The Presidency on Tuesday denied having hand in the invitation of the
Deputy Senate President, Senator Ike Ekweremadu, by the police over the
forgery of the senate rule.
Tuesday, July 7, 2015
Nigeria:Bailout funds not from $2.1b in ECA – AGF. the Nation
The Accountant-General of the Federation, Alhaji Ahmed Idris, said on
Tuesday the bailout funds for states were not deducted from the $2.1
billion in Excess Crude Account.
He said the cash was sourced from the accrued Company Income Tax (CIT) realized from the Liquefied Natural Gas (LNG). The fund was put at N359, 374,355, 607.60.
He said the funds in Excess Crude Account were intact and the administration of President Muhammadu Buhari was yet to touch it.
He said the cash was sourced from the accrued Company Income Tax (CIT) realized from the Liquefied Natural Gas (LNG). The fund was put at N359, 374,355, 607.60.
He said the funds in Excess Crude Account were intact and the administration of President Muhammadu Buhari was yet to touch it.
Stocks usually go up: Business insider
As of Tuesday, the S&P 500 was down for the year, hitting it's lowest level since early March.
But as for where stocks finish this year, maybe you shouldn’t worry just yet.
JPMorgan Asset Management just published its new quarterly markets guide, and one of the things they show is that stocks usually go down within calendar years, but more often than finish the same year higher.
The chart below shows that over past 35 years, the S&P has had positive annual returns in 27 — or 77% — of those years. But in 19 of those year, the peak-to-trough move has been in excess of 10%.
So, while stocks are selling off amid uncertainty in the markets, we could still see 2015 end with positive returns — in fact, we're more than likely to.
But as for where stocks finish this year, maybe you shouldn’t worry just yet.
JPMorgan Asset Management just published its new quarterly markets guide, and one of the things they show is that stocks usually go down within calendar years, but more often than finish the same year higher.
The chart below shows that over past 35 years, the S&P has had positive annual returns in 27 — or 77% — of those years. But in 19 of those year, the peak-to-trough move has been in excess of 10%.
So, while stocks are selling off amid uncertainty in the markets, we could still see 2015 end with positive returns — in fact, we're more than likely to.
What's happened to the auto markets in Russia and Argentina is terrifying Read more:businessinsider
Morgan Stanley's auto research team has published its May 2o15 Global
Auto Databook and for the most part, it's packed with information about
how strongly the global auto industry has recovered since the financial
crisis.
However, two countries stand out for the collapses that their auto markets have endured.
In 2011, Russia saw 39% growth in auto sales, according to Morgan Stanley. In 2012, that number ebbed, to +11%. Then it went rapidly south, with 2014 witnessing a 13% contraction in sales. Morgan Stanley predicts that 2015 will be worse: -15%. The Russian market then returns to a 5% estimated positive growth rate in 2016 and beyond.
However, two countries stand out for the collapses that their auto markets have endured.
In 2011, Russia saw 39% growth in auto sales, according to Morgan Stanley. In 2012, that number ebbed, to +11%. Then it went rapidly south, with 2014 witnessing a 13% contraction in sales. Morgan Stanley predicts that 2015 will be worse: -15%. The Russian market then returns to a 5% estimated positive growth rate in 2016 and beyond.
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