Tag: InvestAdvocate

N900bn debts: AMCON begins sale of defaulters’ assets

..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, […]

CBN, FIRS, NIPOST clash over stamp duty

February 3, 2016/Punch By Everest Amaefule, Abuja Tension is brewing among three key government agencies over the implementation of the stamp duty recently reintroduced to the banking industry by the Central of Bank of Nigeria. Investigation by our correspondent showed that there had been several closed-door meetings in the last […]

Nigeria’s Investment Inflows Drop by $11.1 Billion in 2015 – NBS

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s investment inflows declined $11.107 billion from $20.750 billion in 2014 to N$9.643 billion recorded in the review period of 2015, the National Bureau of Statistics (NBS) said in its latest report on Tuesday. The NBS said the level of Capital imported between 2012 and […]