Business News

AMCON’s intervention in four sectors now N123.6bn

The Asset Management Corporation of Nigeria has so far spent N123.6bn in its intervention programme in four sectors of the economy. The sectors are stock market, manufacturing, agriculture and construction, according to a report by the corporation, which was obtained by our correspondent on Monday. The report showed that AMCON […]

AMCON bonds to aid real sector growth-Analysts

ByAdemola Alawiye Analysts have said that the zero coupon bonds issued by the Asset Management Corporation of Nigeria will boost the real sector of the economy. They said that the bonds would boost the banks liquidity, thereby creating more funds to be lent to the real sector. AMCON on Wednesday […]

AMCON ‘ll encourage short-selling of its securities – Chike-Obi

By Stanley Opara with agency report   The Asset Management Corporation of Nigeria will encourage short-selling by lending its assets to traders who want to borrow, Chief Executive Officer of the corporation, Mr. Mustafa Chike-Obi, has said. He said in an interview in Lagos, on Thursday, “If they want to […]