Miguel Azevedo, head of investment banking for Africa at Citigroup, says the growth prospects for Nigeria are "very positive" and that the country's economy is no longer oil-dependent.» Read More
Nigeria's finance minister Ngozi Okonjo-Iweala, says Nigeria's economy does not just rely on oil and is becoming more diversified.
Dennis Gartman of "The Gartman Letter" says oil traders should keep a close eye on Nigeria.
The U.S. has dispatched similar teams around the world and they have been unable to affect outcomes. The Fiscal Times reports.
Bassim Haidar, founder, chairman and CEO of Channel IT Group, says Nigeria is going through a "transformation phase" and that its growth should double in the next 15 years.
SYDNEY/ JOHANNESBURG, June 19- Australian retailer David Jones Ltd has postponed a shareholder vote on a $2 billion takeover bid from South Africa's Woolworths after Australian billionaire Solomon Lew amassed a stake that could scupper the deal.
*Lack of finance a major hurdle for Africa's development. *World Bank leading program to promote credit bureaus. LUSAKA/ LAGOS, June 17- When Joyce Musonda wanted to start a business two years ago selling kitchen tiles from her backyard in an up-and-coming district of Zambia's capital of Lusaka, she braced herself for a battle to find a start-up loan.
Uju Ifejika, CEO of Brittania-U, discusses how the Nigerian oil industry is looking towards Asia to make up for the loss of exports to the U.S. and highlights what the challenges for the sector are.
Diezani Alison-Madueke, Nigeria's oil minister, discusses the impact the U.S. shale revolution has had on Nigeria and says the country is now looking to strengthen its relationship with India and China.
Diezani Alison-Madueke, Nigeria's oil minister, denies that Nigeria is lobbying for her to become OPEC's secretary-general but says it would be "wonderful" to get the job.
**Pilgrim's Pride Corp, the second largest U.S. chicken processor, raised its offer for Hillshire Brands Co, escalating a bidding war with Tyson Foods Inc for the maker of Jimmy Dean sausages. **Germany's Siemens said on Tuesday it called off the sale of its baggage handling and postal automation business.
LONDON, June 2- A flagship index of frontier market stocks is likely to struggle to match its previous strong performance after the promotion of its two top scorers, Qatar and the United Arab Emirates.
*Now scrambling to catch up with China, France and other rivals. BERLIN, May 28- German industry's representative in Angola, Ricardo Gerigk, has a tough job drumming up business in Luanda, the costliest city in the world for expats, where contracts tend to go to firms from China, Portugal and other countries with a bigger presence.
The US has deployed 80 military personnel to Chad in its effort to help find and return more than 200 Nigerian schoolgirls kidnapped by Boko Haram.
Anna Rosenberg, Africa analyst at Frontier Strategy Group, says security concerns in Nigeria are not deterring investors as the country "has always faced volatility."
Malek Bou-Diab, portfolio manager at Bellevue African Opportunities, says structural reforms being carried out by African countries present opportunities for investing in the region, despite some of the political and security tensions that remain.
Nigeria is an economic powerhouse, says Quintin Primo, Capri Capital Partners CEO, sharing his thoughts on investing in Africa amid the ongoing search for kidnapped Nigerian schoolgirls, and social unrest.
CNBC's Michelle Caruso-Cabrera discusses a video that has surface allegedly showing the Nigerian girls being held hostage by the group, Boko Haram.
Ngozi Okonjo-Iweala, Nigerian finance minister, says the country has liberalized its power sector with "radical" reforms, and says the government is serious in resolving Nigeria's problems.
Julian Roberts, CEO of Old Mutual, says that despite the recent events, Nigeria remains a country in which the group will continue to invest due to the government's "absolute commitment" to resolve the issues.
*Nigeria military was a force for stability in West Africa. ABUJA, May 8- Two decades ago Nigeria's military was seen as a force for stability across West Africa. A foe that abducted more than 200 secondary school girls in Chibok, northeastern Nigeria, nearly a month ago.