Private Sector Lost N5trn Assets To Hoodlums – NECA         The Nigerian Employers’ Consultative Association has estimated the loss of investment and assets by the organised private sector as a result of the arson and looting that followed the recent #EndSARS protests across the country. The President...

Oil Firms’ Debts Near N5trn Amid Price Collapse     The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the second quarter of this year to nearly N5tn as many operators struggle to stay afloat in the face of depressed prices...

AMCON Seeks NASS Support In N5trn Debt Recovery     As its debt portfolio continues to rise, the Asset Management Corporation of Nigeria (AMCON) has called on the National Assembly to support its efforts in recovering the debt of over N5 trillion from obligors. According to the Corporation,...

AMCON Develops Strategies To Recover N5trn Debt     The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr Ahmed Kuru, has said the corporation has developed a new receiver framework for its recovery agents. As part of the corporation’s efforts to recover the outstanding N5tn debt,...

AMCON Charged On Recovery Of N5trn Debt   The Minister of Finance, Mrs Zainab Shamsuna Ahmed has charged the Asset Management Corporation of Nigeria (AMCON) to do everything with the powers of its newly amended Act to recover the huge debt owed the corporation by a...

Ministers, Lawmakers Among N5trn Chronic Debtors, AMCON Says   The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Ahmed Kuru, said the chronic debtors of the corporation were occupying top government positions. He also said that the corporation was working with other agencies such as the...