Tag: amcon

AMCON injects N1.5bn in Arik Air to stabilise operations

The Asset Management Company of Nigeria  (AMCON) has injected N1.5 billion in Airk Airline  Ltd to safeguard its operations since its takeover. Capt. Roy Ilegbodu,...

Arik Air owes creditors N375bn, says AMCON

The Receiver Manager of Arik Air, Mr Oluseye Opasanya (SAN), said the embattled airline was indebted to its trade and finance creditors to the...

Arik Air requires N10bn to resume full operations, says AMCON

The Asset Management Corporation of Nigeria (AMCON) on Sunday said it had discovered deep rooted rot at embattled airline, Arik Air. AMCON said it would...

Arik Air management to challenge AMCON’s takeover

The management of Arik Air on Thursday said it would challenge the taking over of the airline by the Assets Management Company of Nigeria...

Workers protest as AMCON closes Aero Contractors

Hundreds of employees of Aero Contractors Airline on Wednesday staged peaceful protest over the closure of the airline by the Asset Management Company of...

AMCON vs Capital Oil: Ubah prays court to vacate freezing order on his firm

Chief Executive Officer of Capital Oil and Gas Ltd, Dr Ifeanyi Ubah, on Wednesday, prayed a Federal High Court in Lagos to vacate an...