Thursday, February 23, 2017

Video - AMCON stops several big companies from collapsing

In Nigeria, several companies ranging from banks to airlines have been saved from total collapse by the state-owned Assets Management Company -- AMCON. The latest firm AMCON has taken over is the heavily indebted Arik Air. The average life span of a Nigerian company is estimated at 10 years before they fold -- mostly due to poor management. CGTN's Kelechi Emekalam spoke to AMCON about its role in supporting Nigerian businesses at a time when the economy continues to struggle.

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