AMCON Demands Aggressive Recovery Performance From AMPs

Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru (left) with the Principal Partner, Lexavir Partners, Mr. Francis Chuka Agbu, SAN at the AMCON/AMP Interactive Session at Rockview Hotels, Abuja ——————————————————————————————————————————————————— By Editor Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, hinted that AMCON may disengage Asset Management Partners (AMPs) that cannot cope with the speed and enormous challenges of debt recovery expected by the corporation. He also promised that the corporation may assign more accounts to AMPs that have shown aggression and…

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Ethiopian Plan Crash: Nigeria Bans Boeing 737 Max 8 Aircraft

By Editor Nigeria has joined the league of other countries across the world in banning the “killer” Boeing 737 MAX 8 plane from flying over its airspace to ensure passenger safety. Minister of State, Aviation, Sen. Hadi Sirika, made this declaration when he addressed State House correspondents on the outcome of the meeting of the Federal Executive Council (FEC). Re-elected President Muhammadu Buhari, presided over the meeting at the Council Chamber of the Presidential Villa, Abuja. The minister told newsmen that the planes would remain banned from getting into Nigeria…

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We Need More Women In Financial Services Sector – AMCON Boss, Ahmed Kuru

Managing Director/Chief Executive Officer of Peak Performance Academy and Guest Speaker, Mrs. Modupe Wigwe (sitting middle) with the Group Head, Corporate Services, Asset Management Corporation of Nigeria (AMCON), Mrs. Iyatum Adode-Kobiti (sitting 3rd from right) in a group photograph with AMCON female staff at the end of the 1-day event marking the 2019 International Women’s Day (IWD) at the weekend ———————————————————————————————————————————————————————————————— By Andrew Onyejuruuwa In commemoration of the International Women’s Day (IWD) the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has called on…

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Access, Diamond Bank Jointly Celebrate International Women’s Day

By Editor Access Bank Plc., has continued to demonstrate its unwavering commitment to women and is set to mark the 2019 International Women’s Day (IWD) in collaboration with Diamond Bank Plc. This is a strong signal as both financial institution looks forward to April 1, 2019 when the merger process, which will make the new entity the largest retail bank in Africa is consummated. The 2-day event themed ‘Balance for Better’ will kick off with a cocktail gathering on Wednesday, 13 March, 2019 at the Access Bank Head Office in…

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MMA2 Lagos: FAAN Is Breaching Bi-Courtney’s Concession Agreement

By Editor Bi-Courtney Aviation Services Ltd (BASL), has again reminded the public that it has valid 36-year concession of the Murtala Muhammed Air Port Terminal two (MMA2), in Lagos State. On a sad not, company disclosed that it lost N250 billion to the fact the Federal Airports Authority of Nigeria (FAAN) has no kept to part of the concession agreement. Eniola Ade-Solanke, the company company’s image maker described as false, some reports in the media saying the term is about to expire. The company insisted that it entered into a…

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Ahmed Kuru, Aisha Mohammed Tipped To Replace Emefiele At CBN

*President Buhari (left) with CBN Governor, Mr. Emefiele ————————————————————————————————————————————————- According to some news reports, the head of Nigeria’s central bank, Mr. Godwin Emefiele, is likely to exit in June 2019 and would take leave from this month (March 2019) before stepping down at the end of his five-year term, a move that could alter the path for interest rates and the currency, sources said on Monday. Godwin Emefiele has kept interest rates high at 14 per cent for over two years to tighten liquidity and support the naira after a…

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General Elections: Aero, Arik Cut Slash Fares

By Andrew Onyejuruuwa Aero Contractors has introduced promotional fares to help Nigerians who wish to travel to go and vote during the elections. It cut the fares by as much as 50 per cent to different destinations across the country. The Independent National Electoral Commission (INEC) had at the eleventh hour on Saturday February 16, 2019 postponed the elections with a flimsy logistic excuse. In a similar development, Arik Air, Nigeria’s leading airline has also introduced a N16, 000 Fly to Vote promotion, which the airline said it introduced to…

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St. Valentine’s Day: Emirates Celebrates Love With Nigerian Travelers

By Ihechukwu Ibeji International carrier, Emirates Airlines said it is celebrating the season of love with its Nigerian customers on board and across its lounges worldwide on St. Valentine’s Day. The day is celebrated on February 14 of every year as a day of love. The airline said the celebrations will kick off in Emirates’ network of lounges, and climax on-board with a refreshed St. Valentine’s Day offering to create a memorable travel experience for its patrons. According to the arrangements, Nigerian travelers who coincidentally are in Dubai on Valentine’s…

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Nigeria’s Central Bank Earned $15billion From Oil, Debts, Others

By Editor According to economic report from the Central Bank of Nigeria (CBN), covering the last quarter of last year, the lender’s lender said it made $14.51 billion in the fourth quarter of 2018 from government’s debts and crude oil proceeds. The report also showed that other non-oil receipts like interests on reserves and investments, unutilised funds from foreign exchange (forex) transactions and money from international money transfer operations contributed substantially. This development enabled the apex bank in its various forex market interventions as disbursements at the forwards market were…

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President Of Mali, Aboubacar Keita Unveils UBA Mali Office

By Editor United Bank for Africa (UBA) Plc on Monday officially commenced full banking operations in Mali. UBA Mali brings to 20, the number of African countries, where the financial institution currently operates, including the United States, United Kingdom and France. The launch of the bank’s Mali office was attended by the President of the Republic of Mali, Mr. Ibrahim Aboubacar Keita who gave an unprecedented speech at the opening ceremony. He said, ‘Tony promised it and he did it,’ referring to UBA Group’s Chairman, Mr. Tony Elumelu. The Malian…

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