Middlemen take advantage as several factors limit palm oil production in Akwa IbomSCORECARD: Under Tinubu, Nigeria’s education sector yet to see renewed hopeEditorialGeneral Taoreed Lagbaja: One year on the battle front, By Michael MsuaanMiddlemen take advantage as several factors limit palm oil production in Akwa IbomSCORECARD: Under Tinubu, Nigeria’s education sector yet to see renewed hopeEditorialGeneral Taoreed Lagbaja: One year on the battle front, By Michael...
A breakdown of this achievement showed that AMCON, currently led by Gbenga Alade as Managing Director/Chief Executive Officer, achieved a Year-on-Year growth in profit of 212% from N34.730 billion in the financial year, which ended on December 31, 2022, to N108.433 billion in the period ended December 31, 2023.
A breakdown of the recovery showed that AMCON achieved N81.65 billion in collections from various obligors, N17.8 billion from share sales, N15.5billion reinvestment income, N6 billion as proceed from sale of properties, N3.8 billion dividend income and N0.5 billion from rental income despite the country’s challenging economic environment, occasioned by the removal of subsidy and floatation of the naira.
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Source: Loan Digest (loandigest.net)
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