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Lagos Chamber of Commerce and Industry

The Lagos Chamber of Commerce and Industry (LCCI) said that the Nigerian economy has lost over N700 billion to the #EndSARS protests over the last 12 days.

#EndSARS protests: Nigeria loses N700 billion in 12 days – Lagos Chamber

The Lagos Chamber of Commerce and Industry (LCCI) said that the Nigerian economy has lost over N700 billion to the #EndSARS protests over the last 12 days.

Lagos Chamber backs subsidy removal, appeals to NLC on industrial action

The Lagos Chamber of Commerce and Industry (LCCI), has said that a reversal of the current reforms on subsidy of Premium Motor Spirit (PMS) would exacerbate the challenges of the already faltering Nigerian economy.

Presidency: Food prices are coming down

The Presidency on Friday says the prices of food items in the country are dropping as a result of the agricultural reforms of the regime of President Muhammadu Buhari.
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.

Lagos Chamber set to interrogate Nigerian government’s economic interventions

Against the backdrop of the COVID-19 pandemic, the Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to host a virtual conference on the economic intervention initiatives of the federal government with a view to charting the way forward.
Vice President Yemi Osinbajo.

Nigerian government will use part of N2.3 trillion ESP stimulus as buyer of last...

The Federal Government will use part of the N2.3 trillion stimulus package to purchase locally produced items as buyer of last resort in line with its Economic Sustainability Plan, according to Vice President Yemi Osinbajo, SAN.

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.
Lagos State Governor, Mr Babajide Sanwo-Olu has appointed Dr. Emanuella Zamba as the new Acting General Manager for Lagos State Health Management Agency LASHMA.

Lagos governor approves N1 billion seed capital for hospitality business

Lagos State Governor Babajide Sanwo-Olu has approved N1billion seed capital for investment in tourism as a loan. Sanwo-Olu announced the approval on Wednesday, at the 6th Lagos Corporate Assembly, held at the Banquet Hall in the State House, Alausa, Ikeja.

Lagos Chamber laments untapped agricultural sector

The chamber stated that Africa’s largest country by market size is gradually getting the attention of international investors keen to maximize profits from the country’s vast natural resources such as fertile land and export crops including sesame seeds, cashew nuts, cocoa beans, groundnut, rubber, timber, yam and sorghum among others.

Lagos, LCCI task stakeholders on agribusiness opportunities

The Lagos State Government and the Lagos Chamber of Commerce and Industry (LCCI) have charged farmers and all stakeholders in the agricultural sector on the need to explore the numerous opportunities that abound in agribusiness.
The Lagos State Governor, Babajide Sanwo-Olu, has directed the reopening of markets on selected days in the state.

Mixed reactions trail Lagos guidelines on re-opening economy

Varied reactions greeted Friday’s roll-out of guidelines for Lagos State post-lock down businesses re-opening by Governor Babajide Sanwo-Olu.
Mr Bayo Olugbemi has been sworn in as the 21st president-chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).

Bayo Olugbemi sworn in as new CIBN president

Mr Bayo Olugbemi has been sworn in as the 21st president/chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

2020 budget: OPS backs proposed $20 oil price benchmark

Members of the organised private sector (OPS) and some analysts have hailed the plan by the federal government to further review downward the oil price benchmark in the 2020 budget to $20 per barrel.
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.

Coronavirus: Stakeholders differ on impact of Nigeria’s central bank stimulus

Stakeholders in the organised private sector (OPS) have expressed divergent views on the use monetary intervention to mitigate the impact of the global Coronavirus (Covid-19) pandemic on businesses in Nigeria.
A new Chinese coronavirus, a cousin of the SARS virus, has infected hundreds since the outbreak began in Wuhan, China, in December.

Coronavirus: Manufacturers, importers, others lament impact of disease on Nigerian economy

With the Coronavirus (Covid-19) outbreak in China, there are indications that the country’s agro-allied, manufacturing sectors and dealers on various products have put on hold the importation of several production raw materials, consumable items coming from China.

Saudi’s oil price war may push Nigeria’s economy into recession

Saudi Arabia’s launch of an aggressive oil price war targeting its biggest rival producers after Russia refused to join production cuts with OPEC, will hit the economy of weaker oil-dependent producer like Nigeria particularly hard, as it has little scope to increase output and less ability to borrow to plug budget shortfalls.

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President Muhammadu Buhari

#EndSARS: President Buhari sends ministers to home states

President Muhammadu Buhari has sent his ministers to their home states in a move to douse tensions that resulted from the #ENDSARS protests, the crisis that succeeded them and then sell the Federal government’s decision to ensure police reforms and other issues the youths raised.
(FILES) In this file photo taken on April 09, 2019 Brazilian football great Edson Arantes do Nascimento, known as Pele, arrives at Guarulhos International Airport, in Guarulhos some 25km from Sao Paulo, Brazil. – Brazilian football legend Pele “lives reclusive” and “suffers from a form of depression” because he cannot walk normally, his son revealed on Monday at Globoesporte.com. (Photo by NELSON ALMEIDA / AFP)

Pele: Cristiano Ronaldo better than Lionel Messi but i’m greatest player ever

Brazilian legend Pele has claimed that Cristiano Ronaldo is better than Lionel Messi but insisted that he is still the greatest footballer of all time.
As the #EndSARS protests turn violent in different parts of the country, a Methodist Bishop, Dr Sunday Onuoha, has called on the demonstrating youths not to take the laws into their own hands.

#EndSARS: Methodist Bishop sues for peace

As the #EndSARS protests turn violent in different parts of the country, a Methodist Bishop, Dr Sunday Onuoha, has called on the demonstrating youths not to take the laws into their own hands.
Some hoodlums have vandalised the Plateau State Secretariat, the Plateau Publishing Company (PPC), publishers of the Nigerian Standard Newspaper, and the State Water Board, all located in Jos.

Hoodlums vandalise Plateau secretariat, others

Some hoodlums have vandalised the Plateau State Secretariat, the Plateau Publishing Company (PPC), publishers of the Nigerian Standard Newspaper, and the State Water Board, all located in Jos.

Gunmen kill two, abduct six in Katsina

Gunmen suspected to be bandits have killed two people and abducted six others in Faskari Local Government Area of Katsina State.