International Energy Insurance is technically insolvent

by | December 20, 2017 2:08 am

International Energy Insurance (IEI) Plc is technically insolvent as its total liabilities of N10.45 billion as at September 2016, exceeded total assets of N7.69 billion. This resulted in a negative shareholders fund of N2.75 billion in the period under review. Negative shareholder equity on a company’s balance sheet is a red flag that should prompt…

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