March 01, 2017 1:17 PM ET

Capital Markets

Company Overview of AMCON, Inc.

Company Overview

AMCON, Inc. revives financial systems by resolving non-performing loan assets of banks in the Nigerian economy. The company acquires eligible bank assets from eligible financial institutions, and puts these assets to economic use in a profitable manner. AMCON, Inc. was founded in 2010 and is based in Abuja, Nigeria.

3rd Floor, Murjanatu House

1, Zambezi Crescent

Off Aguiyi Ironsi Street




Founded in 2010


234 9 8761892

Key Executives for AMCON, Inc.

Chief Executive Officer, Managing Director and Director
Executive Director of Finance & Operations and Director
Executive Director
Executive Director of Credit and Director
Compensation as of Fiscal Year 2016.

AMCON, Inc. Key Developments

Amcon To Sell Keystone

AMCON, Inc. is to sell Keystone Bank Limited, which is under its custody. AMCON is set to announce new owners for Keystone, despite some stakeholders being opposed to the move. Keystone is believed to be one of the last three national financial institutions to be sold. It is believed that a firm linked to Atiku Abubakar, former vice president and Umar Modibbo, Managing Director and Chief Executive Officer of Sigma Pensions Limited, may emerge as the new owner of Keystone.

AMCON Seeks To Sell Assets

AMCON, Inc. is seeking to sell non-performing assets. Ahmed Kuru, Chief Executive Officer said that the company plans to sell the properties when the economy improves and the assets can attract fair value.

Duet Private Equity and Asset Management Corporation of Nigeria Launch New PE Fund Focused on Distressed Nigerian Companies

Duet Private Equity and Asset Management Corporation of Nigeria (AMCON) signed an exclusive agreement to establish an investment fund focused on Nigeria's fast-moving consumer goods (FMCG) sector. The new fund will launch with an initial target size of $400 million (€363 million) and its portfolio will consist exclusively of food and beverage companies with local brands. AMCON will contribute six portfolio companies currently under its control and the fund will invest an additional $200 million (€182 million) into these six companies.

Similar Private Companies By Industry

Company Name Region
A.R.M Securities Limited Middle East/Africa
Abuja Securities & Commodity Exchange Plc Middle East/Africa
ACL Capital Partners Ltd. Middle East/Africa
Africapital Management Limited Middle East/Africa
Afrinvest (West Africa) Limited Middle East/Africa

Recent Private Companies Transactions

June 14, 2016
Amak Arnolds Nigeria Limited

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact AMCON, Inc., please visit Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at