Nigeria has reimposed foreign exchange controls reminiscent of restrictions last seen during military rule in the mid-1990s, as the government reverses key market reforms to cope with pressure caused by the global economic crisis.
Borse Dubai, a government-owned exchanges group, is expected to finalise a $2.5bn loan. The company, which controls Dubai’s two equity markets and has stakes in the London Stock Exchange and Nasdaq, needs to pay off a $3.4bn loan.
