AMCON injects N1.5bn in Arik Air

The Asset Management Company of Nigeria (AMCON) has injected N1.5bn in Arik Airline Ltd to safeguard…

Arik owes local, foreign creditors N387bn, flew without spare tyres – AMCON

Assets Management Corporation of Nigeria (AMCON) which took over the indebted Arik, says the airline owed…

Arik operated without spare tyres, other essential equipment – AMCON

Nigeria’s largest airline, Arik Air, operated without spare tyres and other important equipment necessary to facilitate…

Arik Air owes local, foreign creditors N387bn, says AMCON

  Assets Management Corporation of Nigeria (AMCON) which took over the indebted Arik, says the airline…

Credit default remain a risk in 2017: Nigerian central bank

Credit default by Nigerian borrowers is a major economic risk this year after bad loans soared…

Arik Air management restates commitment to safety standards

The new management of Arik Air has reiterated commitment to high safety standards as it continues…

DSS quizzes Ifeanyi Ubah on NNPC’s N11bn claim

The Department of State Services (DSS), on Thursday, in Abuja, interrogated the Group Managing Director of…

AMCON recovers N681bn from debtors

The Asset Management Corporation of Nigeria (AMCON) has recovered over N681.5bn from chronic debtors in the…

Arik takeover: Court decides application against AMCON May 15

The Federal High Court in Lagos has deferred rulings till May 15, 2017 on two preliminary…

Protests hit Arik Air as staff, Aviation Unions clash over operation differences

Protests have hit the office of Arik Air in Lagos, as Aviation Unions and staff of…

Arik says picketing illegal

Arik Air in a swift reaction said the action of the unions is illegal because the…

Job losses loom at Arik Air

Following the takeover of Arik Air by the Asset Management Corporation of Nigeria (AMCON) and a…