News
AMCON to recover 70 % of N3.14 trillion NPLs
Asset Management Company of Nigeria, AMCON may be able to recover 70 per cent of the N3.14 trillion ($19.68 bln) in non-performing loans it took off the books of banks rescued in a 2009 bailout, its chief executive Mustapha Chike-Obi said on Monday. AMCON took on 9,000 non-performing loans and has so far recovered 15 per cent of their total value Chike-Obi told reporters at a conference in Lagos. He said the 200 biggest loans accounted for 80 per cent of the total debt.
-
Economy1 day agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News1 day agoCardoso formally receives Central Bank of the Year Award
-
Finance6 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Uncategorized1 day ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Stock Market6 hours agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas1 day agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas1 day agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News1 day agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG