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Nigeria Stocks Slide, Ousting Zimbabwe as Africa’s Worst


Bloomberg, July 26, Ghanadot - Nigerian stocks dropped, overtaking Zimbabwe as Africa’s worst performer this year, as sliding oil prices weaken the nation’s ability to defend its currency at a record low.


The Nigerian Stock Exchange All Share Index fell for a 10th day, bringing losses in 2014 to 13 percent, the most of 14 African gauges monitored by Bloomberg. Zimbabwe’s benchmark gauge is down 11.7 percent. The currency of Africa’s largest producer of oil declined a fourth day as OPEC members’ average crude price fell below $80 for the first time in four years.
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Nigeria Stocks Slide, Ousting Zimbabwe as Africa’s Worst

Bloomberg, July 26, Ghanadot - Nigerian stocks dropped, overtaking Zimbabwe as Africa’s worst performer this year, as sliding oil prices weaken the nation’s ability to defend its currency at a record low.

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Panama Papers reveal scale of offshore firms' African operations
Guardian, July 26, Ghanadot - More than 1,400 companies in the files of the offshore law firm Mossack Fonseca have names that indicate mining or resource extraction interests – raising fresh concerns about how tax havens can be used to exploit the natural wealth of the world’s poorest continent... .....More

Challenges For Black People

 Commentary, July 21, Ghanadot - Among the nation's most dangerous cities are Detroit, Chicago, St. Louis, Baltimore, Memphis, Milwaukee, Birmingham, Newark, Cleveland and Philadelphia. These once-thriving cities are in steep decline. What these cities have in common is that they have large black populations. Also, they have been run by Democrats for nearly a half-century ....More

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How China's trawlers are emptying Guinea's oceans
BBC, July 09, Ghanadot - Chinese fishing vessels operate illegally off the coast of Guinea, depleting its fish population and destroying marine life. Despite the economic and social consequences of illegal fishing, the Guinean government has failed to police its waters because it doesn't have money to operate surveillance equipment, as the BBC's Tamasin Ford reports......More

 

 
 

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