Apart from the N375 billion already in the books of Arik Air, more debt-induced records have been discovered through the audit findings of the embattled airline...
The Asset Management Corporation of Nigeria (AMCON) has taken over the companies and personal properties of Chief William Oki, a Delta State-based businessman. AMCON moved in...
On the heels of the announcement of the successful sale of Keystone Bank, it appears the management of the bank has proceeded on a drive to...
A visit by officials of the Asset Management Company of Nigeria(AMCON) to the Victoria Island headquarters of the Bi-Courtney Aviation Services Limited (BASL) has raised tension...
Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new investors have finally taken possession with...
In what looked like a surprise action, four trade unions said they have embarked on indefinite occupation of the corporate headquarters of one of the local...
The Asset Management Corporation of Nigeria (AMCON) has sold Keystone Bank, the former Bank PHB Plc, to a consortium of undisclosed local investors under two firms-...
A major crisis is returning to the assumed settled issues concerning take-over of Arik Airline by the Assets Management Corporation of Nigeria (AMCON), as stakeholders bicker...
In what looks like a u-turn, the Asset Management Company of Nigeria (AMCON) has unsealed the premises of an indigenous aviation company, the Odengene Air Shuttle...
The Asset Management Corporation of Nigeria, AMCON, which, last week, sealed Odengene Air Shuttle (OAS Helicopters) heliport, has resolved the financial issues that led to the...
The revelation that more than 40 per cent of Banks’ bad debts are caused by their directors has elicited some concerns among customers and other stakeholders....
The Asset Management Corporation of Nigeria (AMCON), on Wednesday, made shocking revelations on the financial state of the leading airline in the country. Recall that AMCON,...
Troubled Arik Air on Tuesday announced that it was suspending its flights to London and Johannesburg. The development is believed to be one of the immediate...
Emerging reports indicate that another airline, OAS Helicopters, may have fallen into the custody of the Asset Management Corporation of Nigeria (AMCON). Signs that the airline...
The takeover of the debt-ridden Arik Airline, and Aero Contractors by Assets Management Company of Nigeria (AMCON) may not be the last of government’s intervention in...
Insinuations that the Federal Government, through the Asset Management Corporation of Nigeria (AMCON), may have had some other clandestine motives for the take-over of Arik Air...
The Asset Management Corporation of Nigeria (AMCON) on Sunday painted a pathetic picture of the rot in Arik Airline, disclosing that only nine aircraft out of...
The Management of Arik Airline has vowed to challenge the Assets Management Company of Nigeria (AMCON) takeover of the airline in court. AMCON had earlier on...
Bad debts, also known as toxic debts, in the Nigerian financial system, is discovered to have risen from $20 billion to $25 billion between 2014 and...
To Assets Management Corporation of Nigeria (AMCON) officials, a spanner has been thrown into their wheel, going by the Federal High Court order on Thursday that...
The Federal Government has intervened in the plight of workers of Aero Contractors who were sent home by the airline on indefinite leave. Minister of State...
The non-performing loans (NPLs) in Nigerian banks rose from 68 per cent in 2015, to 78 per cent in May 2016. According to the Central Bank...
STAFFERS of Bendel Feed and Floor Mill, BFFM, Ewu, in Edo State have dragged the management of the company and the Assets Management Company of Nigeria,...
There are strong indications that the Central Bank of Nigeria (CBN) has concluded plans to hand over the toxic loans of the distress-prone Skye Bank to...
Reprieve came the way of businessman Jimoh Ibrahim on Monday, as a Federal High Court sitting in Lagos discharged an interim injunction empowering the Asset Management...
AfriJet Airlines, owned by Vitalis Ibe, on Friday joined the growing list of companies that have lost their assets to the Asset Management Corporation of Nigeria...
By Immanuel James Ibe-Anyanwu…Two things to learn from the Ben Bruce loan saga: One is that motivational oratory is often half the truth. You’d think that...
It seems an agreement has been reached by the Asset Management Corporation of Nigeria (AMCON) with the Management of Silverbird Communications Limited. The debt recovery institution...
Senator Ben Murray-Bruce, one of the celebrated critics of the Buhari administration, on Thursday lost a chain of his businesses to the Asset Management Company of...
The United Bank for Africa Plc, UBA has picked holes against claims made by the former Chairman of the defunct Air Nigeria, Mr. Jimoh Ibrahim, who...
The Group Chairman of NICON Investment Limited, Mr. Jimoh Ibrahim, Tuesday, reacted strongly to the interim asset seizure order made by a Federal High Court sitting...
The Asset Management Corporation of Nigeria, AMCON, has obtained an interim injunction to seize some assets belonging to businessman, Jimoh Ibrahim over an alleged N50bn billion...
The Federal Government has paid the outstanding N48. 2 billion subsidy arrears owed oil marketers in 2015. The Minister of Finance, Mrs. Kemi Adeosun, stated this...
By Joseph Edgar . . . Tunde Fegbemi is my Inlaw. Very affable, ambitious and a dreamer. A session with him usually takes you up to...
In from Ali Smart . . . The Assets Management Corporation of Nigeria (AMCON) on Saturday appointed Mr. Tunde Fagbemi as the new Managing Director of...
The management and financial crisis facing Nigeria’s oldest surviving airline, Aero Contractors may have come to a head as the Asset Management Corporation of Nigeria (AMCON)...
A mild drama broke out on Monday as workers of Aero Contractors Airline staged a protest at the Murtala Muhammed Airport over alleged mismanagement of the...
G. Cappa, Plc, a Building and Civil Engineering Construction Company in Nigeria, has lost the ownership of its property situated at 8 Taylor Road, Ebute Metta,...
Some domestic airlines in the country may be heading for another round of distress, as they groan under the weight of aviation fuel bills, which has...
Hell was literally let loose on Monday as members of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) threatened to go to war with...
