The Asset Management Company of Nigeria (AMCON) was set up by the laws of the Federal Republic of Nigeria with a mandate to take up non performing loans from the books of all the banks in Nigeria in order to restore liquidity and grow credits. This is a welcome development for the third fastest growing economy in the world according to IMF. The valuation methodology that will be used to take up the bad loans are listed below:
AMCON and the Confusion of the Nigerian Investor
AMCON and the Confusion of the Nigerian…
AMCON and the Confusion of the Nigerian Investor
The Asset Management Company of Nigeria (AMCON) was set up by the laws of the Federal Republic of Nigeria with a mandate to take up non performing loans from the books of all the banks in Nigeria in order to restore liquidity and grow credits. This is a welcome development for the third fastest growing economy in the world according to IMF. The valuation methodology that will be used to take up the bad loans are listed below: