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

   amcon.com.ng

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   Sep 15, 2023 · AMCON Act. This Act seeks to establish the Asset Management Corporation of Nigeria for the purpose. Corporate Overview. Acquire Eligible Bank Assets (EBAs) from Eligible Financial Institutions (EFIs) at a fair value. Our corporate facts. N1.7 trillion. worth of Acquired EBAs. View More. Our available assets. View All. VIEW MORE.

   • HOME

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

   • NEWS ROOM

     Arik Air: Before Asset Management Corporation Of Nigeria...

   • FAQs

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

   • CONTACT US

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

   • Governance Structure

     Mr. Lucky Adaghe who recently was appointed to serve as...

   • The AMCON Act

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

   • Achievements

     The Loan Management Team classifies loans based on their...

   • About AMCON Disposal

     By virtue of the AMCON Act 2010 enacted by the National...

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

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   Mar 19, 2024 · What is AMCON? Historical background. Functions of Asset Management Corporation of Nigeria (AMCON) 1. Assists eligible financial institutions. 2. Manages and disposes of eligible bank assets. 3. Obtains achievable financial returns. 4. Acquires eligible bank assets. 5. Invests in eligible financial institutions. 6.

3. People also ask

   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 AMCON invest in assets in Nigeria?

   • Although nearly every financial institution in Nigeria participated in asset transfers, AMCON’s portfolio was dominated by assets acquired from a small number of sellers as well as a small number of loans with large face value.

   Asset Management Corporation of Nigeria (AMCON): Asset

   elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1178&context=journal-of-financial-crises

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   How did AMCON become a national asset management agency?

   • The draft bill establishing AMCON was modeled after Ireland’s National Asset Management Agency and Malaysia’s Danaharta. These agencies were mandated to acquire NPLs during the GFC and the Asian Financial Crisis, respectively (Makanjuola 2015). 8. Governance/Administration: AMCON was governed by a 10-member board of directors.

   Asset Management Corporation of Nigeria (AMCON): Asset

   elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1178&context=journal-of-financial-crises

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   What is AMCON's mandate in asset management?

   • 4. Mandate: Within asset management, AMCON’s mandate was to maximize returns. The AMCON Act charged the corporation to “obtain the best achievable financial returns on eligible bank assets” and to protect the value of those assets in the interest of AMCON (AMCON Act 2010).

   Asset Management Corporation of Nigeria (AMCON): Asset

   elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1178&context=journal-of-financial-crises

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4. amcon.com.ng › amcon-act-2019Asset Management Corporation of Nigeria (AMCON)

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   Asset Management Corporation of Nigeria (AMCON) AMCON ACT. Home > About Us > The AMCON Act. Download AMCON Act. The AMCON Act 2019. The Act contains a total of 62 sections, divided into 8 parts. Section 1 (1) of the Act establishes the Corporation.

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

   en.wikipedia.org › wiki › Asset_Management

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   Eberechukeu Uneze, Executive Director. Aminu Ismail, Executive Director. Key document. AMCON Act 2010. Website. 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.

   • Annual budget: ₦150 billion estimated cost per annum
   • Formed: 11 July 2011

   • Employees: 437
   • Jurisdiction: Federal Republic of NigeriaPlot 417 Tigris Crescent. Maitama, FCT, Abuja.

6. elischolar.library.yale.edu › cgi › viewcontentAsset Management Corporation of Nigeria (AMCON): Asset Management

   elischolar.library.yale.edu › cgi › viewcontent

   Asset Management Corporation of Nigeria (AMCON): Asset Management1. Pascal Ungersboeck2 and Corey Runkel3. Yale Program on Financial Stability Case Study January 3, 2021; Revised Date: June 23, 2021. Abstract. Nigeria experienced the Global Financial Crisis as a dramatic decline in the price of crude oil and a burst stock market bubble.

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

   www.grfdalleyandpartners.com › wp › wp-content

   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.