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Recession: The worse may be possibly over – Lagos chamber

The Lagos Chamber of Commerce and Industry (LCCI) says the nation’s economic contraction of 3.62 per cent of the third quarter against the 6.1 per cent of the second quarter of the year may indicate that the worst is over.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Lagos chamber advises central bank on tackling inflation

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to address the supply side variables impacting domestic prices.

Fasttrack domestic refining capacity to end unstable petrol pricing – LCCI chief

The Lagos Chamber of Commerce and Industry (LCCI) says accelerated domestic refining and processing of petroleum products would end the unstable petroleum pricing in the country, Dr Muda Yusuf, Director-Genera of the Chamber, said in an interview with newsmen on Saturday in Lagos.
Abike Dabiri-Erewa

Nigerian government mulls evacuating traders from Ghana

The federal government said on Thursday that it will not hesitate to bring back its traders from Ghana if that will bring a lasting solution over the protracted business row.
Zainab Ahmed

Nigeria’s recession will be short-lived – minister

This came as the Federal Government, yesterday, said despite the N2.3 trillion Economic Stimulus Plan put in place to contain impact of the Coronavirus (COVID-19) pandemic on the economy, there is the possibility that the third quarter, 2020 (Q3’20) Gross Domestic Product, GDP, growth rate will be negative, while the economy will relapse into a recession.

NIPOST: Lagos chamber wants regulatory framework reviewed

The Lagos Chamber of Commerce and Industry (LCCI) has called for the review of the regulatory framework of the Nigerian Postal Service (NIPOST) in the interest of the Nigerian economy, business continuity, private sector development and job creation.
Mrs Toki Mabogunje, President LCCI said this at the Chamber’s second quarterly briefing on the state of the economy on Tuesday in Lagos.

Lagos chamber educates private sector on post coronavirus economy

The Lagos Chamber of Commerce and Industry (LCCI) has advised organised private sector to leverage creativity and innovation to rebuild a competitive economy post-COVID-19.

LCCI asks NNPC to back up reformed petroleum downstream sector with law

The Lagos Chamber of Commerce and Industry (LCCI) has charged the Nigerian National Petroleum Corporation (NNPC) to consummate its process of reforming the petroleum downstream sector with an appropriate legislative framework, stating that with the legal framework, the reform would not be like the previous dead initiatives.

LCCI releases economic outlook for 2020

The Lagos Chamber of Commerce and Industry (LCCI) has projected a high cost of doing business in 2020.
Governor of Lagos State, Mr. Babajide Sanwo-Olu, has promised the support of his administration for creative industry with a view to making the sector achieve a sustainable economic status. 8

Lagos governor woos Chinese investors at trade fair

Gov. Babajide Sanwo-Olu of Lagos State on Monday assured Chinese investors of ample business opportunities in the state that would be mutually beneficial to both Nigeria and China.

LCCI: Insecurity, policy somersault bleeding Nigeria’s economy

The Lagos Chamber of Commerce and Industry (LCCI) has raised the alarm that uncertainty in the country’s business environment is not only posing risk for investors in the country but also costing the economy billions of Naira in losses.

NAICOM: Insurance firms’ total assets hit N1.3 trillion

The total asset of 58 insurance companies as at 2018 stands at N1.3 trillion, Acting Commissioner, National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas has said.
Closed Nigerian border without any activity

LCCI: Losses to border closure colossal

The Lagos Chamber of Commerce & Industry (LCCI) has frowned at the disruptions and losses that businesses and individuals have suffered as a result of the border closure. It said corporates, large number of informal sector players and individuals doing legitimate businesses across the borders have become victims of the new directive.

Entrepreneur faults central bank export proceeds repatriation policy

Former President of Small and Medium Enterprise Group (SMEG) of the Lagos Chamber of Commerce and Industry (LCCI), Mr Jon Tudy Kachukwu, has said faullted six months export proceeds repatriation policy of the Central Bank of Nigeria (CBN).

Lagos chamber faults merger of finance, budget ministries

The Director-General, Lagos Chamber of Commerce and Industry, LCCI, Mr. Muda Yusuf, has faulted the merger of Finance, Budget & Planning ministries, and advised that fixing the economy should be paramount on the agenda of the newly inaugurated federal cabinet.

Lagos chamber: Central bank lending rate will normalise credit market, economic growth

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.

Lagos Chamber expresses worry over SON’s interception of containers on highways

The Lagos Chamber of Commerce and Industry has expressed concern over reports of interception of containers on the highways by the officials of Standards Organisation of Nigeria.

Expert: Fish smuggling affecting local production

An expert in the aquaculture industry and former Chairman of the Lagos Chamber of Commerce and Industry (LCCI) Agriculture Sector, Prince Wale Oyekoya, has urged the government to adopt effective measures towards curbing fish smuggling.

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NITDA begins third phase capacity training for on e-Government

The National Information Technology Development Agency (NITDA) has commenced the third phase of virtual strategic capacity building training for Federal Public Institutions (FPI) in Abuja.
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Zaidu Sanusi named in Champions League Team of the Week

Porto defender Zaidu Sanusi has been named in the UEFA Champions League Team of the Week for matchday four.
Nigerian National Petroleum Corporation (NNPC)

NNPC, Shell, Total donate to Nasarawa infectious disease centre

The Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC) as well as Total have donated equipment to Nasarawa State government as part of their effort in curtailing the spread of COVID-19 pandemic in the state.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC raids Abuja newspaper office over ‘fraud’

The Pilot Newspapers officers in Wuse Zone 5 were searched by anti-graft officials who have been investigating a case of alleged fraud against a someone associated with the newspaper.
The Inspector General of Police (IGP), Mohammed Adamu, on Tuesday said that 1,590 suspects have been arrested across the country in respect of the #EndSars protest which turned violent after it was hijacked by hoodlums.

#EndSARS: Police chief tasks officers not to shy away from dealing with criminals

The Inspector-General of Police, Mohammed Adamu, on Thursday enjoined police officers across the country not to shy away from dealing with criminal elements in the country.