Business
ARISE TV Risks Closure Amid $225.8 Million Debt and Financial Restructuring
The future of ARISE TV and its sister publication, ThisDay, appears uncertain following the Asset Management Corporation of Nigeria’s (AMCON) receivership notice issued on November 6, 2025.
The directive reportedly froze assets linked to the media group over an estimated $225.8 million debt originating from loans facilitated by First Bank. The move has fueled speculation about the station’s operational sustainability and potential ownership restructuring.
Chairman Nduka Obaigbena has since filed a legal challenge, describing the action as unfair and politically motivated.
Industry observers say the development underscores the growing intersection between Nigeria’s financial institutions, regulatory enforcement, and media independence.
As AMCON intensifies its recovery drive and investors—such as FBN Holdings Chairman Femi Otedola—expand their influence, questions remain over the future of ARISE TV’s editorial and financial stability. (Naija Truths)
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