AMCON reports a loss of N304.4bn in 2015
…to wind-down operations in 2023
Asset Management Corporation of Nigeria (AMCON) yesterday posted a loss of N304.35 billion in 2015, wider than last year’s loss of N275.49 billion, after it wrote-down the value of collateral recovered from its purchase of bad loans.
Executive Director, AMCON, Mr. Aminu Ismail, said the 2015 loss was also partly due to interest paid on a N3.8 trillion bond due to the central bank which it used to acquire the bad loans.
The commission was set up in 2010 to absorb bad loans as part of resolving a financial crisis in Africa’s biggest economy. Ismail said N1.26 trillion in non-performing loans (NPLs) out of a total of N3.7 trillion had been settled.
He said NPL ratios jumped to 93 per cent of its total bad loans in 2015, up from 57 per cent a year earlier, as the weak economy impacted debt repayment.
Ismail said AMCON stopped buying NPLs two years ago and was now focused on recoveries to enable it to wind-down its activity by 2023, when its debt to the central bank matures. He said the decision to acquire NPLs would be that of the government and the central bank.
The Central Bank of Nigeria (CBN) shored up Skye Bank this month with a loan and replaced its management after its capital fell below levels required by regulators and it has been urging people not to panic about the banking system.
But pressure is building, with loan books – nearly half of them in dollars – hammered by a shrinking economy, a plunging currency and acute foreign exchange shortages in Africa’s biggest oil producing nation following the slump in oil prices.
Ismail said AMCON had received interest from buyers looking to acquire nationalised lender Keystone Bank after rival Sterling Bank dropped out. He said the corporation will make an announcement on the sale process within 4-weeks.
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AMCON reports a loss of N304.4bn in 2015 https://t.co/j2rZQOgOeY
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My developer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on various websites for about a year and am concerned about switching to another platform. I have heard good things about blogengine.net. Is there a way I can import all my wordpress content into it? Any help would be really appreciated!
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Hi there this is kind of of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding expertise so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!
The other day, while I was at work, my sister stole my iPad and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views. I know this is totally off topic but I had to share it with someone!
I’m really enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme? Superb work!
Currently it appears like Expression Engine is the top blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several emails with the same comment. Is there any way you can remove me from that service? Appreciate it!
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
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Hi there! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no back up. Do you have any solutions to protect against hackers?
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Howdy would you mind sharing which blog platform you’re working with? I’m going to start my own blog soon but I’m having a tough time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S My apologies for being off-topic but I had to ask!
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With havin so much content do you ever run into any issues of plagorism or copyright infringement? My website has a lot of completely unique content I’ve either written myself or outsourced but it looks like a lot of it is popping it up all over the web without my authorization. Do you know any ways to help protect against content from being stolen? I’d certainly appreciate it.
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Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!
Have you ever thought about publishing an ebook or guest authoring on other blogs? I have a blog based on the same subjects you discuss and would really like to have you share some stories/information. I know my viewers would appreciate your work. If you are even remotely interested, feel free to shoot me an e mail.
Hey there! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!
I’m not sure why but this blog is loading extremely slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later on and see if the problem still exists.
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I was wondering if you ever considered changing the structure of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or two pictures. Maybe you could space it out better?
I’m really enjoying the theme/design of your site. Do you ever run into any browser compatibility issues? A number of my blog readers have complained about my site not operating correctly in Explorer but looks great in Firefox. Do you have any ideas to help fix this issue?
Wow that was odd. I just wrote an very long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say great blog!
Hey would you mind letting me know which webhost you’re utilizing? I’ve loaded your blog in 3 different internet browsers and I must say this blog loads a lot faster then most. Can you recommend a good hosting provider at a honest price? Thank you, I appreciate it!
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Hi are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you need any html coding knowledge to make your own blog? Any help would be greatly appreciated!
Right now it sounds like Expression Engine is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Hi there! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when viewing from my iphone 4. I’m trying to find a theme or plugin that might be able to fix this issue. If you have any suggestions, please share. Many thanks!
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Greetings! I know this is somewhat off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!
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I’m not sure why but this web site is loading incredibly slow for me. Is anyone else having this problem or is it a issue on my end? I’ll check back later and see if the problem still exists.
My coder is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on various websites for about a year and am nervous about switching to another platform. I have heard fantastic things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any kind of help would be greatly appreciated!
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First of all I want to say great blog! I had a quick question in which I’d like to ask if you do not mind. I was curious to find out how you center yourself and clear your mind before writing. I have had a hard time clearing my thoughts in getting my thoughts out. I do enjoy writing however it just seems like the first 10 to 15 minutes are generally wasted just trying to figure out how to begin. Any suggestions or tips? Thank you!
