Oil rises to new 30-month high as dollar weakens, gasoline average hits $3.71 a gallon Chris Kahn, AP Energy Writer NEW YORK (AP) — Oil rose Wednesday as the dollar declined against other major currencies. Benchmark West Texas Intermediate gained 40 cents at $108.74 per barrel in midday trading on […]

Nigeria’s state bad bank AMCON has closed a book building and priced 1.7 trillion naira ($11 billion) in 3-year zero coupon bonds with an 11.8 percent yield, the lead issuing house said on Wednesday. The issue is in three tranches. The first 1.15 trillion naira tranche was issued to exchange […]

By Ademola Alawiye with agency report The Central Bank of Nigeria on Tuesday said that the Asset Management Corporation of Nigeria had bought all non-performing loans in the banking sector. The Director, Banking Supervision, CBN, Mr. Sam Oni, said that the corporation had made tremendous progress in terms of purchasing […]