By Peter OBIORA InvestAdvocate Nigeria’s Central Bank has increased its lending rate by 275 basis points to help boost the Naira and control price pressures in its economy. Sanusi Lamido Sanusi, Governor of Nigeria’s Central Bank as part of the decisions reached at the N0. 79 of the Monetary Policy […]

Stocks soar after Merkel, Sarkozy promise a ‘comprehensive response’ to European debt crisis Chip Cutter and Francesca Levy, AP Business Writers NEW YORK (AP) — Stocks rose sharply in the U.S. and Europe Monday after French and German leaders promised to strengthen European banks. The Dow Jones industrial average jumped […]

As recession concerns retreat, oil climbs 3 percent; gasoline pump prices holding steady Chris Kahn, AP Energy Writer NEW YORK (AP) — Oil prices jumped more than 3 percent Monday after France and Germany agreed to strengthen Europe’s ailing banks. The move by the eurozone’s two biggest nations helped ease […]