World News

How Global Cities are Driving the Global Economy

May 27, 2015/MasterCard Today, Ajay Banga is speaking at the Chicago Forum on Global Cities. The Forum brings together global leaders for a multidisciplinary discussion on how they can collaborate to make their cities more economically vital, socially inclusive and environmentally livable. Joining Ajay on the panel “Global Cities Driving the […]

Nigeria’s Amcon Recovers 57% of Bad Debts Bought in Crisis

May 25, 2015/Bloomberg The Asset Management Corp. of Nigeria said it has recovered 57 percent of the bad debts it took on five years ago to rescue banks in Africa’s largest economy from collapse. “We’re a little bit behind, but not too far behind, what we expected,” Chief Executive Officer […]

Nigeria fuel shortages hit telecoms, banking and aviation

Mon May 25, 2015/Reuters Chronic fuel shortages in Nigeria brought phone firms, banks and flights to a standstill on Monday, just four days before Muhammadu Buhari’s inauguration as president of Africa’s biggest economy and top oil exporter. Besides airlines, which could not obtain aviation fuel, phone companies such MTN and […]