<< Back             Poser >> AMCON cash recoveries rise 28% to N66.1bn — CBN By Babajide Komolafe The Asset Management Corporation of Nigeria, AMCON, recorded a 27.87 per cent increase in cash recoveries to N66.12 billion in the first half of 2025, H1’25 from N51.71 billion at end-December 2024. The Central Bank of Nigeria, CBN disclosed this in its Financial Stability Report for H1’25 noting that the stronger recovery performance contributed to a reduction in AMCON’s liabilities, even as cumulative recoveries climbed to N2.43 trillion, reflecting sustained efforts to strengthen the Corporation’s balance sheet. Details of the report showed that total recoveries increased by 4.42 per cent to N2,426.35 billion from N2,323.68 billion in the preceding period. The recoveries comprised cash of N984.52 billion, other collections amounting to N1,291.95 billion, and asset forfeiture valued at N149.90 billion. The “other collections” component covered proceeds from property and share sales, rental and dividend income, sale of bridge banks, as well as re-investment income, underscoring AMCON’s diversified recovery channels beyond direct cash inflows. In addition, investment income from treasury operations rose by 2.08 per cent to N15.22 billion from N14.91 billion recorded in the preceding half, further supporting the Corporation’s revenue position. On the liability side, the CBN report showed that the carrying value of AMCON’s liabilities declined by 7.84 per cent to N5,241.54 billion from N5,687.36 billion at end-December 2024, pointing to improved debt management and settlement of obligations. However, AMCON’s total assets, net of impairment, decreased by 30.97 per cent to N1,267.66 billion from N1,836.33 billion in the second half of 2024, reflecting ongoing asset disposals and recoveries. The report further revealed that collections into the Banking Sector Resolution Cost Fund, BSRCF, amounted to N577.84 billion during the period. AMCON utilised the funds to meet its obligations on issued securities. Vanguard Business News	VAT reforms to lower prices, boost compliance – Ghana Revenue Authority  The Ghana Revenue Authority (GRA) has said that comprehensive reforms to the Value Added Tax (VAT) regime are expected to lower prices, improve compliance, and support government’s GH¢225 billion revenue target for 2026. FINANCIAL INCLUSION: Nigeria still behind target – CBN By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has said 74 percent of Nigerians have been covered under its financial inclusion program as at first half of 2025 (H1’25). Disclosing this in its latest Financial Stability Report, the apex bank stated: ‘‘At end-June 2025, the percentage of financially included Nigerians stood at 74 per cent.” The […] Bank customers’ complaints grow by 143%, as CBN resolves 9,771 By Elizabeth Adegbesan   The Central Bank of Nigeria,  CBN,   said it resolved 9,771 out of 10,704 bank customers’ complaints in the first half of the year (H1’25). CBN disclosed this in its latest  Financial Stability Report, noting that the number of complaints received in H1’25 grew by 143.3 percent year-on-year (YoY) from 4,398 complaints in H1’24.   […] AMCON cash recoveries rise 28% to N66.1bn — CBN By Babajide Komolafe The Asset Management Corporation of Nigeria, AMCON, recorded a 27.87 per cent increase in cash recoveries to N66.12 billion in the first half of 2025, H1’25 from N51.71 billion at end-December 2024. The Central Bank of Nigeria, CBN disclosed this in its Financial Stability Report for H1’25 noting that the stronger recovery performance […] Nigeria records 14% rise in exports to Africa …As fuel tops export list By Emma Ujah, with agency reports Nigeria’s exports to Africa reached N4.82 trillion in the first half of 2025, up 14% year-on-year compared to N4.21 trillion in the first half of 2024. West Africa absorbed over 62% of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, […] Nigeria’s money supply grows to N124.4trn Currency in circulation hits N5.4trn lCredit to govt rises 29% By Elizabeth Adegbesan Nigeria’s Money Supply (M²) grew by 1.2 percent month-on-month (MoM) to N124.4 trillion in December 2025, from N122.9 trillion the previous month.  This is contained in Central Bank of Nigeria, CBN,  Money and Credit Statistics released over the weekend. The data indicated that […]