MSCI Inc.’s decision to consider dropping Nigeria from its Frontier Markets Index has put $500 million of stock investments in Africa’s biggest economy under threat, according to Renaissance Capital Ltd. Investors following the index have 25
BY CONOR GAFFEY (Newsweek) – The head of Africa’s largest cement producer, Aliko Dangote has built his substantial fortune upon solid foundations. But these could be shaken following the Panama Papers leak, which involved the disclosure of 25
NEW YORK (AP) — Alaska Air Group Inc. is buying Virgin America in a deal worth $2.6 billion, making Alaska the biggest carrier on the West Coast and reigniting the debate over airline consolidation. The 25
Patti Domm | CNBC A 30-year-old you may have never heard of is trying to build a company worth four Apples — and a Nike to spare. Deputy Crown Prince Mohammed bin Salman, a fast 25
ABUJA, Nigeria (AP) — Fuel lines stretched for more than a kilometer (half-mile) on Friday in Nigeria’s capital because of a fuel shortage in sub-Saharan Africa’s top oil-producing country. Drivers in Abuja groaned and shouted 25
COPENHAGEN, Denmark, April 1 (UPI) — Danish oil company Maersk said it would manage its U.S. assets in the Gulf of Mexico from Copenhagen as it moves to shut down its offices in Houston. Directly employing 25
NEW YORK, April 1 (UPI) — Oil prices took one of their biggest hits of the year Friday as pressure from Riyadh’s response to a production freeze was doubled by weak U.S. labor figures. Mohammed bin 25
WASHINGTON, March 30 (UPI) — The United States stands ready to assist Nigeria in diversifying its economy beyond the oil sector, a regional U.S. secretary said from Washington, D.C. The International Monetary Fund warned the impact 25
By Eric Sylvers | Sarah Kent | WSJ/ Italian prosecutors are investigating Royal Dutch Shell PLC’s involvement in a Nigerian oil deal, a person familiar with the matter said, drawing the oil company into a corruption probe that 25
By Conor Gaffey | Newsweek Nigerian President Muhammadu Buhari has refused to sign off on the country’s record budget a week after it was sent to him, further delaying the implementation of the fiscal plan. 25
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