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1. amcon.com.ngAsset Management Corporation of Nigeria (AMCON)

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   Dec 14, 2023 · AMCON was created to be a key stabilizing and re-vitalizing tool established to revive the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy.

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     Rigs Onome and Oritsetimeyin are part of the Eligible Bank...

   • NEWS ROOM

     AMCON New Executive Management Visits Finance Minister ....

   • FAQs

     All bids must be submitted alongside executed AMCON Know...

   • CONTACT US

     Lagos Office: 67, Marina Street, Lagos Island, Lagos,...

   • Corporate Overview

     Asset Management Corporation of Nigeria (AMCON) was...

   • Business Philosophy

     AMCON was created to be a key stabilizing and re-vitalizing...

   • Governance Structure

     Dr. Aminu Mukhtar Dan’amu who recently was appointed to...

   • The AMCON Act

     An act to establish the Asset Management Corporation of...

2. www.amcon.com.ng › governance-structureAsset Management Corporation of Nigeria (AMCON)

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   Dr. Aminu Mukhtar Dan’amu who recently was appointed to serve as Executive Director at Asset Management Corporation of Nigeria (AMCON) by the Commander-in-Chief of the armed forces of the Federal Republic of Nigeria, President Ahmed Bola Tinubu GCFR, is a highly accomplished and respected professional with a wealth of experience in finance ...

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3. www.arm.com.ngHome - ARM

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   We help our clients preserve and enhance their wealth by providing flexible and efficient ways to safeguard their assets, plan their estates and meet their financial objectives. Learn more. Private Equity. We partner with our high-net-worth clients to build and manage their wealth with tailored investment solutions that speak to their needs.

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4. www.arm.com.ng › about-usGroup About - ARM

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   Established in 1994 as an asset management firm, ARM offers wealth creation opportunities through a unique blend of traditional asset management and alternative investment services. We enable businesses to thrive, and help our clients to maximize their returns and realise their most important goals. For over two decades, we have built a firm ...

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5. www.makemoney.ng › amconAMCON: History, roles, and function - MakeMoney.ng

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   Mar 19, 2024 · This article explores the functions of the Asset Management Company of Nigeria (AMCON), established as a pivotal tool for stabilizing and revitalizing Nigeria’s financial landscape by addressing non-performing loan assets.

6. en.wikipedia.org › wiki › Asset_ManagementAsset Management Corporation of Nigeria - Wikipedia

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   Official Website. Asset Management Corporation of Nigeria (AMCON) is a body established by the Act of the National Assembly of Nigeria in July 2010 with an intended 10 years lifespan.

7. People also ask

   What is Asset Management Corporation of Nigeria (AMCON)?

   • Hence, the birth of the Asset Management Corporation of Nigeria (AMCON), was established by the Act of the National Assembly of Nigeria in July 2010, with an intended 10-year lifespan. The objective was to detoxify the banking system through the purchase of bad assets, non-performing loans, and liquidity injection into troubled banks.

   Nigeria: Transitioning AMCON – The Choice Between Winding Down And

   www.mondaq.com/nigeria/wealth--asset-management/1402848/transitioning-amcon--the-choice-between-winding-down-and-privatisation

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   What does asset management company of Nigeria do?

   • The Asset Management Company of Nigeria engages in the activities of holding, managing, and subsequently divesting eligible assets held by banks. Within this scope of operation, the company assumes the responsibility of gathering both the interest on the principal and the due capital for the duration of the transactions.

   AMCON: History, roles, and function - MakeMoney.ng

   www.makemoney.ng/amcon/

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   How did the NPL acquire a bank in Nigeria?

   • The body acted as the buyer of banks for the Nigerian Government by acquiring the non-performing loans (NPL). The original book value of the acquired NPLs was ₦4.02 trillion at a price of ₦1.76 trillion with a commensurate issue of Zero Bond for the NPL acquired.

   Asset Management Corporation of Nigeria - Wikipedia

   en.wikipedia.org/wiki/Asset_Management_Corporation_of_Nigeria

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8. www.mondaq.com › nigeria › wealth--asset-managementTransitioning AMCON – The Choice Between Winding Down And ...

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   Dec 20, 2023 · To achieve these mandates, AMCON is empowered with a wide range of functions, including issuing bonds and other debt instruments, maintaining a portfolio of diverse assets, providing equity capital, borrowing money in domestic or foreign currencies, and entering into financial derivative contracts. CURRENT STATUS AND CHALLENGES: