Banks’ Loan Defaulters Almost Wrecked Nigerian Economy – AMCON         The Asset Management Corporation of Nigeria has said that loan defaulters of Deposit Money Banks who are on its books almost crashed the Nigerian economy if not for its intervention. AMCON, an agency of the Federal Government,...

AMCON Seizes Jimoh Ibrahim’s Assets Over N69.4bn Debt         The Asset Management Corporation of Nigeria announced on Wednesday that it had taken possession of 12 assets belonging to Mr Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited, in...

FEC Okays $3.02bn For PH-Maiduguri Rail Line       The Federal Executive Council (FEC) on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. The decision was taken at the weekly meeting of the council presided...