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    • AMCON

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      • AMCON, short for Asset Management Corporation of Nigeria, was established as a governmental agency in 2010, in direct response to both the global financial crisis and the subsequent banking crisis that gripped Nigeria.

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

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

    Sep 15, 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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      All bids must be submitted alongside executed AMCON Know...

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

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

    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. The concept is in consonance with the operation of the National Asset Management Agency of the Republic of Ireland and Malaysia Pengurusan Danaharta . [1]

    • ₦150 billion estimated cost per annum
    • 11 July 2011
    • 437
    • Federal Republic of NigeriaPlot 417 Tigris Crescent. Maitama, FCT, Abuja.

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

    Mar 19, 2024 · Functions of Asset Management Corporation of Nigeria (AMCON) 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. elischolar.library.yale.edu › cgi › viewcontentAsset Management Corporation of Nigeria (AMCON): Asset Management

    • Asset Management Corporation of Nigeria (AMCON): Asset Management
    • Public Asset Management Companies – Chapter 6: “The Third Generation: NAMA, AMCON, and SAREB” (Cerruti and Neyens 2016)
    • Asset Management Corporation of Nigeria Act, 2010
    • Asset Management Corporation of Nigeria (Amendment) Act, 2015
    • Asset Management Corporation of Nigeria Website, Achievements

    Pascal Ungersboeck Yale School of Management Corey N. Runkel Yale School of Management Follow this and additional works at: https://elischolar.library.yale.edu/journal-of-financial-crises Part of the Economic History Commons, Economic Policy Commons, Finance and Financial Management Commons, Macroeconomics Commons, Policy Design, Analysis, and Eval...

    See full list on elischolar.library.yale.edu

    A World Bank Study containing case studies on a number of public AMCs. https://ypfs.som.yale.edu/library/asset-management-corporation-nigeria-amendment-act.

    See full list on elischolar.library.yale.edu

    Act establishing the Asset Management Corporation of Nigeria as a public agency for the purpose of resolving nonperforming loans and defining terms such as eligible bank assets. https://ypfs.som.yale.edu/library/asset-management-corporation-nigeria-act.

    See full list on elischolar.library.yale.edu

    Amendment extending, among other powers, enhanced debt collection powers. https://ypfs.som.yale.edu/library/asset-management-corporation-nigeria-amendment-act.

    See full list on elischolar.library.yale.edu

    Summary of loan acquisition data provided by AMCON. https://ypfs.som.yale.edu/library/achievements.

    See full list on elischolar.library.yale.edu

    • Pascal Ungersboeck, Corey N Runkel
    • 2021

  7. www.mondaq.com › nigeria › wealth--asset-managementNigeria: Transitioning AMCON – The Choice Between Winding ...

    Dec 20, 2023 · 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.

  8. www.grfdalleyandpartners.com › wp › wp-contentTHE ESTABLISHMENT OF THE ASSET MANAGEMENT CORPORATION

    The Act is to establish the Asset Management Corporation of Nigeria (AMCON) for the purpose of efficiently resolving the incidence of non-performing loan assets of Banks, in Nigeria and ancillary matters. It is noteworthy that this legislation was strongly pursued by the Governor of the Central Bank of Nigeria (CBN), as

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