Showing posts with label International Monetary Fund. Show all posts
Showing posts with label International Monetary Fund. Show all posts

Friday, 4 July 2014

Strong consumer spending seen amid Nigeria’s uncertainty

Unilever Nigeria Plc, which manufactures, detergents and toothpaste said consumer spending will continue to hold firm in Africa’s largest economy, despite uncertainty from an Islamic insurgency in the north and elections due by February.
“We will see some growth in consumer spending this year, in spite of the turbulence in the market and a certain degree of sales depression in some regions,” managing director Yaw Nsarkoh, said in an interview yesterday at an investment conference in Lagos.
“While the country faces some short term issues, we have a

Thursday, 3 July 2014

Dow Jones Industrial Average hits 17,000 for first time

The Dow Jones Industrial Average - a US stock index made up of some of the biggest global firms - has hit 17,000 for the first time.
On Thursday, investors pushed shares higher after a better-than-expected jobs report showed the US economy added 288,000 jobs in June.
Overall, low interest rates have led investors to pour money into stocks in an effort to make a profit.
That has pushed US indexes - including the S&P 500 - to new highs in 2014.
On Wednesday, the Dow closed at