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Domestic debt: N373bn borrowed by military regime still outstanding – Investigation

By Everest Amaefule, Abuja Thursday, 11 Nov 2010 A total of N373.12bn borrowed by the Nigerian military government 25 years ago is still outstanding, investigation by our correspondent has revealed. Our correspondent gathered that the Federal Government was currently paying interest rate of between 9.41 per cent and 12.5 per cent […]

Investors cautious, index futures flat

By Agency reporter Thursday, 11 Nov 2010 NEW YORK : United States stock index futures were little changed on Wednesday as investors chewed over the Federal Reserve‘s asset purchases, while a stronger dollar and weaker commodity prices weighed on world markets. According to Reuters on Wednesday, equities had stalled this week […]

Oil jumps above $88 in Asia as US stockpiles fall

BANGKOK – Oil prices jumped above $88 a barrel in Asia on Thursday, boosted by news that U.S. crude and gasoline stockpiles declined last week in a sign of improving demand for fuel.   Benchmark oil for December delivery was up 59 cents at $88.40 a barrel at late afternoon Bangkok time […]