In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums.…
An industry in dire need of palliative to survive – Ehi Braimah
Paulo (not real name), an ICT practitioner based in Lagos, booked his Arik Air flight from Lagos to Abuja. His flight was supposed to depart at 7.00 am but what happened? Paulo, along with other passengers, kept absorbing the frustrations…
Seriki settles AMCON debt, gets letter of non-indebtedness
Following series of negotiations and eventual restructuring of his huge indebtedness by Asset Management Corporation of Nigeria (AMCON), former Minister of State for Defence and former Supervising Minister for Mines and Steel Development and current Nigeria Ambassador designate to Spain,…
AMCON denies detaining 344 Enugu school students
Media reports, which claimed that the Asset Management Corporation of Nigeria (AMCON) has detained 344 female students of Providence High School, located on Independence Layout in Enugu, Enugu State is fake news, according to a statement AMCON released at the…
AMCON CEO condoles Buhari, says Abba Kyari was courageous, patriotic Nigerian
The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru has written to condole President Muhammadu Buhari GCFR, over the death of his friend and Chief of Staff, Mallam Abba Kyari. The Chief of Staff died in…
AMCON takes over Buba Galadima’s residence and company
The Asset Management Corporation of Nigeria (AMCON) said it has taken possession of Alhaji Buba Galadima’s Abuja house and Bedko Nigeria Limited, his company. A statement by the AMCON said this is as a result of an order of a…
AMCON Gbese – FG sets up intra agency task force to recover N5tr
The federal government has taken another determined step in its bid to recover over N5 trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency committee to speedily resolve the challenges in…
N3.6b Debt: AMCON takes over Bao Yao Firms in Abuja, Calabar
Hon. Justice B.F.M. Nyako of the Federal High Court has ordered Asset Management Corporation of Nigeria (AMCON) to take over Bao Yao Futurlex Iron & Steel Company Limited in the Federal Capital Territory, Abuja and Bao Yao Huan Jian Iron…
AMCON set to document recalcitrant obligors for posterity, says Kuru
Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Ahmed Lawan Kuru, Wednesday in Lagos disclosed that the Corporation is working with other sister agencies to produce a full length television documentary of notorious and recalcitrant obligors of AMCON.…
Kuru leads discussion at Nigerian-American Chamber of Commerce breakfast meeting
Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has been slated as Guest Speaker at the July 2019 Breakfast Meeting of the Nigerian-American Chamber of Commerce (NACC). The event comes up in Lagos State…