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...

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...
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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...

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...
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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,...

AMCON takes over assets of Ibadan DisCo’s core investor

THE Asset Management Corporation of Nigeria (AMCON) has taken over the assets of Integrated Energy Distribution and Marketing (IEDM)...
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