Tag: AMCON
Adelabu To Nigerians: Electricity Tariffs Will Be Reduced With Time
The Minister of Power, Adebayo Adelabu on Friday told Nigerians that the current electricity tariffs will be reduced with time.
He said the tariffs may...
NUBIFIE Threatens To Challenge Sale Of Union Bank, Polaris Bank
The recent sale of one of the oldest banks in Nigeria, Union Bank and a bridge bank, Polaris Bank Nigeria Limited, by the Central...
It’s Time To Allow Banks Control Dollar Rates, IMF Tells CBN
The International Monetary Fund (IMF) has asked the Central Bank of Nigeria (CBN) to allow commercial banks to determine dollar buy-sale rates to boost...
Polaris Bank’s Purchase Announced By CBN, AMCON
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have announced the completion of a Share Purchase Agreement (SPA)...
Proposed Sale Of Polaris Bank Halted By House Of Reps
The House of Representatives has asked the Central Bank of Nigeria (CBN) to immediately suspend the planned sale of Polaris Bank Plc pending the...
Debt Recovery Drive: Senate Vows To Support AMCON
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has reiterated the willingness of the National Assembly to continually...
AMCON Takeover: Ibadan Electricity Distribution Company Allays Workers’ Fears
The takeover of the Ibadan Electricity Distribution Company by the Assets Management Corporation of Nigeria has been announced to workers of the electricity distribution...
AMCON Confesses, Says We Owe CBN More Than N4tn
The Asset Management Corporation of Nigeria has revealed that it is owing the Central Bank of Nigeria more than N4tn.
AMCON was established by the...
At Last, AMCON Sells D’Rovans Hotel, Family Gets N260m
At long last, late Chief Francis Ayegbeni’s legacy property, D’Rovans Hotel (later renamed Walan Hotel) has been sold for N350 million.
Family source informed that...
Voters’ Inducement During 2019 Poll: Magu Gives Reasons Why EFCC Intervened
Mr Ibrahim Magu, the Acting Chairman of the Economic and Financial Crimes Commission (EFCC) has said that the anti-graft agency intervened in the recent...
