Tag: NDIC

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Senate Passes BOFIA 2004 Reenactment Bill, Awaits Reps’ Concurrence

Senate Passes BOFIA 2004 Reenactment Bill, Awaits Reps’ Concurrence

The Senate on Wednesday, July 22, 2020, passed a bill to repeal the Banks and Other Financial Institutions Act (BOFIA) CAP B3 Laws of the Federation ...
AMCON Models New Receivership Template To Recover N5tr Debt

AMCON Models New Receivership Template To Recover N5tr Debt

Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, at the weekend in Abuja stressed the importan...
More Donations Pour In, As CACOVID Relief Fund Now N21.5bn

More Donations Pour In, As CACOVID Relief Fund Now N21.5bn

Donations from individuals and corporate bodies in Nigeria to the Private Sector Coalition Against COVID-19 (CACOVID) Relief Fund domiciled at the Cen...
Outstanding N5.4tr Debt: How We’re Preparing For AMCON’s Sunset- MD

Outstanding N5.4tr Debt: How We’re Preparing For AMCON’s Sunset- MD

•Reps Pledge Support For Debt Recovery Efforts Chief Executive of the Asset Management Corporation of Nigeria (AMCON), Ahmed Lawan Kuru, has once ag...
Minister To AMCON: Use Powers In Amended Act To Recover N5tr Debt

Minister To AMCON: Use Powers In Amended Act To Recover N5tr Debt

•Inter-Agency Cmttee To Include Banks, Loan Beneficiaries In Dragnet •BPP To Bar AMCON Debtors From Govt Contracts Minister of Finance, Budget and P...
FG Inaugurates Inter-Agency Task Force To Recover N5tr AMCON Debt

FG Inaugurates Inter-Agency Task Force To Recover N5tr AMCON Debt

As part of its determination to recover the over N5tr outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), the Federal Governme...
Expect Bargain Hunting , As Investors Position Ahead Of 2019 Budget Inflow, August Inflation Data

Expect Bargain Hunting , As Investors Position Ahead Of 2019 Budget Inflow, August Inflation Data

Market Update for the week ended September 13 and Outlook for Sept 16-20 The nation’s equity market had a mixed performance last week, halting two c...
Anti-corruption war: AMCON Debtors Now Ministers, Senators, Varsity Chancellors, MD Laments

Anti-corruption war: AMCON Debtors Now Ministers, Senators, Varsity Chancellors, MD Laments

In what may be a subtle confirmation that the anti-corruption war of the Muhammadu Buhari is losing steam and the agencies mere lame ducks, Managing D...
Senate President Pledges Support For Amendment Of NDIC Act

Senate President Pledges Support For Amendment Of NDIC Act

Senate President, on Wednesday, promised that the upper chamber of the National Assembly under his leadership would immediately commence work on the ...
Speculation Ahead of 2019Q1 Reports, March Inflation Data May Trigger Rebound On NGSE

Speculation Ahead of 2019Q1 Reports, March Inflation Data May Trigger Rebound On NGSE

Market Update for April 9 Trading on the Nigerian Stock Exchange (NSE) closed with the benchmark All-Share index closing marginally down, compared to...
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