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Lagos Chamber of Commerce and Industry
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.
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.
Varied reactions greeted Friday’s roll-out of guidelines for Lagos State post-lock down businesses re-opening by Governor Babajide Sanwo-Olu.
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.
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.
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.
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 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.
The Lagos Chamber of Commerce and Industry (LCCI) rated the latest 2.27 per cent Gross Domestic Product (GDP) growth recorded in the nation’s economy as sluggish and incapable of creating jobs and lifting millions of Nigerians out of the poverty trap.
Ahead of the implementation of the African Continental Free Trade Agreement (AfCFTA) in July, the Nigeria’s industrial sector has identified the need for the country to address current market challenges to ensure its gets benefits of the agreement.
Barring any last minute change of mind, the Senate may have resolved to summon stakeholders in the electricity sector over the proposed unilateral increase in electricity tariffs.
Lagos Chamber of Commerce and Industry (LCCI) has charged the Federal Government to go for a holistic reform of the nation’s power sector instead of embarking on tariff increase as being proposed.
Prices of four food items including tomatoes, yam, rice, agric eggs and local eggs increased by 7.8 per in November data from the National Bureau of Statistics have shown.
As the Federal Government says there is no terminal date for the reopening of the borders with its West African neighbours, the organised private sectors have said that exporters and businesses will continue to suffer.
The Indigenous People of Biafra (IPOB) has condemn the continued appointment of chairman of the Economic and Financial Crimes Commission (EFCC) from the northern part of the country.
The Lagos State Government (LASG) says it will start a five-week intensive training on July 13 for no fewer than 450 young entrepreneurs on the use of coconut waste in arts and craft.
Police operatives attached to the Intelligence Response Team (IRT), Ogun State Annex, have successfully rescued an American citizen who was confined in a Lagos hotel where she was held against her wish for over a year.
Operatives of the Nigeria Police Cybercrime Unit, INTERPOL National Central Bureau (NCB), Abuja, have arrested three suspects; Samson Inegbenesun, 30; Blessed Junior, 32 and Muhammed Zakari, 36, all male from Uromi in Edo State, for cyber-related offences including advance fee fraud, money laundering and romance scam. The suspects were arrested in Uromi, following investigations into suspected fraudulent online procurement and supply of COVID-19 protective mask, received through the INTERPOL NCB Wiesbaden, Germany.
The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has allegedly been accused of turning EFCC into 'glorified police station' for alleged selfish motives.
Not less than 13 soldiers of 198 battalion were killed Tuesday along Damboa-Maiduguri highway in Borno State when they ran into an ambush laid by Boko Haram/ISWAP terrorists.
Katsina United goalkeeper Mustapha Aliko has confirmed his departure from the club after canceling his contract with the team.
An Ado-Ekiti Chief Magistrates’ Court on Friday remanded a 20-year-old man, Kehinde Oke, in a correctional centre for allegedly robbing one Prof. Micheal Ige of his valuables in his residence.
The Minister for Sports and Youths Development, Mr. Sunday Dare has disclosed plans have reached an advanced stage to have Nigeria sports back on stream post-COVID-19.
Katsina State Government has debunked the alleged misappropriation of N40 billion in the last five years of the administration, describing it as frivolous and unfounded.