Nigeria's state-owned Asset Management Company (AMCON) is determined to recover debts of NGN228 billion naira (USD149 million) from Arik Air (W3, Lagos ), while plans to liquidate the airline remain ...

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The Minister of Aviation and Aerospace Development, Festus Keyamo, has been championing essential air transport interventions to assure the safety of stakeholders’ investments.

Some domestic airlines are missing out on benefits that the IATA certifications present, including exposure to the global ...

Almost eight years after the takeover of Arik Air from its shareholders by the Asset Management Corporation of Nigeria (AMCON), both parties are still bickering over the action. The shareholders of ...

Telecoms receive approval to raise hike to 50% for the first time in 12 years Niger explosion death toll rises to 98 EFCC arraigns Ex-AMCON MD over Arik ...

EFCC has arraigned five individuals, including former AMCON MD Ahmed Kuru, for allegedly defrauding Arik Air of N76bn and $31 ...

In a rekindled bickering over the airline's financial status, the Asset Management Corporation of Nigeria (AMCON) and Arik Air ...

The EFCC also alleged the defendants obtained undue advantage for themselves and intentionally authorized the tear down and destruction of 5N-JEA with Serial No. 15058 valued at 31.5 million dollars , ...

ShareThe question on the lips of many who have followed the Arik Air and AMCON saga: is how long will this drama continue to play out? WOLE SHADARE examines various positions of the feuding parties ...

The Economic and Financial Crimes Commission (EFCC) on Monday, 20 January 2025 arraigned a former Managing Director of Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others for ...