Senate passes N161.6bn supplementary budget for fuel subsidy

PDF . . The Senate on Thursday passed the supplementary appropriation bill of N161.6 billion. The amount will serve as payment for fuel subsidy to oil marketers for 2012. President Goodluck Jonathan had on Tuesday sent a request to the National Assembly to approve an additional N161.6 billion to ensure steady supply of petroleum products […]

Europe agrees on common bank regulator

(Financial Times) — Europe took its first big step towards banking union early on Thursday morning, as eurozone finance ministers finally agreed a plan to cede power to a common bank supervisor in Frankfurt. After almost four months of fraught diplomacy that laid bare deep Franco-German divisions, finance ministers brokered terms for the European Central […]

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