Nigeria has withdrawn $2 billion from its crude oil savings for ‘various projects’ and distributed more money in October to the three tiers of government than the previous month, the minister of state for finance said on Monday. Yerima Ngama told reporters that 615.76 billion naira was distributed from federal […]

Facebook has agreed to settle an investigation by the Federal Trade Commission into deceptive privacy practices, committing to cease making false claims and to submit to independent audits for 20 years. The FTC said the world’s largest Internet social network had been repeatedly deceptive. For example, Facebook promised users that […]

Euro zone ministers struggled to ramp up the firepower of their rescue fund and raised the possibility of asking the IMF for more help on Tuesday after Italy’s borrowing costs hit a euro lifetime high of nearly 8 percent. Two years into Europe’s sovereign debt crisis, investors are fleeing the […]