Fishery poaching is wiping out shoreline stocks and pushing poor fishermen from some countries toward piracy.» Read More
LAGOS, July 18- Exporters have resumed loading of cocoa shipments in Nigeria's second-largest producing area, Cross Rivers state, after the state government suspended on Friday a levy on bean exports, a trade body said.
*Blast in Lagos port claimed by Islamist militants Boko Haram. ABUJA, July 13- As long as violence perpetrated by Islamist militants was more or less contained in Nigeria's remote northeast, the attitude of many citizens and expatriates in the more prosperous south was a shrug of the shoulders.
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.
Nigeria's finance minister Ngozi Okonjo-Iweala, dismisses claims that the Nigerian President Goodluck Jonathan is losing support saying he is in a "strong position".
Nigeria’s future prosperity lies not in oil - but gas, the finance minister of the petroleum-rich country told CNBC.
Nigeria's finance minister Ngozi Okonjo-Iweala, says there is a "real problem" with corruption in Africa's largest economy, but the issue is "sensationalized" by the media.
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."