The Asset Management Corporation of Nigeria (AMCON) recorded a significant improvement in its recovery performance in the first half of 2025, as cash recoveries rose by 27.87 per cent to N66.12 billion, compared with N51.71 billion at the end of December 2024.
This was disclosed by the Central Bank of Nigeria (CBN) in its Financial Stability Report for H1 2025. According to the report, the stronger recovery effort contributed to a reduction in AMCON’s liabilities, while cumulative recoveries climbed to N2.43 trillion, reflecting sustained progress in strengthening the Corporation’s balance sheet.
Further details showed that total recoveries increased by 4.42 per cent to N2,426.35 billion from N2,323.68 billion in the preceding period. The recoveries comprised N984.52 billion in cash, N1,291.95 billion from other collections, and N149.90 billion realised through asset forfeiture.
The “other collections” category included proceeds from property and share sales, rental and dividend income, sale of bridge banks, and re-investment income. This highlights AMCON’s diversified recovery strategy beyond direct cash inflows.
In addition, investment income from treasury operations increased by 2.08 per cent to N15.22 billion, up from N14.91 billion in the previous half-year, further supporting the Corporation’s revenue base.
On the liability side, the report showed that the carrying value of AMCON’s liabilities declined by 7.84 per cent to N5,241.54 billion from N5,687.36 billion at end-December 2024, indicating improved debt management and settlement of obligations.
However, AMCON’s total assets, net of impairment, fell by 30.97 per cent to N1,267.66 billion from N1,836.33 billion in the second half of 2024, reflecting ongoing asset disposals and recoveries.
The CBN also revealed that collections into the Banking Sector Resolution Cost Fund (BSRCF) stood at N577.84 billion during the period. AMCON utilised these funds to meet its obligations on issued securities.
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