All posts tagged "AMCON"

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  AMCON bonds won’t need Fed Govt’s guarantee, says MD

  With the expected recovery from debtors and the sinking fund to be contributed by banks and the Central Bank of Nigeria (CBN), the Asset Management Corporation of Nigeria (AMCON), would not need the Federal Government’s guarantee for...

  • Posted April 7, 2011
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  AMCON has bought all non-performing loans —CBN

  The Central Bank of Nigeria on Tuesday said that the Asset Management Corporation of Nigeria had bought all non-performing loans in the banking sector. The Director, Banking Supervision, CBN, Mr. Sam Oni, said that the corporation had...

  • Posted April 6, 2011
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  Asset Corporation issues N1.7tr tradeable bonds today

  The Asset Management Corporation of Nigeria (AMCON) will today issue about N1.7tr bonds to further strengthen the financial system. The sum will comprise of N1.1tr to replace the initial consideration bonds issued to 21 banks on December...

  • Posted April 6, 2011
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  Afribank signs MoU with core investors

  Afribank Nigeria Plc has signed a Memorandum of Understanding (MoU) with Vine Capital Partners Limited and Phoenix Acquisition Company Limited. It is the outcome of some negotiations which started since last year. Afribank said in a statement...

  • Posted April 6, 2011
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  Access Bank announces 16% loan increase

  Access Bank Plc’s loans to borrowers have risen by 16 per cent in 2010, boosted by lending to corporate clients, the Chief Financial Officer of the bank, Mr. Seyi Kumapayi, has said. He said, “Access Bank reduced...

  • Posted March 28, 2011
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