Nigeria

Shell, Eni Charged With Corruption In Billion Dollar Nigerian Oil Deal

In this Thursday, March 24, 2011 photo, oil is seen on the creek water’s surface near Ogoniland, outside Port Harcourt, in Nigeria’s Delta region. (AP/Sunday Alamba)
(REPORT) — Italian prosecutors have charged oil giants Shell and Eni with international corruption offences, as the companies struggle with the fallout from their controversial 2011 purchase of an oil licence in Nigeria.

BRICS growth steady but Brazil falters – IMF

Global economic growth will hit 3.4 per cent in 2017, the IMF said, but the world’s second-largest economy will grow by only 6.5 per cent in 2017 [Xinhua]
China’s fiscal stimulus has helped edge its GDP growth upward, the International Monetary Fund said on Monday, but India’s domestic consumption retreated in the face of demonetization and pushed economic growth down.