2012 Appropriation Act Breakdown
The 2012 budget which was passed into law on Friday 13th 2012 by President Goodluck Jonathan has a reduced total spending of N4.697 trillion ($29.81 billion) from N4.88 trillion proposed by the parliament last month with the spending plans based on oil price at $72 benchmark.
The breakdown of the total budget allocations according to Ministries and various government agencies can be viewed in the links below.
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240412: NSE ASI inches up by +0.35% as rally continues
The bulls continue to dominate market activities to further extend its gaining streak as the rally witnessed on the main board enters its sixth day due to continuous bargain activities while market breadth improved significantly as against previous outlook amid slightly improved market turnover.
Nevertheless, the key benchmark indices sustained uptrend as sentiments remained unchanged, taking supports majorly from Small CAP stocks which was particularly driven by ASHAKACEM while Medium CAP stocks also contributed to the outlook recorded today due to continuous bargain activities witnessed in Consumer Goods, Financial Services and Oil & Gas sectors.
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Article: Capital Market
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Quick Poll
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Should the market believe the CBN Governor on Pensions Scam and role of Banks?
-No, how did the CBN supervision and money laundering system not detect this?
-Yes, he intends to take action as their names are in the public domain
-No, It does not really matter, banks always facilitate corruption.
-Yes, because he needs to stop possible de-marketing activities designed as news reportage.
-Indifferent, the trust deficit in our institutions is too far gone now to bridge.
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