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I don’t know whether it’s just me or if everybody else encountering issues with your site. It looks like some of the written text in your content are running off the screen. Can somebody else please provide feedback and let me know if this is happening to them too? This may be a problem with my browser because I’ve had this happen before. Many thanks
Good day! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in trading links or maybe guest authoring a blog post or vice-versa? My website addresses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you are interested feel free to send me an e-mail. I look forward to hearing from you! Superb blog by the way!
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Sorry for the huge review, but I’m really loving the new Zune, and hope this, as well as the excellent reviews some other people have written, will help you decide if it’s the right choice for you.
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Hands down, Apple’s app store wins by a mile. It’s a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I’m not sure I’d want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.
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Hmm is anyone else having problems with the pictures on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any feed-back would be greatly appreciated.
My programmer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on numerous websites for about a year and am nervous about switching to another platform. I have heard excellent things about blogengine.net. Is there a way I can import all my wordpress content into it? Any kind of help would be really appreciated!
First off I would like to say awesome blog! I had a quick question in which I’d like to ask if you do not mind. I was interested to know how you center yourself and clear your thoughts prior to writing. I’ve had trouble clearing my thoughts in getting my ideas out. I truly do enjoy writing but it just seems like the first 10 to 15 minutes are generally wasted just trying to figure out how to begin. Any suggestions or hints? Many thanks!
Have you ever considered about adding a little bit more than just your articles? I mean, what you say is important and everything. But think about if you added some great photos or video clips to give your posts more, “pop”! Your content is excellent but with pics and videos, this website could certainly be one of the best in its field. Good blog!
Hi! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!
First off I want to say terrific blog! I had a quick question which I’d like to ask if you do not mind. I was interested to know how you center yourself and clear your head before writing. I have had a difficult time clearing my thoughts in getting my ideas out. I do enjoy writing but it just seems like the first 10 to 15 minutes are lost just trying to figure out how to begin. Any ideas or hints? Many thanks!
Hello there! Do you use Twitter? I’d like to follow you if that would be okay. I’m undoubtedly enjoying your blog and look forward to new posts.
Hello would you mind stating which blog platform you’re working with? I’m going to start my own blog soon but I’m having a tough time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S Apologies for getting off-topic but I had to ask!
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Hello! I know this is sort of off-topic but I had to ask. Does running a well-established website such as yours take a lot of work? I’m brand new to writing a blog but I do write in my diary daily. I’d like to start a blog so I can share my experience and views online. Please let me know if you have any suggestions or tips for new aspiring blog owners. Thankyou!
My developer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on numerous websites for about a year and am worried about switching to another platform. I have heard very good things about blogengine.net. Is there a way I can transfer all my wordpress posts into it? Any kind of help would be really appreciated!
Hi, I think your website might be having browser compatibility issues. When I look at your website in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, awesome blog!
Hello fantastic blog! Does running a blog similar to this take a large amount of work? I have very little understanding of programming but I had been hoping to start my own blog soon. Anyhow, if you have any suggestions or tips for new blog owners please share. I know this is off subject but I just had to ask. Many thanks!
If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.
Hi there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no data backup. Do you have any solutions to protect against hackers?
Awesome site you have here but I was wanting to know if you knew of any forums that cover the same topics discussed here? I’d really like to be a part of group where I can get opinions from other experienced people that share the same interest. If you have any suggestions, please let me know. Thanks a lot!
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Hi just wanted to give you a quick heads up and let you know a few of the images aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same outcome.
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With havin so much content do you ever run into any problems of plagorism or copyright violation? My blog has a lot of unique content I’ve either written myself or outsourced but it looks like a lot of it is popping it up all over the internet without my permission. Do you know any methods to help prevent content from being ripped off? I’d certainly appreciate it.
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First of all I would like to say excellent blog! I had a quick question which I’d like to ask if you don’t mind. I was interested to know how you center yourself and clear your mind prior to writing. I have had a tough time clearing my mind in getting my ideas out. I truly do enjoy writing but it just seems like the first 10 to 15 minutes tend to be lost just trying to figure out how to begin. Any suggestions or tips? Thank you!
First off I would like to say awesome blog! I had a quick question which I’d like to ask if you don’t mind. I was curious to find out how you center yourself and clear your mind before writing. I have had a tough time clearing my mind in getting my thoughts out. I truly do take pleasure in writing but it just seems like the first 10 to 15 minutes are usually lost simply just trying to figure out how to begin. Any suggestions or hints? Cheers!
