Businessday Excellence In Public Service Award Goes To AMCON MD, 15 Others

Head, Corporate Communications, Asset Management Corporation of Nigeria (AMCON); Mr. Jude Nwauzor, receiving on behalf of AMCON MD/CEO the Businessday Excellence In Public Service Award 2018 from Alhaji Umaru Abdul Mutalab, the former Chairman of First Bank at the event at the Shehu Musa Yar’Adua Centre, Abuja Again, the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru was among the recipients of the Businessday Excellence In Public Service Awards 2018. The AMCON boss was one of the 16 public and civil servants that were…

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Globacom Presents Anthony Joshua As Global Icon

Anthony Joshua Globacom, a leading African telecommunications company, on Friday revealed its business agenda and unveiled Anthony Oluwafemi Olaseni Joshua, the heavyweight world boxing champion as its new global icon. Joshua, who is 29, was born by Nigerian parents in England, but he is proud of his Nigerian roots and often says that the Nigerian spirit runs through his veins. At the moment, he is a unified world heavyweight champion, holding three of the four major championships in boxing: the IBF title since 2016, the WBA title since 2017, and the…

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Nigerian Braiding Manufacturers Ltd. To Continue Operations – AMCON

Mr. Ahmed Kuru, AMCON MD Contrary to some sponsored fake news regarding the fate of Nigerian Braiding Manufacturers Limited (NBML), a Kano State-based textile company, NBML was recently taken over by the Asset Management Corporation of Nigeria (AMCON) as a result of the Company’s Non-Performing Loans purchased from the Banks by the Government agency. The textile company’s indebtedness to the Corporation currently stands at over One Billion Naira. This is despite numerous overtures by AMCON for amicable resolution of the debt to which the Company and its promoters have remained…

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MAVIN Records Soars With Multi-Million Dollar Investment

Don Jazzy and Tega Oghenejobo, Marvin Records COO Global There is no doubt that leading music label, Mavin Records is enjoying a boom presently. The Don Jazzy-led recording outfit has just made open its multi-million dollar equity investment global strategic partnership deal with Kupanda Holdings The recently secured partnership with Kupanda Holdings according to insiders, is designed to create better opportunities for African music. The record label, which is focused on buoying up operations to satisfy the rapidly developing international demand for African music, on growing its roster and on…

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Alaba Traders Poised To Rid Market Of Substandard Wares

Alaba: traders raid market against substandard electronics. The Alaba International Market Association has embarked on a raid to rid the market of substandard electronic products. The Public Relations Officer of the association, Mr Eugene Obiezu, said that the exercise was aimed at curbing the inflow of substandard goods to the market. According to Obiezu, the association is poised to stamp out activities of some notorious traders who imported substandard goods. He said that such practice was smearing the image of the market. “We shall put a stop to it,” he…

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PenCom Prepares To Erolment Boost To 60m, Hit =N=3trn growth

PenCOM: Pensioners undergoing verification The National Pension Commission (PenCom) is ready to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth. PenCom said the extension of the pension scheme to the informal sector was to ensure that all Nigerians have a good life at old age. The Head, Research and Corporate Strategy of the commission, Dr. Aminu Farouk, said in Lagos that the set of Nigerians would be attracted through micro pension scheme. Farouk said the scheme, which targeted Nigerians with…

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AMCON States Actual Position About Kanu’s Hardley Apartments

The Asset Management Corporation of Nigeria (AMCON) has dismissed as inaccurate, misleading and whip-up of sentiments, some stories being published about Hardly Appartments owned by former Super Eagles player, Mr. Nwankwo Kanu. This is contained in a statement signed by Mr. Jude Nwauzor, Head, Corporate Communications, AMCON below: “AMCON is not in the habit of joining issues with obligors on the pages of the newspapers especially when the matter is in court as in this one. It is noteworthy that similar clarification was made by the Corporation in 2017, when…

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Regularize Your Status Before End Of Q1, DPR Warns Illegal Petrol Station Operators

Mordecail Ladan, DPR Executive Director The Department of Petroleum Resources (DPR) has urged owners of illegal petrol stations and gas plants to regularize their registration before the end of first quarter of 2019. The Abuja Zonal Operations Controller, Mr Abba Misau, disclosed this at the DPR 2018 Annual General Stakeholders meeting on Thursday in Abuja. The Theme of the Meeting is “Regulatory Compliance as a veritable tool for safe and efficient operations in Nigeria’s Oil and Gas Industry’’. He said non-compliance to statutory regulations in petroleum products storage depots, filling…

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Keystone Bank Debunks Any Link With Buhari Or Atiku

The management of Keystone Bank has debunked claims making the rounds that it ties with President Muhammadu Buhari or former vice president Atiku Abubakar. A statement released on Tuesday by the bank, rebutted such claims linking it to the president. Read the statement: “The fact of the ownership of Keystone Bank by the Asset Management Corporation of Nigeria was never in doubt. On March 23, 2017, AMCON divested its ownership of Keystone Bank after successful bidding that followed due process. “We confirm that the Sigma Golf-Riverbank Consortium owns 100 per…

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Delta State To Empower 26,400 Traders With =N=10,000 Each

Gov. Ifeanyi Okowa of Delta State The Delta State Government says it has concluded plans to empower 26,400 traders with the sum of N10,000 each. The state’s Commissioner for Economic Planning, Dr Emu Kingsley disclosed this in an interview with the News Agency of Nigeria (NAN) on Thursday in Asaba. According to him, we have concluded plans to empower more than 26,400 traders especially women with the sum of N10,000 within the next few weeks. “The N10,000 which we tagged as Smart Money will be given specifically to petty traders…

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