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Debtors Africa News

PMB Signs Into Law AMCON (amendment) Act, 2019 That Empowers It Access Financial Details Of Debtors
Sunday, 10 May 2020
PMB Signs Into Law AMCON (amendment) Act, 2019 That Empowers It Access Financial Details Of Debtors

President Muhammadu Buhari has signed a new law which empowers the Asset Management Corporation of Nigeria (AMCON) to put the bank accounts of its debtors under supervision.

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FG To Enforce Recovery Of N5trn AMCON Debts
Sunday, 10 May 2020
FG To Enforce Recovery Of N5trn AMCON Debts

In a renewed and spirited effort to ensure the effective recovery of over N5 Trillion being outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), a new task force has been set up to get the job done without fail.

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Supreme Court Backs BI-Courtney, AMCON to Pay N132bn
Sunday, 10 May 2020
Supreme Court Backs BI-Courtney, AMCON to Pay N132bn

The lingering battle between Bi Courtney Limited and the Assets Management Company of Nigeria (AMCON) over a N132,540,580,304.00 judgment credit was on April 5 decided in favour of Bi Courtney.

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List of AMCON’s Top 105 Debtors
Sunday, 10 May 2020
List of AMCON’s Top 105 Debtors

The Asset Management Corporation of Nigeria (AMCON) has decided to publish detailed list of all erring debtors that have failed and or refused to reach settlement resolution with the Corporation.

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A Garnishee Lacks The Power To Fight The Cause Of A Judgement Debtor
Sunday, 10 May 2020
A Garnishee Lacks The Power To Fight The Cause Of A Judgement Debtor

In Guaranty Trust Bank Plc v. Innoson Nig. Ltd. [2017] 16 NWLR (Pt. 1591) 181 at 203, paras. D-F, per Eko, JSC.

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AMCON Mulls Disengagement of Non-Performing AMPs
Sunday, 10 May 2020
AMCON Mulls Disengagement of Non-Performing AMPs

Asset Management Corporation of Nigeria, AMCON, has hinted that it would disengage Asset Management Partners (AMPs), that are unable to cope with the speed and enormous challenges of debt recovery expected by the corporation.

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All You Need To Know About Credit Bureaus in Nigeria
Sunday, 10 May 2020
All You Need To Know About Credit Bureaus in Nigeria

CREDIT BUREAUS in Nigeria: Fact Sheet

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Banks at risk of loan default, says MPC member
Thursday, 07 May 2020
Banks at risk of loan default, says MPC member

The Deputy Governor, Financial Systems Stability Directorate, Central Bank of Nigeria, Aishah Ahmad, has said banks face imminent risk of loan default from exposure to oil-related lending.

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Suspension of Debt Payments to Multilateral Development Banks a Risk to Ratings
Monday, 04 May 2020
Suspension of Debt Payments to Multilateral Development Banks a Risk to Ratings

Suspension of sovereign debt payments owed to multilateral development banks (MDBs) would be negative for MDB ratings unless they were fully compensated by their shareholders, Fitch Ratings says. The G20 and Paris Club called for MDBs to 'explore the options for suspension of debt service payments' when they announced a coordinated debt relief initiative by official bilateral creditors for the poorest countries that request forbearance.

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Other News

Lottery sales at an all-time high as Mega Millions, Powerball set records - WHAS11
Tuesday, 19 January 2021

Lottery sales at an all-time high as Mega Millions, Powerball set records - WHAS11

Both games had jackpot winners within 24 hours of each other in the fall, but there hasn't been a winner of either since then.

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Janet Yellen: Defeating the pandemic and providing relief to Americans are key to economic recovery - Yahoo Finance
Tuesday, 19 January 2021

Janet Yellen: Defeating the pandemic and providing relief to Americans are key to economic recovery - Yahoo Finance

Yahoo Finance's Brian Cheung reports on the key takeaways from the confirmation hearings for Secretary of Treasury nominee Janet Yellen.For 2020 election res...

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Nigeria Can Store Up To 400000 Doses Of Pfizer COVID 19 Vaccine – FG - Channels Television
Tuesday, 19 January 2021

Nigeria Can Store Up To 400000 Doses Of Pfizer COVID 19 Vaccine – FG - Channels Television

Don't forget to subscribe: https://bit.ly/2Hb8hjxWatch more interesting videos: https://bit.ly/34ogCawFollow Channels Television On: Facebook: https://www.f...

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Netflix says borrowing to end as global membership tops 200 million - Reuters
Tuesday, 19 January 2021

Netflix says borrowing to end as global membership tops 200 million - Reuters

Netflix Inc said on Tuesday its global subscriber rolls crossed 200 million at the end of 2020 and projected it will no longer need to borrow billions of dollars to finance its broad slate of TV shows and movies.

