Tag "Asset Management Company of Nigeria (AMCON)"

    Ilegbodu: Why Arik Air can’t fly international routes yet

Ilegbodu: Why Arik Air can’t fly international routes yet

Roy Ilegbodu, the managing director of Arik Air, says the airline cannot begin international operations because of the huge debts left by the previous managers.Speaking on Wednesday at the airline's headquarters, Ilegbodu said there is no guarantee that the company will resume plying international routes soon.The Asset Management Company of Nigeria (AMCON) had taken over the airline in February 2017 [...]

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    Powerful people had plans to take over Arik, says former vice chairman

Powerful people had plans to take over Arik, says former vice chairman

Anietie Okon, former vice chairman of Arik Air, says the intervention of the Asset Management Company of Nigeria (AMCON) ruined the intentions of powerful individuals who had planned to take over the airline and sell it cheaply to themselves.According to NAN, Okon made this allegation while speaking to journalists in Lagos on Wednesday.Okon said the group wanted to take advantage [...]

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Exchange Rates

December 05, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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