Economic News Update

AMCON recovers over N2tr bad debts

The Asset Management Corporation of Nigeria (AMCON) said it has recovered more than N2 trillion of the N3.7 trillion debts it bought over, representing about 56 per cent settlement rate. Of the amount recovered, N644 billion is cash, while the balance are tangible assets.

 

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Economic News Update

AMCON recovers over N2tr bad debts

The Asset Management Corporation of Nigeria (AMCON) said it has recovered more than N2 trillion of the N3.7 trillion debts it bought over, representing about 56 per cent settlement rate. Of the amount recovered, N644 billion is cash, while the balance are tangible assets.

 

Read More

Comment here