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Nigerian Braiding Manufacturers Limited to continue operations– AMCON - Nigerian Frank News
The Asset Management Corporation of Nigeria (AMCON) has said the Nigerian Braiding Manufacturers Limited (NBML), a Kano State-based textile company, NBML will continue its operations. This is contrary to reports regarding the fate of the company recently taken over by AMCON as a result of the Company’s Non-Performing Loans purchased from the Banks by the Government agency. The textile company’s indebtedness to the Corporation currently stands at over One billion naira. This is despite numerous overtures by AMCON for amicable resolution of the debt to which the Company and its…