Proshare Logo
   Market Date: 27-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Nigeria AMCON to recover 70 pct of $19.7 bln NPLs

Category: Money Market

  Read (1689)
Nigeria AMCON to recover 70 pct of $19.7 bln NPLs


Monday November 28, 2011 2:30pm

Nigeria's state asset management company AMCON will be able to recover 70 percent of the 3.14 trillion naira ($19.68 bln) in non-performing loans it took off the books of banks rescued in a 2009 bailout, its chief executive said on Monday.

AMCON took on 9,000 non-performing loans and has so far recovered 15 percent of their total value, Mustapha Chike-Obi told reporters at an industry conference in Lagos. He said the 200 biggest loans accounted for 80 percent of the total debt.

($1 = 159.5500 Nigerian Nairas)


Source: Reuters (Reporting by Chijioke Ohoucha)

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Money Market

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014