First Holdco Plc has clarified widespread misinterpretations surrounding its latest financial results, stressing that the reported N748.125 billion impairment charge does not equate to a direct bad debt write-off. Contrary to sensational claims suggesting that the financial services group wrote off N748 billion, the company disclosed that only N27 million was formally classified and written … Continue reading First Holdco Clarifies N748bn Impairment Charge, Writes Off N27m As Bad Debt