30 results
- 19 Dec 2016
FBN Capital Bags Investment Banking & Asset Management Awards
FBN Capital Limited, the Investment Banking and Asset Management business of FBN Holdings Plc, has again received the prestigious ‘Best Local Investment Bank in Nigeria’ and ‘Best Asset Manager in…
- 23 Aug 2010
CBN to Invest N500 Billion in AMCON
With effect from January 2011, the Central Bank of Nigeria (CBN) is to invest N500 billion in Asset Management Corporation of Nigeria (AMCON) for a decade as the apex bank put the total deposits of…
- 21 May 2013
Signal Alliance, SAP Partner on Asset Management Solution
Signal Alliance a foremost systems integration ICT company has partnered SAP, the global leader in enterprise business solutions to offer best in class business planning and execution solutions…
- 19 Nov 2019
FBNQuest Asset Management Emerges Money Market Fund of the Year
FBNQuest Asset Management, a subsidiary of FBNQuest Merchant Bank and part of FBNHoldings Plc., which is one of the leading financial services groups in Nigeria, emerged winner of the Money Market…
- 23 Aug 2024
FCMB Asset Management's Private Debt Fund Targets Mid-Sized Businesses
FCMB Asset Management Limited (FCMBAM), acting as Sponsor and Fund Manager, with technical support from TLG Capital Investments Limited (TLG Capital), United Kingdom, recently launched Nigeria's…
- 26 Jul 2022
Aero Contractors Debunks Diverting $3m Meant for Acquisition of a Bombardier Aircraft
Aero Contractors has vehemently refuted reports that its management and the Asset Management Corporation of Nigeria (AMCON), diverted $3 Million meant for the acquisition of a Bombardier aircraft. It…
- 16 Apr 2021
AMCON Plans New Airline Holdco
Asset Management Corporation of Nigeria (AMCON) is awaiting regulatory approval to launch a new holding company for aviation assets under its control, which would enable the state asset manager to…
- 2 Apr 2023
Court Affirms AMCON’s Receivership Over Arik Air
Asset Management Corporation of Nigeria (AMCON) has reacted to the news making the rounds in a section of the media that a Federal High Court, sitting in Lagos had set aside the decision to transfer…
- 8 Aug 2019
AMCON Gets New Powers to Chase after Rich Debtors
Federal government has taken new measures to recover the over N5triilion debt owed the Asset Management Corporation of Nigeria (AMCON) by some prominent Nigerians and corporate bodies. Under…
- 18 Apr 2017
Arik’s Past Management Gambled with Peoples’ Lives- AMCON
Asset Management Corporation of Nigeria (AMCON), has said that the former management of Arik Airlines was basically gambling with the lives of millions of people that patronized it. Mr. Oluseye…
- 20 Mar 2019
AMCON Worries over Toxic Loans, Seeks Return of Failed Bank Act
Mr Ahmed Kuru, managing director, Asset Management Corporation of Nigeria (AMCON) has advocated the return of the failed bank Act in view of the resurgent huge toxic loans in the banking sector.…
- 4 Sept 2018
AMCON MD, Kuru Set To Deliver Nigeria Travelsmart Colloquium Lecture
Mr. Ahmed Lawan Kuru (ALK), Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), will on Tuesday October 9, 2018 at the Eko Hotels and Suites, Lagos, address…
- 29 Apr 2021
Senate Empowers AMCON in New Bill to Seize Debtors’ Assets
Senate has passed the Asset Management Corporation of Nigeria Amendment (AMCON) bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The…
- 25 Feb 2021
FG Seeks Asset Manager for N15tn Infraco Fund
Federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and…
- 14 Mar 2025
AMCON Vows to Recover N455bn Debt from Arik Air, Affiliates
Asset Management Corporation of Nigeria (AMCON) has reaffirmed its commitment to recovering over N455 billion in debts owed by Arik Air Limited (in receivership) and its affiliated companies. …
- 27 May 2017
