Asset Management Company of Nigeria

Asset Management Company of Nigeria was established in , Built by in .

About Asset Management Company of Nigeria

AMCON was created to be a key stabilizing and re-vitalizing tool aimed at reviving the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy, during the global financial crisis. This it has done by continually been at the forefront of acquiring eligible bank assets from financial institutions and putting them to profitable economic use. AMCON helps to complement the the recapitalization of ailing banks and provides opportunities for banks to sell off non performing loans among other functions.

History of The Asset Management Company of Nigeria

The Asset Management Company of Nigeria was established in July 2010 with the signing of the AMCON Act into law by then President Googluck Jonathan as an Independent corporation. Its activities were to last for 10 years and it has an annual ₦50 billion endowment from the Central Bank.

Safety

This is a very safe and secure location, there's no danger to visitors' safety here.  

Best Time to Visit The Asset Management Company of Nigeria

AMCON is best visited during working hours on weekdays.

Most Common Visitors

 AMCON is swarmed daily by different big-business stakeholders, bankers and government officers from different ministries.

Weather at Asset Management Company of Nigeria

 Asset Management Company of Nigeria is located in Abuja North-Central of Nigeria.Thus, it experiences three weather conditions every year.  This includes a warm, humid rainy season and a blistering dry season.  In between the two, there is a brief interlude of harmattan occasioned by the northeast trade wind, with the main feature of dust haze and dryness. Temperatures can drop to as low as 16 degrees during the harmattan period.