AMCON rakes in over N108bn in 2023

AMCON rakes in over N108bn in 2023

Barbara Bako, Abuja. Asset Management Corporation of Nigeria (AMCON) has declared a remarkable triple-digit growth of 202% from NGN34.730 billion in the previous year to NGN108.433 billion in 2023. This was contained in a press statement signed by Mr. Jude Nwauzor, Head Corporate Communications Department of the debt recovery agency of the Federal Government on…

Read More
CBN revokes Heritage Bank’s licence

CBN revokes Heritage Bank’s licence

The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, with immediate effect. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday….

Read More
Jaiz Bank secures m equity investment from Saudi Arabia’s ICD

Jaiz Bank secures $20m equity investment from Saudi Arabia’s ICD

Non-interest financial institution Jaiz Bank Tuesday closed a $20 million equity investment deal with the Islamic Corporation for the Development of the Private Sector (ICD) to back its operations in Nigeria. A subsidiary of the Islamic Development Bank (IsDB), based in Saudi Arabia’s financial hub Jeddah, ICD provides financing for projects and explores equity participation…

Read More