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Netflix and Disney are trading places: Disney is the upstart, Netflix the old guard - CNBC
Tuesday, 19 January 2021

Netflix and Disney are trading places: Disney is the upstart, Netflix the old guard - CNBC

Investors want Disney to use excess capital for more streaming video, while Netflix suggests it may start buying back stock as it turns cash-flow positive.

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Is Rivian the Next Tesla? Investors Bet Big on Electric Truck Maker - The New York Times
Tuesday, 19 January 2021

Is Rivian the Next Tesla? Investors Bet Big on Electric Truck Maker - The New York Times

Rivian, which has raised another $2.65 billion, plans to sell a pickup truck and S.U.V. it has worked on for more than a decade.

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Biden aims for best stock-market rally in 92 years ahead of inauguration - MarketWatch
Tuesday, 19 January 2021

Biden aims for best stock-market rally in 92 years ahead of inauguration - MarketWatch

Supporters might point to President-elect Joe Biden's bullish impact on the stock market since the Nov. election as an early accomplishment, even if it's...

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You can now buy a Porsche Taycan in the US for under $80,000 - Electrek.co
Tuesday, 19 January 2021

You can now buy a Porsche Taycan in the US for under $80,000 - Electrek.co

Before today, buying a Porsche Taycan in the US was a six-figure layout. Porsche is now offering a base model starting at $79,900.

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Sibanye's head of SA gold operations dies from Covid-19 complications - News24
Tuesday, 19 January 2021

Sibanye's head of SA gold operations dies from Covid-19 complications - News24

The precious metals mining company said that Shadwick Bessit passed away on Saturday, 16 January 2021, from Covid-19 related complications

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Investor bets against the dollar are at their biggest in almost 10 years, but rising Treasury yields are .. - Business Insider
Tuesday, 19 January 2021

Investor bets against the dollar are at their biggest in almost 10 years, but rising Treasury yields are .. - Business Insider

Bets against the dollar have risen to their highest level in almost a decade, but analysts say rising Treasury yields could cause problems for bears.

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Heineken SA becomes first major company to cut jobs due to alcohol sales ban - Business Day
Tuesday, 19 January 2021

Heineken SA becomes first major company to cut jobs due to alcohol sales ban - Business Day

Seventy workers out of a workforce of 1,000 will lose their jobs as brewer laments that the decision was ‘not an easy one to make’

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Electronics Giant Mitsubishi Building Blockchain Platform To Power Peer-to-Peer Energy Trading - The Daily Hodl
Tuesday, 19 January 2021

Electronics Giant Mitsubishi Building Blockchain Platform To Power Peer-to-Peer Energy Trading - The Daily Hodl

Mitsubishi Electric is teaming up with Japan's leading science and technology university Tokyo Tech to build a blockchain-based platform for peer-to-peer (P2P) energy trading.

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Netflix soars after subscriptions blow past 200 million - BNN
Tuesday, 19 January 2021

Netflix soars after subscriptions blow past 200 million - BNN

Netflix Inc. ended its biggest year in company history with a bang, adding more customers than expected and saying it no longer needs to borrow money to build its entertainment empire.

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Parler moves to hosting service owned by Russians after ban - Aljazeera.com
Tuesday, 19 January 2021

Parler moves to hosting service owned by Russians after ban - Aljazeera.com

Parler was dropped by big tech companies after it was used by members to incite violence at the US Capitol.

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British Columbia is getting rid of enhanced driver’s licence and enhanced identification card - Globalnews.ca
Tuesday, 19 January 2021

British Columbia is getting rid of enhanced driver’s licence and enhanced identification card - Globalnews.ca

The application process was temporarily stopped in March 2020, at the start of the pandemic due to the requirement for a lengthy in-person appointment.

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Barricade comes down at Windsor Assembly Plant - Windsor Star
Tuesday, 19 January 2021

Barricade comes down at Windsor Assembly Plant - Windsor Star

Former AWC workers return to jobs at Windsor assembly while two sides negotiate.

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Netflix signals stock buybacks to come as subscribers hit 200m - Financial Times
Tuesday, 19 January 2021

Netflix signals stock buybacks to come as subscribers hit 200m - Financial Times

Shares jump as streaming pioneer says it no longer needs junk debt to fund programming

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UK government accused of discriminating against maternity leave-takers - The Guardian
Tuesday, 19 January 2021

UK government accused of discriminating against maternity leave-takers - The Guardian

Charity brings judicial review and says payment calculations breach Human Rights Act

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Wetherspoons expects pubs to stay closed until April - Liverpool Echo
Tuesday, 19 January 2021

Wetherspoons expects pubs to stay closed until April - Liverpool Echo

The company has made "zero" sales in 2021 and expects sites to stay closed until at least the end of March

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‘Brexodus’ of jobs from City of London to continue, says EU commissioner - The Irish Times
Tuesday, 19 January 2021

‘Brexodus’ of jobs from City of London to continue, says EU commissioner - The Irish Times

Mairead McGuinness has launched a plan to strengthen EU’s financial system post-Brexit

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