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Howdy would you mind stating which blog platform you’re using? I’m planning to start my own blog in the near future but I’m having a hard time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something unique. P.S Sorry for being off-topic but I had to ask!
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I know this if off topic but I’m looking into starting my own blog and was curious what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100% positive. Any suggestions or advice would be greatly appreciated. Cheers
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Today, I went to the beach with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!
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Right now it appears like WordPress is the best blogging platform available right now. (from what I’ve read) Is that what you’re using on your blog?
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I know this if off topic but I’m looking into starting my own weblog and was wondering what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100% certain. Any suggestions or advice would be greatly appreciated. Cheers
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Hello there! I know this is somewhat off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having problems finding one? Thanks a lot!
Hi there! Do you know if they make any plugins to safeguard against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any tips?
Hi there! Do you know if they make any plugins to safeguard against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any recommendations?
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Hi! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My web site looks weird when browsing from my iphone. I’m trying to find a template or plugin that might be able to resolve this issue. If you have any suggestions, please share. Thanks!
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I don’t know if it’s just me or if everybody else experiencing issues with your blog. It appears as though some of the text within your posts are running off the screen. Can someone else please comment and let me know if this is happening to them as well? This may be a issue with my web browser because I’ve had this happen before. Thank you
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Hello are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you require any html coding expertise to make your own blog? Any help would be greatly appreciated!
I was curious if you ever considered changing the layout of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 pictures. Maybe you could space it out better?
I’m really enjoying the theme/design of your weblog. Do you ever run into any web browser compatibility problems? A number of my blog readers have complained about my blog not working correctly in Explorer but looks great in Chrome. Do you have any suggestions to help fix this problem?
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I am really loving the theme/design of your web site. Do you ever run into any web browser compatibility problems? A small number of my blog audience have complained about my site not operating correctly in Explorer but looks great in Safari. Do you have any tips to help fix this problem?
Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!
First of all I want to say superb blog! I had a quick question that I’d like to ask if you don’t mind. I was curious to know how you center yourself and clear your head before writing. I have had difficulty clearing my mind in getting my ideas out. I truly do take pleasure in writing however it just seems like the first 10 to 15 minutes are lost just trying to figure out how to begin. Any ideas or hints? Appreciate it!
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Hmm is anyone else experiencing problems with the pictures on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any suggestions would be greatly appreciated.
Hey! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no backup. Do you have any solutions to prevent hackers?
Hey there just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same results.
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Hi there! Do you know if they make any plugins to protect against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any recommendations?
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Hey! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest authoring a blog post or vice-versa? My site addresses a lot of the same subjects as yours and I think we could greatly benefit from each other. If you’re interested feel free to shoot me an email. I look forward to hearing from you! Terrific blog by the way!
Hey there! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no data backup. Do you have any methods to stop hackers?
Hi! This is kind of off topic but I need some advice from an established blog. Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to start. Do you have any ideas or suggestions? Thank you
With havin so much written content do you ever run into any problems of plagorism or copyright violation? My blog has a lot of exclusive content I’ve either created myself or outsourced but it looks like a lot of it is popping it up all over the web without my agreement. Do you know any techniques to help stop content from being stolen? I’d certainly appreciate it.
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I was curious if you ever considered changing the structure of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or two pictures. Maybe you could space it out better?
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Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
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I am curious to find out what blog platform you have been using? I’m experiencing some small security problems with my latest site and I’d like to find something more safeguarded. Do you have any suggestions?
Hi! This is kind of off topic but I need some help from an established blog. Is it difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to start. Do you have any tips or suggestions? With thanks
Incredible! This blog looks exactly like my old one! It’s on a entirely different subject but it has pretty much the same layout and design. Wonderful choice of colors!
Hey would you mind sharing which blog platform you’re working with? I’m planning to start my own blog soon but I’m having a tough time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something unique. P.S Apologies for being off-topic but I had to ask!
It’s a shame you don’t have a donate button! I’d most certainly donate to this brilliant blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this website with my Facebook group. Talk soon!
Howdy would you mind letting me know which web host you’re utilizing? I’ve loaded your blog in 3 completely different web browsers and I must say this blog loads a lot faster then most. Can you recommend a good hosting provider at a reasonable price? Kudos, I appreciate it!
My spouse and I absolutely love your blog and find many of your post’s to be exactly I’m looking for. Do you offer guest writers to write content to suit your needs? I wouldn’t mind publishing a post or elaborating on most of the subjects you write regarding here. Again, awesome website!
Whoa! This blog looks exactly like my old one! It’s on a entirely different subject but it has pretty much the same layout and design. Outstanding choice of colors!