AMCON’s N393bn levies rile tier-1 banks’ shareholders

By Chinwendu Obienyi Shareholders of Nigeria’s leading banks have expressed growing concern as contributions to the Asset Management Corporation of Nigeria (AMCON) by tier-1 financial institutions skyrocketed to N393.03 billion at the end of the 2024 financial year. The unprecedented increase has raised red flags about its potential impact on bank profitability and shareholder returns [...]The post AMCON’s N393bn levies rile tier-1 banks’ shareholders appeared first on The Sun Nigeria.

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