By Odunewu Segun The Asset Management Corporation of Nigeria (AMCON) has said Arik Air, under its previous management actually crumbled under its huge debt burden. Speaking...
Senate summons AMCON By Odunewu Segun The new management of Arik Airlines has announced the suspension of international flight operations to London and South Africa to...
Following the take-over of financial crisis ridden Arik Air by the Asset Management Corporation of Nigeria, AMCON, KPMG has been contracted to undertake a forensic...
The Asset Management Corporation of Nigeria (AMCON) has said Arik Air would require over N10 billion cash injection before resuming full and uninterrupted operations on its...
The Federal Government has taken over the operations of troubled Arik Air to save it from total collapse. The troubled airline faces huge financial debt, which...
By ODUNEWU SEGUN THE proposed Economic Emergency Powers bill President Muhammadu Buhari with the intension to halt Nigeria’s slide to total economic collapse, is already generating...
Aero Contractors financial crisis deepened at the weekend as the once largest domestic airlines is set to lay off some of its staff over operational challenges...
By Odunewu Segun With a total assets of N317.6 billion, customer deposits of N245 billion and an equity of N18.9 billion based on audited account as...
AMCON has disclosed that it has so far been able to collect the sum of N644 billion debt from its creditors, and have also settled about...
New owner of Keystone Bank, formerly Bank PHB Plc, and the last of the three distressed banks besides Enterprise Bank and Mainstreet Bank acquired by the...
