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Category: Economy

Economy

Economy Recovery Plan: No recommendation to raise N5trn from assets sale – FG

Iheanyi Ejiofor February 14, 2017

The Federal Ministry of Budget and National Planning says there is no recommendation to raise N5 trillion from assets sale in Economy Recovery and Growth Plan (ERGP). The clarification was…

Read More Economy Recovery Plan: No recommendation to raise N5trn from assets sale – FG
Economy

AMCON takes over OAS Helicopters

Iheanyi Ejiofor February 14, 2017 headline

Ebun Francis with agency report Less than a week after the take over of Arik Airline by the Asset Management Corporation of Nigeria (AMCON), the Corporation on Tuesday took over…

Read More AMCON takes over OAS Helicopters
Economy

Dangote Rice on the way

Iheanyi Ejiofor February 13, 2017 headline

Africa’s richest man, Aliko Dangote is set to Launch Wednesday a new subsidiary Dangote Rice, which will massively plant rice on 25,000 Hectares in Sokoto, Jigawa and Zamfara states, in…

Read More Dangote Rice on the way
Economy

Arik needs N10bn to operate -AMCON

Iheanyi Ejiofor February 12, 2017 headline

Ebun Francis The Asset Management Corporation of Nigeria (AMCON) who took over the management of Arik Airline late last week said it had discovered deep rooted rot at embattled airline…

Read More Arik needs N10bn to operate -AMCON
Economy

Arik Air owing ‘more than N300bn’ -AMCON

Iheanyi Ejiofor February 9, 2017 headline

Ebun Francis The Asset Management Corporation of Nigeria (AMCON) who took over the running of Arik Airlines earlier Thursday following a court order, has disclosed that the embattled Airline is…

Read More Arik Air owing ‘more than N300bn’ -AMCON

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