AMCON

Energy and Power

AMCON confirms sale of Ibadan DisCo for N100 billion

THE Asset Management Company of Nigeria (AMCON) has announced that the Ibadan Electricity Distribution Company (IBEDC) had been sold...
Harrison EDEH -
News

Senate seeks scrapping of AMCON over N5 trillion liabilities

THE Senate Committee on Banking, Insurance and other Financial Institutions have demanded the dissolution of the Asset Management Corporation...
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Banking and Finance

AMCON shrinks seven banks’ profits by N95.68bn amid concern to scrap agency

SEVEN commercial banks paid a total of N95.68 billion in the first quarter (Q1) of this year as a...
Ehime ALEX -
Banking and Finance

Stanbic IBTC battles 423 court cases amounting to N266.48bn

STANBIC IBTC Holdings Plc says it is contesting a total of 423 court cases arising from alleged errors, omissions...
Ehime ALEX -
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Energy and Power

AMCON, banks’ take-over of DisCos won’t solve liquidity, structural problems in power sector – Experts

THE Nigerian government's restructuring of five electricity distribution companies (DISCOs) will not structurally solve Nigeria’s power sector crisis, two...
Harrison EDEH -
Energy and Power

AMCON, Ibadan DisCo investors agree to suspend asset takeover

THE Asset Management Corporation of Nigeria, AMCON and Ibadan Electricity Distribution Company core investors-the Integrated Energy Distribution and Marketing,...
Harrison EDEH -
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