The Asset Management Corporation of Nigeria has recovered and restructured 15 per cent or N417bn of the N3.14tn total non-performing loans acquired from 21 Deposit Money Banks in the country. The Managing Director, AMCON, Mr. Mustafa Chike-Obi, told our correspondent in a telephone interview on Monday that the corporation bought […]

The Securities and Exchange Commission is defending its $285 million settlement with Citigroup after a New York judge struck down the deal. SEC Enforcement Director Robert Khuzami (COO’-zahm-ee) said in a statement that Judge Jed Rakoff made too much in a ruling Monday out of the fact that Citigroup was […]

By Peter OBIORA InvestAvocate Lagos (INVESTADVOCATE)-Primary Mortgage Institution, Aso Savings and Loans Plc Monday posted N243.348 million in its Second Quarter (Q2) Report for the period ended September 30 2011. To record the Loss, the Firm in the Result Announcement released on the Floor of the Nigerian Stock Exchange (NSE) […]