titled ‘Insurance sector (general and life) consolidated balance sheet’, obtained...

DPR Hands Over Revoked OML 98 Oil Asset To NNPC   The Department of Petroleum Resources (DPR) on Friday handed over operatorship of Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company, NPDC, the upstream unit of the Nigeria National Petroleum Corporation (NNPC). The transfer...

NNPC Has Over $20bn Assets - Kyari   The Nigerian National Petroleum Corporation has assets worth over $20bn, its Group Managing Director, Mr Mele Kyari, said on Monday, even as he decried the continued importation of petroleum products into the country. Kyari said this at the at...

Banks’ Assets, Liabilities Now N40.87trn   The total assets and liabilities of commercial banks stood at N40.87tn at the end-November 2019, representing 3.2 per cent increase above the level at the end of September 2019. The Central Bank disclosed this in its fourth quarter report that the...

MTN Sells R14bn Assets In 9 Months   MTN said it has sold assets worth R14 billion in 2019.The sales come as part of MTN’s Asset Realisation Programme (ARP), which it announced in March 2019. MTN said the ARP is aimed at simplifying its portfolio, reducing its...