..To publish more bad debtors The Asset Management Corporation of Nigeria (AMCON) has commenced the sale of assets of bad debtors. Already, AMCOM has advertised 34 properties for sale yesterday in its website for those banks’ assets purchased from various eligible financial institutions in Nigeria. AMCON’s Managing Director, Ahmed Kuru, […]
Tag: Asset Management Corporation of Nigeria
Wema Banks Says Babatunde Kasali Resigns as Director
By InvestAdvocate Lagos (INVESTADVOCATE) –Nigeria’s mid-tier lender, Wema Bank Plc has announced the resignation of Babatunde Kasali as a non-executive director of the Bank effective November 12, 2015. The lender in an issuer’s announcement on Friday with the Nigerian Stock Exchange (NSE) Said Kasali was appointed on the board of […]
Nigeria’s “bad bank” AMCON seeks bids for stake in Peugeot plant
January 12, 2016/Reuters Nigeria’s state-backed AMCON “bad bank” said on Tuesday it plans to sell its majority stake in Peugeot Automobile Nigeria (PAN) Limited, a local joint venture with the major French automaker, and is seeking bids from investors. Peugeot Citroen is the technical partner to the Nigerian assembly plant, […]
