Nigeria plans to more than double the contribution of manufacturing to its economy in the next three years through policy stimulus and investments, Trade and Investment Minister Olusegun Aganga said. “We will increase manufacturing from an abysmal 4 percent of the gross domestic product to over 10 percent by 2017,” […]
World News
Monthly Economic and Market Review: January in Retrospect
GLOBAL IMF forecasts stronger global growth in 2014 and 2015 World output grew 2.9% in 2013 from 3.2% in 2012 according to the recent IMF report on World Economic Outlook (WEO) released on January 21, 2014. Global activity strengthened during the second half 2013, driven by higher inventory demand in […]
U.S. Banks Ease Loan Standards in Fed Survey as Demand Rises
Banks in the U.S. saw increased demand from businesses and consumers for lending and in turn made those loans more readily available, according to a Federal Reserve report. “Domestic banks, on balance, reported having eased their lending standards on many types of business and consumer loans and having experienced increases […]
