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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 Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to address the supply side variables impacting domestic prices.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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 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.
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.
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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.
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Former French president Nicolas Sarkozy briefly appeared in court on Monday to face trial on corruption accusations before judges suspended the hearings until Nov. 26 to assess the health of one of his co-defendants.
The Controller General, Nigerian Correctional Service (NCoS), Mr Ja’afaru Ahmed, says the Service has commenced its housing estate construction for staff nationwide.
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