President Good luck Jonathan said on Wednesday that the Federal Government would engage the services of foreign experts to manage the implementation of the national budget, especially the delivery of capital projects.   He said this when he formally laid the 2011 budget estimates before the joint session of the […]

By Stanley Oronsaye, December 17, 2010 The Asset Management Corporation of Nigeria (AMCON) will buy up all non performing loans of the rescued banks by the end of the first quarter of next year.   Foluke Dosunmu, executive director finance, while briefing bank executives in Lagos yesterday said the rescued […]

Friday, 17 December 2010, Dr. Ogho Okiti   The Asset Management Company (AMCON) will as from the first quarter of next year, absorb about N500 billion of banks’ non performing loans that resulted from margin loans. Starting with the Central Bank of Nigeria (CBN) intervened banks, the process is expected […]