Bloomberg Nigeria’s central bank first tried to induce lenders into giving more credit through incentives such as discounted capital. That didn’t work. Now, it is reaching for the stick in a push to revive economic growth. Banks in Africa’s most populous country are reluctant lenders in an economy struggling to rebound from a 2016 contraction, double-digit inflation and non-performing loan ...

Bloomberg Bjorn Kjos, a pioneer of low-cost travel as co-founder of Norwegian Air Shuttle ASA, is stepping down as chief executive officer after making progress toward resolving the carrier’s debt crisis. Kjos, who helped found Norwegian in 1993 and led its rapid growth, will leave the post immediately, the company said in a statement. Chief Financial Officer Geir Karlsen will ...

Bloomberg Walmart Inc is facing a strike by thousands of workers in South America amid the retail giant’s push to increase automation at its physical stores. About 17,000 Walmart workers in Chile went on an indefinite strike after labour talks between the company and the union failed. As many as 124 of the retailer’s 375 stores across the country closed ...