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Oil jumps 7 percent but headed for big Q2 loss

By David Sheppard | Reuters Oil jumped more than 6 percent on Friday, headed for its biggest daily gain in more than a year after European leaders hammered out a deal to shore up euro zone banks, but crude was also headed for its steepest quarterly decline since the financial […]

Peter Madoff pleads guilty in NYC, blaming brother

By LARRY NEUMEISTER and TOM HAYS | Associated Press The younger brother of disgraced financier Bernard Madoff — the loyal No. 2 at an investment firm that fronted a multibillion-dollar Ponzi scheme — pleaded guilty Friday, agreeing to serve 10 years in prison and saying he was “in total shock” […]

Court dismisses suit against cash-less policy

The Federal High Court sitting in Abuja has dismissed a suit instituted against the cash-less policy initiative of the Central Bank of Nigeria. In a suit filed on behalf of eleven Riverine Communities, challenging the policy which restricts cash withdrawals and lodgements to a daily limit, the judge, Honourable Justice […]