Abuja DisCo is technically insolvent

by | January 23, 2018 2:27 am



Abuja Distribution Company Plc is technically insolvent as its total liabilities of N128.22 billion as at December 2016, exceeded total assets of N117.20 billion. This resulted in a negative shareholders’ fund of N11.09 billion in the period under review. Negative shareholder equity on a company’s balance sheet is a red flag that investors should steer…

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