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Nigeria Has Become Africa's Money-Losing Machine Kenneth Rapoza Senior Contributor Markets I write about business and investing in emerging markets. In five years, the Nigeria ETF has blown up, now down over 74.5%. Equity investment between 2013 and 2018 has fallen from around $2.9 billion in 2013 to just $139 million in 2018. Fire from a pipeline explosion in Nembe, Nigeria. The image serves as a partial testament to oil-and-gas-rich Nigeria’s failure to improve its energy infrastructure.   photo credit: ASSOCIATED PRESS Want to lose money in one of Africa’s biggest markets? Put it to work in Nigeria. Despite sitting on nearly 40 billion barrels of proven oil reserves and over $48 billion worth of investment opportunities in the oil and gas sector, Africa’s largest economy is mired in problems with big corporate investors as president Muhammadu Buhari readies his second-term after a swearing-in ceremony scheduled for May...

Must Read! TEN Business Opportunities in Africa That Can Make You A Millionaire In 2016! Posted by Admin ‘The best place to find gold is to look where it has been found before.’ The opportunities in this article have created some of the biggest successes Africa has ever seen. If you want to increase your chances of building a successful business or finding the right investment, these opportunities could make your dream come true. Let’s meet them… 1.    Media and Entertainment Africa’s film industry has become a global and cultural phenomenon that enjoys a huge following within and outside the continent. The industry serves an audience that’s hungry for African stories of love, drama, intrigue, comedy, redemption, action and more. It’s no surprise that Africa’s film industry is currently the third largest in the world behind Hollywood and India’s “Bollywood”. ‘ 30 Days in Atlanta ‘ is a Nigerian romantic comedy film that was released in late 2014. Africa...