The proposed 2024 budget of N27.5 trillion ($33.4 billion) is the biggest in the country’s history, representing 21.4% increase compared to N22.65 trillion in the previous year with strong focus on defence, internal security and job creation. It is commendable to note that the strategic objective of the expenditure policy is expected to tackle macro-economic…
The Lagos Chamber of Commerce and Industry (LCCI) wishes to commend the CBN Governor on his successful outing at the CIBN’s 58th Annual Bankers Dinner and the Grand Finale of the Institute’s 60th Anniversary. However, we are concerned about the state of the economy, particularly the volatile foreign exchange situation, high inflation, and general uncertainty….
Nigeria’s inflation continues its upward trend, rising to 27.33% in October from 26.72% in the previous month as released by the National Bureau of Statistics (NBS). This represents 0.61% points increase, reflecting higher food & fuel prices and the consistent depreciation of the Naira. The annual consumer price inflation soared by 6.24% points when compared…
