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Business

PZ Begs Minority Shareholders To Accept Acquisition Offer As Company Struggles With Debts

PZ Cussons Nigeria Plc has increased the share acquisition offer it made to its shareholders from N21 per share to N23 per share after...
Business

AMCON gives Arik Air owner condition to recover airline

The chairman of Arik Air, Johnson Arumemi-Ikide, has been told to provide a suitable debt recovery plan before Assets Management Corporation of Nigeria (AMCON)...
Business

Arik Air needs investment to survive, not feud with AMCON, aviation workers cry out

The National Union of Air Transport Employees (NUATE) has stated that there’s a need to invest in Arik Air for the airline company to...
Business

EXCLUSIVE: NCAA Risks Lives, Issues Operating Certificate To Airline Without Airworthy Aircraft

The Nigerian Civil Aviation Authority which was established to oversee the safety of the aviation industry has contravened its own laws with the issuance...
Business

Don’t Allow Recalcitrant Debtors Escape With N4trn Loan, AMCON Begs Stakeholders

For the umpteenth time, the Managing Director, Asset Management Corporation of Nigeria (AMCON) Mr Ahmed Kuru has reminded stakeholders to view the AMCON recovery...
Business

AMCON takes over Glano Nig Limited‘s property, to seize cash, others

Glano Nigeria Limited has lost its assets to Asset Management Corporation of Nigeria (AMCON) over a N2.4 billion debt owed since 2016.AMCON, a debt...
Business

AMCON surcharges N147.65bn from Access Bank, Union Bank, 7 others

Nine Nigerian commercial banks were surcharged a combined N147.65 billion by the Federal Government’s Asset Management Corporation of Nigeria (AMCON).The debt-recovery agency took possession...
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