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Asset Management Corporation of Nigeria (AMCON) is a body established by the Act of the National Assembly of Nigeria in July 2010 with an intended 10 years lifespan. The concept is in consonance with the operation of the National Asset Management Agency of the Republic of Ireland and Malaysia Pengurusan Danaharta . [ 1 ]
An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more diversification , liquidity , and professional management consulting service than is normally available ...
The Asset Management Corporation of Nigeria AMCON was established in 2009 by the National Assembly of Nigeria. [11] The institution acquires non-performing loans of commercial banks. The financing of AMCON is composed of a ₦50 billion CBN fund and 0.3% of total assets of participating commercial banks.
How should I invest? ... but you can take money and any earnings out tax-free if you hold the account for at least five years. How much you can set aside does depend on your total income. For tax ...
A financial windfall like an inheritance or salary bonus can be a wonderful opportunity for investing. But what's the best way to invest your newfound wealth: all at once or little by little?
Stanbic IBTC Holdings PLC. came alive as the result of a merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc. in 2007, then adopting a holding company structure in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to either divest from non-core banking financial services or adopt a holdings’ company structure.
Here's how your money could grow at an average annual rate of 8%: If you invest this amount annually for 25 years You'd have this much, if it grew at 8% annually, on average
Meristem Finance Limited is the finance arm of Meristem Securities Limited. The company commenced operations in October 2019. It is a non-banking financial institution and equipment leasing firm licensed by the Central Bank of Nigeria to provide financial services and is a member of the Equipment Leasing Association of Nigeria (ELAN).