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 Accumulated ...
Tag: AMCON News
News and analysis about AMCON
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 in ...
Rep Member Wants Government To Deduct At Source Money Owed To AMCON By Contractors
What does this mean for Aero and co?
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 of ...
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 officials ...
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 corporate ...
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 Company ...
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 bank ...
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 that ...
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 of ...
