December 29, 2022/CSL Research The House of Representatives yesterday passed the 2023 appropriation bill. The total budget was increased to N21.82tn compared with N20.51tn earlier presented by President Muhammadu Buhari. A breakdown of the budget shows an allocation of N967.5bn for statutory transfers, N6.6tn for debt servicing, N8.3tn for recurrent […]

December 29, 2022/United Capital Research The Nigerian inflationary environment worsened in 2022 as we saw increased price pressures throughout the year, with the headline inflation crossing the 20.0% y/y region in Aug-2022 for the first time since 2005. Following a year of moderated price increases influenced by the high base […]

December 28, 2022/CSL Research Many Nigerians were faced with what can be termed a gloomy Christmas due to the continuous rise in the prices of essential goods and services. The current petrol scarcity also resulted in a spike in intra-state and inter-state transport fares, compounding the pains of the masses […]