By Everest Amaefule Friday, 19 Nov 2010 NIGERIA spent N960bn ($6.4bn) on debt servicing between 2008 and 2009, according to the Annual National Debt Sustainability Analysis 2010. The report also said that the borrowing limit for the country had been set at N1.06tn for 2011, following complaints of rising national debt […]

DUBLIN – The governor of the Central Bank of Ireland says he expects his debt-crippled country to accept a loan worth tens of billions of euros (dollars) from the European Union and International Monetary Fund.   Patrick Honohan made his comments Thursday as forensic accountants from Brussels and Washington opened talks in Dublin with […]

NEW YORK – General Motors stock began trading on Wall Streetagain Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy and was rescued with a $50 billion infusion from taxpayers.   The stock rose sharply in its first minutes of buying and selling, going for nearly $36 per […]