AMCON Recovers N134Bn in 2016
Ahmed Kuru, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, said the agency recovered N134bn in 2016. He stated this at a news conference in Lagos on Friday,…
- 2 Dec 2014
Support for Private Equity Takes Centre Stage at 4th Annual CBO
Mr. Mustafa Chike-Obi, managing director and chief executive officer of Asset Management Corporation of Nigeria (AMCON), has re-emphasised the need to support private equity to create a more suitable…
- 13 Oct 2022
AMCON Reappoints Ado Sanusi as MD of Aero Contractors
The Asset Management Corporation of Nigeria (AMCON) has reappointed Capt. Ado Sanusi as the Managing Director of Aero Contractors. Ado-Sanusi Capt. Sanusi was reassigned by AMCON in 2020 to manage…
- 11 Jun 2014
MCON Forecloses further Purchase of Toxic Assets
Chike Obi, managing director, Asset Management Company of Nigeria (AMCON) has said that the have foreclosed further purchase of non-performing loans from the nation’s deposit money banks as…
- 28 Jun 2018
AMCON Says 350 Nigerians Owe it N5.4Trillion
Over 350 Nigerians are said to be responsible for over 80 per of the N5.4 trillion debt profile of the Asset Management Corporation of Nigeria (AMCON), according to Ahmed Kuru, managing director/CEO,…
- 4 Apr 2013
N1Bn Ticket Money Develops Wings @ Aero Contractors
Management of Aero Contractors and officials of Asset Management Corporation of Nigeria (AMCON) which currently holds 60 per cent shares of the airlines have uncovered ticket fraud in excess of N1…
- 24 Jul 2019
AMCON Lists Ministers, Lawmakers among N5tn Chronic Debtors
Asset Management Corporation of Nigeria (AMCON) has said that chronic debtors of the corporation were occupying top government positions, adding that “these people are not role models” Ahmed…
- 6 Feb 2016
AMCON Takes Over Aero Contractors
The Asset Management Corporation of Nigeria (AMCON) has dissolved the board of Aero Contractors and appointed a manager to oversee the affairs of the airline. This is just as AMCON has engaged a…
- 10 Feb 2017
AMCON Takes Over Arik Air, Says Airline ‘Overwhelmed’
The Asset Management Corporation of Nigeria (AMCON) on Thursday announced the takeover of operations of Arik Airlines, appointing Capt. Roy Ukpebo Ilegbodu, a veretan aviation expert as manager,…
- 7 Feb 2022
GTCO Acquires Asset Management and Pension Fund Businesses
Guaranty Trust Holding Company Plc, GTCO Plc, a diversified financial services provider, today notified the Nigerian Exchange Group (NGX) and the investing public that GTCO Plc has concluded the…
- 7 May 2012
AMCON Declares Bridged-Banks Safe
The Assets Management Corporation of Nigeria (Amcon) has passed a vote of confidence on the three- bridged banks, describing them as safe and sound. Mustapha Chike-Obi, managing director,…
- 10 Oct 2018
AMCON Says Some Local Airlines May Collapse Over Debt
Some Nigerian airlines are facing the risk of collapse under the weight of huge debts, according to the country’s Asset Management Corporation of Nigeria, set up to rescue banks from bad loans. “The…
- 27 Jul 2026
AMCON Puts ntel Up for Sale, Seeks Investors
Asset Management Corporation of Nigeria (AMCON) has commenced the process of divesting its interest in NTEL/NATCOM, saying the telecommunications company has undergone a major transformation that…
- 21 Apr 2024
AMCON Moves Against Firm’s MD, Directors over N42b Debt
Asset Management Corporation of Nigeria, AMCON, has initiated bankruptcy proceedings against the Chairman of Milan Industries Limited, Milan Nigeria Ltd and Milan Beverages Ltd, Rajesh Valecha and…
- 26 Jul 2010
Goodluck Signs AMCON Bill into Law
President Goodluck Jonathan has signed the Asset Management Corporation of Nigeria, (AMCON) Bill into law. With the signing of the Bill, all is now set for the immediate take off of the corporation…