The Risk of Not Knowing How to Invest

“Simpler, Safer Investing: How NOT to Lose Money, Over 110 Years of Investing History Cannot be Wrong”

Many people are missing the chance to earn boundless profits in the stock market. This could be for many reasons: some people don’t know how to invest or where to start, many are intimidated by investing, and some may be too reluctant to ask simple questions. For these reasons and more, many people pass on the opportunity to gain financial freedom and unlimited earning potential on their investments in the stock market. But there is help!

Sherwin Presley Brown has more than three decades of experience with investing and providing expert financial advice. He has collected his sure-fire and common-sense ideas into one book you ought to own. Brown will show you how to never lose money in the market. Never. Guaranteed! You will learn secrets from some of the most successful investors in the world. You will learn how a $40 one-time investment compounded via dividends to a whopping

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Nigeria may lose N985bn oil revenue this year

PriceWaterhouseCoopers, one of Nigeria's top auditing firms, has come out with damning report where it said that the nation could lose as much N985 billion in revenue if the oil revenue shortfall continues, going by the oil pricewww.perobcity.blogspot.com average of $55 barrels per day, and the  recent oil production trends in the country.

PwC’s economists, in a new report published on Wednesday, said this financing hole could widen to about $10 billion in the event of a re-emergence of Iran oil production in the second quarter of the year as price is expected to hit a low point of $35 per barrel, slowly recovering to an average of $45 per barrel.

The firm's report says a significant debt issuance and cuts to recurrent expenditure would be needed, adding that state governments could struggle to borrow from the financial markets to pay their workers.

According to the report, some highly-indebted states may miss planned interest payments on their debts.

If oil production falls by 15 per cent through bunkering and other supply disruptions, gross oil revenues will fall to a third of the 2013 level (about $43bn), it stated.

The report adds:

"Combined with difficulties of administering tax collection from unstable parts of the country, we would expect the Federal Government to fall over three months behind on paying employee wages and government bond yields on US dollar-debt could approach 20 per cent."

They said that they expected that if the oil price continued to stabilise, the Central Bank of Nigeria’s recent adjustment of the exchange rate regime would be sufficient to ease pressure on the naira this year.

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Nigeria earns N2.8trn from petroleum products in 3 months

According to the National Bureau of Statistics, the Nigerian economy has been boosted with additional amount of money from exportation of oil.

More money is coming into the Nigerian economy
(CBN)

According to a data released by the National Bureau of Statistics (NBS), Nigeria earned N2.838 trillion from the export of petroleum products in the first quarter of 2015.
The amount is 64.18 per cent of the Federal Government’s 2015 budget of N4.425 trillion.
The NBS, in its Foreign Trade Statistics for the first quarter of the year, stated that the export of petroleum products accounted for 87.86 per cent of Nigeria’s total merchandise export of N3.23 trillion in Q1.
Giving a breakdown of the petroleum products export, the NBS disclosed that crude oil emerged the highest exported commodity in the quarter under review, valued at N2.251 trillion, representing 69.7 per cent of the country’s total export.
The value of the country’s crude oil export in the first quarter of 2015 represents an appreciation of 0.54 per cent when compared against N2.239 trillion recorded in the preceding quarter. The amount is, however, a decline of 30.4 per cent from total crude oil export of N3.234 trillion recorded in the first quarter of 2014.

 

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Finance Ministry gives breakdown of how N6.21trn of Excess Crude funds was shared

It has now been revealed how the the Federal and state governments in Nigeria shared a total of N6.21 trillion accrued from the Excess Crude Account in the last four years.

The report was published by the Federal Ministry of Finance, putting the amount given to the Federal Government at N3.29 trillion while the 36 states and the

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Pope Francis and Nigeria

Pope Writes to Nigerian Bishops

Coincidence? We don’t think so . . .
As the Good Friday Twins began their appeal to the Holy Father, Pope Francis was writing a letter of encouragement to the Nigerian bishops and echoing the themes of Pope St. John Paul II’s post-synodal exhortation  Ecclesia in Africa.
In part, Pope Francis wrote, “Nigeria, known as the ‘African giant’, with its more than 160 million inhabitants, is set to play a primary role, not only in Africa but in the world at large.  In recent years, it has experienced robust growth in the economic sphere and has again reasserted itself on the world stage as an attractive market, on account of its natural resources as well as its commercial potential.  It is now considered officially the single largest African economy.  It has also distinguished itself as a political player widely committed to the resolution of c

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