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All posts tagged "AMCON"

  • AMCON battles to sell N4bn private jet

    The Asset Management Corporation of Nigeria is facing major challenges in selling its N4bn private jet, which it put up for sale through a public notice about four weeks ago. Our correspondent learnt that one of the...

    • Posted September 30, 2013
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  • CBN revokes licence of 20 BDCs

    The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. Malam Sanusi Lamido Sanusi disclosed this at Ikoyi Club 75th Anniversary Lecture held in Lagos on...

    • Posted September 27, 2013
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  • FG appoints Citigroup, Vetiva to manage sale of Enterprise Bank

    The Federal Government has commenced the sale of the AMCON-owned banks, with the appointment of Citigroup and Vetiva Capital to manage the sale of one of the banks — Enterprise Bank Limited. In an interview, Mr. Mustapha...

    • Posted July 19, 2013
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  • No agreement with ETI over N1.6bn debt – AMCON

    Asset Management Corporation of Nigeria, Thursday, said it is in advanced discussions with Mr. Kolapo Lawson, Chairman, Ecobank Transnational Incorporated, ETI, over the repayment of a N1.6 billion loan, and also debunked claims that it has reached...

    • Posted July 19, 2013
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  • Bank indicts EFCC over N2trn seized assets

    More facts emerged, yesterday, that the Economic and Financial Crimes Commission, EFCC, may have allegedly tampered with the N2 trillion seized assets and money recovered by the commission. The commission at the moment operates six different accounts,...

    • Posted July 17, 2013
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  • Bridged-Banks: Preferred bidders must retain staff – AMCON

    The Asset Management Corporation of Nigeria, AMCON, will not sell any of the three bridged banks, Keystone Bank, Mainstreet Bank and Enterprise Bank, to a core investor who will not preserve employment, says the Managing Director/CEO, Mr....

    • Posted May 30, 2013
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  • Chike-Obi: Why We Want to Commence Sale with Enterprise Bank

    The Asset Management Corporation of Nigeria (AMCON) has offered insights into its decision of the corporation to start the sale of its three banks – Enterprise Bank, Keystone Bank and Mainstreet Bank with Enterprise Bank. AMCON describes...

    • Posted May 27, 2013
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  • Nationalised banks: AMCON advisers set to submit report

    The financial advisers appointed to value the three nationalised banks preparatory to the exit of the Asset Management Corporation of Nigeria from them and their eventual sale to investors will submit their report later this week. The...

    • Posted February 27, 2013
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  • Investors panic over nationalised banks report

    Tension is rising among interested investors in the three nationalised banks as financial advisers appointed to value the banks have failed to submit their reports. The consultants, appointed in August last year to act as advisers in...

    • Posted February 24, 2013
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  • AMCON extends repayment period for N1.5trillion debt

    The Asset Management Corporation of Nigeria has restructured a total of N1.5tn loans as part of efforts to recover debts owed it by corporate organisations, our correspondent has gathered. The amount represents an increase of N500bn and...

    • Posted February 20, 2013
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