The Asset Management Corporation of Nigeria, AMCON, recorded a sharp rise in cash recoveries in the first half of 2025, collecting N66.12 billion, according to the Central Bank of Nigeria’s latest Financial Stability Report.
The figure represents a 27.87 per cent increase compared to the N51.71 billion recovered as of December 2024, signalling renewed momentum in the corporation’s recovery drive and debt resolution efforts.
The Central Bank noted that the stronger inflow of recoveries helped reduce AMCON’s outstanding obligations, while cumulative recoveries climbed to N2.43 trillion, underscoring sustained efforts to stabilise the corporation’s financial position.
Brandspur Banking News Desk reports that total recoveries rose to N2.43 trillion during the review period, reflecting a 4.42 per cent increase over the previous half-year. The recovery mix included N984.52 billion in cash collections, N1.29 trillion from other recovery channels, and N149.90 billion realised through asset forfeitures.
According to the report, non-cash recoveries were driven by proceeds from property and equity sales, rental and dividend income, bridge bank transactions, and reinvestment earnings, highlighting AMCON’s diversified recovery strategy beyond direct cash inflows.
In addition, income from treasury operations improved during the period, with investment earnings rising to N15.22 billion, up from N14.91 billion recorded in the preceding half, further strengthening revenue performance.
On the liabilities side, AMCON’s total obligations declined to N5.24 trillion, representing a 7.84 per cent reduction from N5.69 trillion at the end of December 2024. The CBN attributed the decline to improved debt settlement and financial management.
However, the report showed that AMCON’s net asset base fell to N1.27 trillion, down from N1.84 trillion in the previous half-year, largely due to continued asset disposals and recovery-related write-downs.
The CBN also disclosed that N577.84 billion was paid into the Banking Sector Resolution Cost Fund during the period, with AMCON deploying the funds to meet obligations tied to its issued securities.
The apex bank reaffirmed that improved recoveries remain critical to reducing systemic risk, strengthening financial stability, and limiting the fiscal burden associated with Nigeria’s banking sector resolution framework.
