By InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria has finally scrapped the controversial subsidy on petrol and would now sell for N145 per litre, according to reports by The Will. The reported said Ibe Kachikwu, minister of State for Petroleum Resources and GMD of the NNPC announced the subsidy removal and new petrol pump […]
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FBNH Says 2015 Pretax Profit Drops 77.1% to N21.51 Billion
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Financial HoldCo, FBN Holdings Plc on Tuesday said its pretax profit for the period ended December 31, 2015 dropped 77.1 percent to N21.51 billion from N94.05 billion recorded a year ago. Similarly, profit after tax (PAT) for the period declined 82 percent to N15.14 billion […]
Tackling China’s Debt Problem: Can Debt-Equity Conversions Help?
Posted on April 26, 2016 by iMFdirect By James Daniel, José Garrido, and Marina Moretti China’s high and rising corporate debt problem and how best to address it has received much attention recently. Indeed, corporate debt in China has risen to about 160 percent of GDP, which is very high […]
