Business Hilights

Tracking Nigeria's Headline Business News Online

Asset Management Corporation of Nigeria (AMCON)

Fidelity Bank gets first female GMD, Onyeali-Ikpe after Okonkwo’s exit

The new Managing Director/CEO of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021 has assumed office, becoming the 4th Chief Executive and first female to occupy the position since the inception of the bank…

Fidelity Bank Appoints Onyeali-Ikpe, MD/CEO Designate as Okonkwo Retires

The Board of Directors of Fidelity Bank Plc wishes to announce the impending retirement of Mr. Nnamdi J. Okonkwo, the Managing Director/Chief Executive Officer (MD/CEO) of Fidelity Bank Plc. He will be stepping down from the Board of Directors of…

Fidelity Bank Announces Changes to its Board

…Appoints Chike-Obi Chairman, as Ebi Retires. Lagos Nigeria, July 5, 2020: Fidelity Bank Plc has announced that two of its Board members: Mr. Ernest Ebi (MFR) who has been serving as Chairman, Board of Directors and Mr. Seni Adetu who…

National carrier: FG interested in setting up fresh entity, not existing airline

At a time speculations are very high on the chances of the Federal Government resorting to merging two recently revived domestic airlines, Arik Air and Aero to form a national carrier, a reliable source in the Presidency Wednesday, hinted that…

No airline in Nigeria has successfully existed for 10 years—AMCON

The Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Alhaji Ahmed Kuru, has given insights on why no domestic airline in Nigeria has surpassed a decade of existence. Explaining in a meeting with the National Assembly on the…

Just in: Lekki estates’ union, LERSA, seeks AMCON justice on Victory Park, others

Lead union of highbrow residential estates’ within Lekki axis of Lagos State, under the aegis of Lekki Estates Residents and Stakeholders Association (LERSA), the umbrella body of Residents Associations of over 77 gated Estates from 1004 Estate area down to…

AMCON closing in on new investors for Arik Air, Aero Contractors before year end

Strong indications Tuesday emerged revealing that the Asset Management Corporation of Nigeria (AMCON), has perfected drive to hands off management of debt-ridden two major commercial airlines in Nigeria; Aero Contractors and Arik Air. Recall that the federal bad debt absorber,…

Is it that Aero, Arik are leprous or credible investors are not interested?

For more than two years since capital squeeze landed former leading domestic aviation giant, Aero Contractors into the hands of Asset Management Corporation of Nigeria (AMCON), there has not been any cheerful news of strong and credible buyers asking for…

Lack of good offers delaying sale of Arik, Aero—AMCON

The Asset Management Corporation of Nigeria (AMCON), has hinted that though there had been several investors both local and foreign coming for two airlines under its watch for core investment, their offers had been abysmal. According to the Head, Corporate…

More confusion as Polaris Bank MD differ with AMCON on tenure, sale

Barely one week after the managing director of defunct Skye Bank, now Polaris Bank, Mr. Tokunbo Abiru said in Ibadan that his board is working on the 2016 template given to them by the Central Bank of Nigeria (CBN) to…