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FG set to raise N105bn to finance budget deficit through sovereign bonds

  WEDNESDAY, 14 JULY 2010 01:23 BLESSING ANARO & ONYINYE NWACHUKWU     The Federal Government has concluded plans to raise N105 billion, about $700 million on July 21, its seventh debt auction this year to finance gaps in the 2010 budget.   The Debt Management Office (DMO) said it would sell […]

Is the world heading for another recession?

  WEDNESDAY, 14 JULY 2010                                      Some unsavoury events in global economy have been sounding the death knell of moderate recoveries in economies around the world, after the recent traumatic recession. From mounting debts in Europe; sliding employment opportunities and record environmental disaster in USA; and failure of G20 countries […]

Oil prices trade above $77 on improving global economic report

  WEDNESDAY, 14 JULY 2010    Oil prices rose yesterday (Tuesday) as the global economic recovery got a boost on two fronts after weeks of mixed news.Benchmark crude rose about three per cent in midday trading, a day after the quarterly company earnings season got off to a better-than-expected start. […]