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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.
Around 80% of the materials that go into Lagos-based diaper and sanitary towel manufacturer Wemy’s products are imported. To buy them, Paul Odunaiya needs dollars, which he can no longer find.
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 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.
In a dark ground-floor room in Lagos, dressmaker Kemi Adepoju gazes at a pile of dresses she has made but which cannot be collected due to the lockdown in force to slow the spread of the new coronavirus.
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.
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.
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 federal government will be using about 80 per cent of its revenue as interest payment on its debt which may rise to $104 billion should the National Assembly approve the request to borrow an additional $30 billion.
Nigeria’s Senate decision to approve 56 amendments in Finance Bill, an executive bill submitted by President Muhammadu Buhari, seeking an approval to raise tax rates payable by consumers and business entities to augment Federal Government’s declining cashflow, last week opened another pandora box of debate as to the fate of ordinary citizens when it eventually gets signed into law by the president in the days and weeks ahead.
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 32-year-old left Stamford Bridge at the end of his contract after a seven years at the club, with Chelsea only willing to offer him a two-year deal rather than the player’s desired three years.
Amaju Pinnick, President of the Nigeria Football Federation, says that he will try to implement the proposal made to retire the Jersey number six in honour of Samuel Sochukwuma Okwaraji, whose 31st anniversary of his death was marked on August 12. The soccer star died on active duty in 1989.
Nigeria on Thursday reported 373 confirmed new cases of the deadly coronavirus to bring the tally in the country to 48, 116 with 34, 309 recoveries and 966 deaths (10 new).
Popular Nollywood actress, Ruth Kadiri, has stated that voting in Nigeria should be stopped until it is expressly stated that death sentence should be given to politicians and public servants who misuse government funds.
Super Eagles head coach, Gernot Rohr, says that the Super Eagles are waiting for the approval of football governing body, FIFA, for the two friendly games proposed for next month in Austria.
Tottenham Hotspur are reportedly interested in Arsenal’s utility player and Emirates FA Cup winner Ainsley Maitland-Niles.
The 29-year-old is considered one of the world’s best centre-backs and was the subject of an €80 million bid from the Red Devils in 2018, which Napoli president Aurelio De Laurentiis sensationally turned down.
Fighters linked to Islamic State seized control of a northern Mozambican port town that’s been a key logistics link for a $23 billion natural-gas project that Total SE is building, according to Risk Advisory Group.
The Peoples Democratic Party has accused the former national chairman of the All Progressives Congress Adams Oshiomhole of allegedly deploying security agents to take over the Edo State House of Assembly.
Sevilla midfielder Lucas Ocampos headed a late goal to snatch a 1-0 win over Wolverhampton Wanderers as they reached the Europa League semi-finals on Tuesday.