AMCON: Costliest hotel in Lagos, Intercontinental now property of 11 Plc
Following completion of payment and official documentation, 11 Plc, formerly known as Mobil Oil Nigeria Plc, has finalised discussions with the Asset Management Company of Nigeria (AMCON) to acquire the Lagos Continental Hotel. A statement filed at the Nigerian Stock…
Details emerge on how AMCON intervention stabilised Arik Air operations
Barely two months after the takeover of stressed Arik Air by the Asset Management Company of Nigeria (AMCON), indications have emerged showing returning to stability, a stone throw to profitability in the near future. This was revealed by the Managing…
