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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.
Men count Nigerian naira banknotes at a livestock market, ahead of Eid al-Adha, amid the spread of the coronavirus disease (COVID-19), in Abuja, Nigeria July 29, 2020. REUTERS-Afolabi Sotunde

Starved of dollars, Nigerian businesses struggle for survival

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.
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.
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.

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.
Kemi Adepoju, a dressmaker, sews a dress with a sewing machine in her shop amid the spread of the coronavirus disease (COVID-19) in Lagos, Nigeria April 5, 2020. REUTERS-Seun Sanni

Lockdowns: Saving lives, but ruining livelihoods in Africa

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.

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.

Lagos Chamber: Nigeria’s growth rate can’t address job, poverty crisis

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.
Passengers queue to board a bus provided by the government as a palliative to cushion the effect of the ban of motorcycle taxis at the Ojodu Terminal in Lagos, on February 6, 2020. PHOTO - PIUS UTOMI EKPEI - AFP

Motorcycle taxi ban brings Lagos to a halt

Even before a sudden controversial ban on motorcycle taxis and tricycles in Nigeria's commercial capital, Lagos, crippling traffic jams were a daily ordeal for its more than 20 million inhabitants.

Lagos chamber calls for ‘holistic’ reform of power sector

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.

LCCI releases economic outlook for 2020

The Lagos Chamber of Commerce and Industry (LCCI) has projected a high cost of doing business in 2020.

Yuletide: Prices of yam, others increase by 7.8 percent

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.
Along with Benin, Niger, which shares a 1,500-kilometre (900-mile) border with Nigeria, has been badly hit by the closure of Nigeria’s border.

Border closure: Businesses’ll continue to suffer – OPS

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.

$30 billion borrowing: Debt service to gulp 80 percent of federal government’s revenue

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.
President of the Senate, Ahmad Ibrahim Lawan (left) with the Senate Minority Whip, Senator Philip Tanimu Aduda, during the plenary on Tuesday, November 19, 2019. 5

Labour, OPS slam senate, federal government over finance bill

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.

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.

LCCI: Border closure will affect Lagos trade fair

Organisers of the annual Lagos International Trade Fair, the Lagos Chamber of Commerce and Industry (LCCI), have said the land border closure with Nigeria’s neighbours will likely affect the 10-day event.

LCCI carpets clamp down on auto dealers

The Lagos Chamber of Commerce & industry (LCCI) has berated the Nigerian Customs Service (NCS) for clamping down on auto shops nationwide.

Recent Stories

Chelsea winger Willian is ‘upset and offended’ by the way his career with the club has ended, the UK Sun reports.

Arsenal to sign Willian Saturday

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.
Samuel Okwaraji

NFF president assures late Samuel Okwaraji’s jersey number will be retired

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.
A medical worker wearing personal protective equipment (PPE) takes a swab sample from a man, as South Africa starts to relax some aspects of a stringent nationwide coronavirus disease (COVID-19) lockdown in Diepsloot near Johannesburg, South Africa, May 8, 2020. REUTERS/Siphiwe Sibeko/File Photo

Nigeria’s coronavirus cases top 48, 000

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.

Actress Ruth Kadiri wants voting abolished in Nigeria

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 has warned his players to utilize all their chances in today’s Africa Cup of Nations semifinal clash against Algeria at the Cairo International Stadium.

Super Eagles awaits FIFA’s approval for September friendlies –  coach

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.