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Asian stocks fall after US tumble; Europe gains

By PAMELA SAMPSON – AP Business Writer BANGKOK (AP) — Asian stock markets continued their slump Thursday but European shares clawed back ground as traders awaited data that they hoped would show a brighter employment picture in the U.S. Oil prices hovered below $83 a barrel, while the dollar slipped […]

DMO to sell N70bn in bonds

By Okechukwu Nnodim with agency reports   The Debt Management Office on Wednesday said it had plans to sell N70bn in three, five and 10 years sovereign bonds on August 17. Reuters reported that the DMO would sell N30bn of the three-year, N15bn of five-year and N25bn of 10-year papers, […]

SEC tasks audit committees over corporate governance

By Okechukwu Nnodim The Securities and Exchange Commission has called on members of audit committees of quoted companies to uphold the standards of corporate governance when dealing with management and shareholders of their respective firms. According to SEC, the slow recovery from the global economic crisis and the yearning for […]