Nigeria

Things are going from bad to worse for the Global X MSCI Nigeria ETF (Global X Funds (NYSE: NGE)). Already a laggard performer among single-country emerging and frontier markets exchange-traded funds this year, the lone ETF dedicated to stocks in Africa's largest economy is enduring more...

Andela is a two-year-old company that offers the people of Africa the opportunity to learn how to develop software. According to the company's own website, it selects the top 1 percent of tech talent from the African continent and then shapes them into "world-class technical leaders" before being...

After the close of U.S. markets Tuesday, index provider MSCI Inc (NYSE: MSCI) released its annual market classification. Most investors awaiting the MSCI news were focusing on the index provider's decision on whether or not to include China A-shares in its emerging markets benchmarks, but there...

Maybe oil is not hampering the Global X MSCI Nigeria ETF ( Global X Funds (NYSE: NGE) at all — not with the United States Brent Oil Fund, LP (NYSE: BNO) being up 23.8 percent year-to-date and NGE being the only exchange-traded fund dedicated to equities in Africa's largest oil-producing...

There are seven single-country, exchange-traded funds dedicated to members of the Organization of Petroleum Countries (OPEC). With the exception of three ETFs tracking Indonesia, which recently rejoined OPEC, other OPEC ETFs have been drab performers. That is particularly true of the Global X MSCI...

The Global X MSCI Nigeria ETF (Global X Funds (NYSE: NGE)) has lost nearly a third of its value over the past year thanks in large part to the country's status as Africa's largest oil producer and a member of the Organization of Petroleum Exporting Countries (OPEC). Nigeria As An Oil...

U.S. President Barack Obama addressed the 54 member states of the African Union on Tuesday in the Ethiopian capital of Addis Ababa. He is the first U.S. leader to visit the pan-African government. During his speech, Obama reprimanded the continent's leaders for their corrupt policies and frequent...

Halfway around the world, the Nigerian presidential election has been decided after three days of collecting and tallying the votes. It is being reported that former military leader Muhammadu Buhari has won by defeating current president Goodluck Jonathan. This marks the first time an incumbent...

Stocks were hard on the gas this week as major indices such as the SPDR S&P 500 ETF Trust (NYSE: SPY) broke out to new highs. This breakout was preceded by a multi-week sideways price trend that ultimately resolved to the upside in favor of the bulls. One of the more notable areas of the...

Falling oil prices have wreaked havoc on producing nations like Russia and Nigeria, but importing nation Japan has seen crude’s recent slide as an opportunity to boost sales and get its economy back on track. Three such Japanese sectors set to benefit are explored below. 1. Auto Industry...

ETF Outlook for the Week of May 5, 2014 Global X Nigeria Index ETF (NYSE: NGE) The World Economic Forum is being held in Nigeria this week, which should be an honor and boost for the country. Unfortunately, a horrible kidnapping of over 200 girls--who remain missing--and a car bomb in the...

U.S. stocks declined for the third straight day in another trading session in which Internet, social media, biotechnology and momentum stocks sold off. The Dow suffered another triple-digit point loss while the three major indices each saw declines greater than one percent. The timing of the...

Although Royal Dutch Shell (NYSE: RDS-A) is selling four oil blocks in Nigeria, it is firmly committed to its position in the energy industry in Africa. Along with Exxon Mobil (NYSE: XOM) and others, the company has strongly opposed proposed protective legislation in South Africa that would...