TAG: AMCON


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...


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...


AMCON Takes Over Arik Air

Arik Air has been taken over by Asset Management Company Of Nigeria (AMCON). AMCON was set up the Federal...


Fitch Turns Spin Doctor, As It Reveals Nigeria Is Planning Setup Another AMCON

Just like has been rumoured since the start of the current economic crisis, rating agency, Fitch has hinted that...