Fewer Americans bought new homes in December. The decline made 2011 the worst year for new-home sales on records dating back nearly half a century. The Commerce Department said Thursday new-home sales fell 2.2 percent last month to a seasonally adjusted annual pace of 307,000. The pace is less than […]

Nigeria raised 89.76 billion naira ($561.46 million) at an auction of government bonds on Wednesday, its first debt auction in the year with yields higher than at its previous auction, the Debt Management Office said on Thursday.  The debt office said it auctioned 19.76 billion naira in the 10-year bond […]

The Nigerian naira firmed to a 3-week high against the U.S. dollar in the interbank market on Wednesday after oil companies sold the greenback and the central bank auctioned $250 million at its biweekly forex market.  The naira closed at 160.05 to the dollar on Wednesday, the same level it […]