July 22, 2016/Reuters The Nigeria Deposit Insurance Corporation (NDIC), an independent government agency, is concerned about an “increasing wave” of non-performing insider loans on the country’s banks, it said on Friday. The agency said Managing Director Alhaji Ibrahim was concerned about the consequences of the loans on the stability of […]

July 12, 2016/Meristem Research Culled—–Proshare Following the latest news inflow on a court filing by the Asset Management Corporation of Nigeria (AMCON) (suit No:  FHC/L/CP/923/2016) against MRS Holdings (the parent company of MRS Oil Nigeria Plc.) to force the company into compulsory liquidation in order to pay down loans (c.NGN81bn) […]

July 11, 2016/AMCON As part of its recovery efforts, which has been stepped up in the last couple of months, the Asset Management Corporation of Nigeria (AMCON) has initiated steps to wind-up MRS Holdings Limited over the inability of MRS to pay a whooping N81billion owed AMCON. AMCON commenced a […]