News: AMCON Distributing Co (DIT)

DIT on American Stock Exchange

74.99USD
22 May 2013
Price Change (% chg)

$0.24 (+0.32%)
Prev Close
$74.75
Open
$74.73
Day's High
$75.75
Day's Low
$74.30
Volume
1,656
Avg. Vol
872
52-wk High
$79.75
52-wk Low
$56.21

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Mon, May 20 2013

UPDATE 1-Nigeria to divest 3 nationalised banks by Q3 2014

* AMCON to complete sale of 3-nationalised banks next year

UPDATE 1-Nigeria's bad bank AMCON has stopped buying bad loans

* Banks to bear full cost of bad loans (Adds details, background, quotes)

Nigeria's bad bank AMCON has stopped buying bad loans -CEO

LAGOS, April 2 - Nigeria's AMCON has stopped buying bad loans from the banking sector, its chief executive said on Tuesday, a move meant to discourage excessive risk-taking in Africa's second biggest economy after a 2009 financial crisis.

UPDATE 2-AMCON loss is "wake up call" for Nigeria banks, govt

* Analysts question impact of loss on bond refinancing next year

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