TAG: AMCON NEWS

All the major economic news from Nigeria in 5 minutes – 20/6/2017

Summary of the top business, economic and political news in Nigeria today.   The federal government has unveiled the...


All the major economic news from Nigeria in 5 minutes – 12/6/2017

Summary of the top business, economic and political news in Nigeria today   Acting president, Yemi Osinbajo has signed...


Reports suggest Ethiopia Air may soon run Arik

Reports from Nigeria’s local newspaper, Thisday suggest Ethiopian Airlines is in advanced negotiations with the Asset Management Company of...



All the major economic news from Nigeria in 5 minutes – 09/6/2017

Summary of the top business, economic and political news in Nigeria today. Despite the economic recession, which led to...


AMCON made a N254 billion loss in 2016

MD of the bad bank Mohammed Kuru said the possibilities of an AMCON II were unlikely. Kuru was of...


Arik debts may be more than N375 billion

Auditors to Arik air, have discovered that the company’s debt may be more than the previously stated figure of...


Why Dangote wants the Peugeot Assembly plant.

Aliko Dangote, may be expanding his empire into car assembly, if the Central Bank of Nigeria (CBN) gives the...


Why Dangote’s potential acquisition of PAN is strategic

The Asset Management Company of Nigeria (AMCON) has announced that it is awaiting CBN’s approval to sell the Peugeot...


Amcon’s reasons for taking over Wokson International

Nairametrics| The Asset Management Corporation of Nigeria (AMCON) on Friday took over the assets of Woksons International and its...


A proposal is in place to merge Arik and Aero into a new national carrier

Nairametrics| The Federal government may have decided to merge Arik and Aero in order to create the new national...


Why Sigma-Riverbank Is Upgrading Keystone’s Branches

Nairametrics|Sigma-Riverbank consortium which recently acquired Keystone Bank has embarked on an upgrade of the bank’s branches. Here’s the banks...


Why Private Equity Firms Are Interested In Nigerian Aviation

Nairametrics| Finance minister, Kemi Adeosun on a recent trip to Washington stated that some private equity investors, were interested in...


Chasing Failed Bank Executives Too Late Is Futile

Nairametrics| An inter agency task force in charge of investigating failed financial institutions has said it will commence moves to...


Analysis: Look Deeper, It Goes Beyond Arik

Nairametrics| The Asset Management Company Of Nigeria (AMCON) yesterday took over three other companies belonging to Joseph Arumemi Johnson,...


Reports: Arik Owes A Whopping ‘N387 billion’ And These 2 Banks Are Listed As Creditors

Nairametrics| Nigeria’s nationalised airline, Arik is said to owe creditors a whopping N387 billion. According to reports from Leadership, Arik...


CBN: Three Banks Failed Capital Adequacy Test

Nairametrics| The Financial Stability Report released by the Central Bank of Nigeria for December 2016 revealed that three banks...



Why Union Bank Wants To Raise Capital

Nairametrics| Tier 2 lender, Union Bank intends to raise the sum of N50 billion Naira in the second quarter...


Analysis: Capital Oil Needs Restructuring

Nairametrics| Unconfirmed reports reveal that the MD/CEO of Capital Oil and Gas, Mr. Ifeanyi Ubah, has been arrested by...


In Amcon Distressed Companies Have A Companion

Nairametrics|The Asset Management Company of Nigeria (AMCON) has revealed that Arik Air and AeroContractors both failed because of bad...


Why The Odds Are Against The New Owners Of Keystone Bank

Nairametrics| Keystone Bank’s new owners Sigma Gulf-Riverbank consortium at the weekend took over the bank from the Asset Management...


Deal: Sigma Golf Acquires Keystone Bank; What We Know So Far

Nairametrics| The Asset Management Corporation of Nigeria has announced the sale of Keystone Bank Plc (formerly Bank PHB). The...


Air Peace Needs To Grow Slowly

Nairametrics|Air Peace, one of the few surviving airlines in the country, which currently flies to Accra, Ghana, has disclosed...


The AMCON Pill Is Bitter: Aerocontractors Sacks 900 Staff

Nairametrics| One year after the Asset Management Company of Nigeria (AMCON) intervened in the affairs of Aero Contractors Company...


Rumble In Ibru Family Over Estate

Barely six months after patriarch of the Ibru clan and billionaire, Michael Ibru passed on, peace seems to have...


Stage 2: Medview Air To Hold IPO In Three Months

Nairametrics| Newly listed company on the Nigerian Stock Exchange (NSE), Medview Air will be having an Initial Public Offer...




Arik Sends Aircraft To France For Maintenance

Airk Air has sent two of its Airbus planes to France for C-Checks. A fall out of this is...


Why We Nationalised Arik Air – Government Explains

Nairametrics| The Federal Government has provided an explanation for its nationalisation of Arik Air. The Government provided the following...