Tag "Asset Management Corporation of Nigeria"

    AMCON: Our chronic debtors are ministers, lawmakers

AMCON: Our chronic debtors are ministers, lawmakers

Ahmed Kuru, managing director of the Asset Management Corporation of Nigeria, says it is worrying that the chronic debtors that are behind the over N5trillion debt burden are ministers and members of the national assembly.Speaking on Wednesday at the July 2019 edition of the Breakfast Meeting, organised by the Nigerian–American Chamber of Commerce (NACC), Kuru said the corporation is making [...]

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    Senate seeks to expand AMCON’s duties beyond asset recovery

Senate seeks to expand AMCON’s duties beyond asset recovery

Rafiu Ibrahim, chairman, senate committee on banking, insurance and other financial institutions, says the upper chamber will empower the Asset Management Corporation of Nigeria (AMCON) to realise its mandate.According to a statement by AMCON, the senator said this on Thursday at the opening of the committee’s retreat.Ibrahim said the senate has decided that AMCON requires more support from the legislature [...]

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    EFCC, AMCON to go after bank staff who facilitated bad loans

EFCC, AMCON to go after bank staff who facilitated bad loans

The Asset Management Corporation of Nigeria (AMCON) says it is collaborating with the Economic and Financial Crimes Commission (EFCC) to check out some banks and its officials who facilitated the huge non-performing loans in AMCON's portfolio.AMCON made this known in a statement after a meeting with the management of EFCC on Thursday in Lagos.It said the decision was for both [...]

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Exchange Rates

November 06, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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