Suspected Islamist Boko Haram fighters have abducted dozens of boys and men in a raid on a remote village in northeast Nigeria.» Read More
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.
Discussing Nigeria's culture of corruption, and the rise in human trafficking there, with Bob Kent, Hafaza International president. "I think the situation in Nigeria going to become increasingly unstable," he says.
Africa represents about a third of company's business. ABUJA, May 8- Indian telecoms firm Bharti Airtel plans annual capital expenditure of $1 billion in Africa in the next few years and will focus on deepening investments in 17 countries there rather than entering new markets, its chairman said.
*Nigeria hosting World Economic Forum for Africa. Speaking at the World Economic Forum being hosted in the capital Abuja, Jonathan thanked foreign nations including the United States, Britain, France and China for their support in trying to rescue the girls, who were kidnapped from a secondary school on April 14.
"All China's support for Africa will come with no political strings attached," Li said, speaking at the World Economic Forum on Africa being held in the Nigerian capital Abuja. "We will not interfere with Africa's internal affairs or ask something impossible of Africa," he added.
ABUJA, May 8- Nigerian President Goodluck Jonathan pledged on Thursday to find more than 200 schoolgirls abducted by Islamist rebels, saying their rescue would mark "the beginning of the end of terrorism" in the country.
As the World Economic Forum kicks off in Nigeria, the nation reels from the mass abduction of hundreds of young girls.
There are new reports of additional kidnappings of school girls in Nigeria, reports CNBC's Michelle Caruso-Cabrera.
Oscar Onyema, CEO of the Nigerian Stock Exchange, says investors have a strong appetite for investing in Nigeria with a lot of cash "waiting to be deployed".