Tag: AMCON
Aero Contractors Marks Turnaround with 14% Profit, Prepares for Investors
In a milestone for Nigeria’s aviation industry, Aero Contractors marks turnaround with 14% profit, signaling the airline's recovery. The company, which had faced financial...
AMCON to appeal court judgement regarding Arik says airline still under...
Apparently dissatisfied with certain parts of the Judgment relating to the court judgement on Arik Air, the Asset Management Corporation of Nigeria (AMCON) has...
House to grill NCAA on NG Eagle, Arik relationship asks regulator...
HOUSE of Representatives Committee on Aviation has said it would get to the bottom of the lingering issues and/or relationship between, Arik Air and...
Captain Ilegbodu clarifies NG Eagle’s ownership; says entity completely different from...
“I can boldly say that those airplanes in our industry we call what happened with it recovery. So they have been recovered. If a company owes and it cannot pay, those airplanes were actually mortgaged to AMCON and it is very clear that at some point they’d take their assets and that is what was done.â€
FG to banks, huge financial safety nets increases risks, vulnerabilities
FEDERAL Government has urged banks to re-strategize on their risk management methods in the sector as the use of huge intervention funds may not...
AMCON denies plans to shut NBML over huge debt
ASSET Management Corporation of Nigeria (AMCON) has denied plans to liquidate the Kano-based Nigerian Braiding Manufacturers Limited (NBML) over loans which have snowballed to...
