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October, 22, 2016

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Business > Africa
The Russian plane crash in Egypt has forced hotels in Sharm el-Sheikh to send dozens of staff on "unpaid leave" as tourist numbers plunge, with tens of thousands of jobs at risk within months.
African telecom giant battles Nigeria over fine
Africa's biggest telecommunications company is locked in a nasty battle in powerful Nigeria, with billions of U.S. dollars at stake.
Nigeria will start selling and buying oil and gasoline directly to cut out middlemen and curb graft, the new managers of the Nigerian National Petroleum Corp. announced Tuesday night.
Nigeria looks set to unbundle a long-awaited oil law to speed up its passage through parliament, potentially unlocking billions of dollars in frozen investments.
The International Monetary Fund (IMF) is pressing Nigeria to further devalue its naira currency amid uncertainty over the political and economic outlook for Africa's biggest oil producer and economy.
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