Members of the Senate on Thursday scored the Asset Management Corporation of Nigeria low, saying the agency had failed to live up to its objective of recovering toxic debts owned by some commercial banks. The senators also condemned the alleged ineffective use of the N5.6tn voted into the agency by […]
Tag: AMCON
Nigeria’s Economy to grow by 7% in 2014 As IMF Insist on AMCON Wind down
By Peter OBIORA InvestAdvocate Uyo (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday said the Nigerian economy is expected to grow at seven percent (7%) and has insisted that Asset Management Corporation of Nigeria (AMCON) should be phased out gradually. This is coming on the heels of the conclusion of the Fund’s […]
Issuing houses, CBN to meet on market development
Issuing houses in the country will meet with the Central Bank of Nigeria and Asset Management Corporation of Nigeria in order to discuss the regulator’s policies affecting the capital market, our correspondent has learnt. The Vice-Chairman, Association of Issuing Houses of Nigeria, Mr. Victor Ogiemwonyi, gave our correspondent the hint […]
