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Muda Yusuf

TUC, LCCI applaud Senate for approving N30,000 minimum wage

The Trade Union Congress (TUC) yesterday applauded the Senate for approving N30,000 as new minimum wage.

LCCI decry exclusion of textile from Forex

The Lagos Chamber of Commerce and Industry (LCCI) says the exclusion of all forms of textile materials from the foreign exchange market pose a threat to the N5 trillion fashion industry.

Election postponement: LCCI, MAN lament disruption to economy, losses

The Lagos Chamber of Commerce and Industry (LCCI) and Manufacturers Association of Nigeria (MAN) said the postponement of elections by the Independent National Electoral Commission (INEC) has disrupted the economy causing colossal losses.
Ladi Lawanson

LASG, LCCI to train motorists on driving skills to reduce carnage

The Lagos State Ministry of Transportation says it will begin the training of motorists on driving skills to reduce carnage in the state.

Lagos Chamber urges World Bank to review Ease of Doing Business indicators

The Lagos Chamber of Commerce and Industry (LCCI) said the World Bank needs to review the indicators for composition of the Ease of Doing Business Index to reflect the reality of each country.

Lagos chamber set to interact with governorship candidates

The Lagos Chamber of Commerce and Industry has announced that it is set to host yet another edition of private sector interaction with governorship candidates in Lagos State.

LCCI: Falling oil prices pose risk to forex market, new minimum wage

The Lagos Chamber of Commerce and Industry (LCCI) has warned that the declining global oil prices pose a risk to stability in the foreign exchange market and may threaten the ongoing negotiation on the new minimum wage.

LCCI kicks against Nigeria Postal Commission Bill

The Lagos Chamber of Commerce and Industry has urged the National Assembly to halt the progression of the Nigeria Postal Commission Bill currently before it.
Lagos Akinwunmi Ambode

Akinwunmi Ambode: Lagos committed to industrial growth

Lagos State Governor, Akinwunmi Ambode, has pledged to continue formulating and implementing policies and programmes that would consolidate the state’s position as the industrial and commercial hub of Nigeria.

LCCI mulls talks on ECOWAS integration, Nigerian traders in Ghana

The Lagos Chamber of Commerce and Industry (LCCI) is set to hold a roundtable on the Economic Community of West African States (ECOWAS) integration and challenges faced by Nigerian traders in Ghana.

Federal government urged to allow complete private sector participation in power sector

Some stakeholders on Thursday urged the Federal Government to allow private investors’ full operation of the power sector in order to boost effectiveness and enhance economic growth.

Operators back new central bank real sector support facility

Some private sector operators have said the real sector support facility (RSSF) introduced by the Central Bank of Nigeria (CBN) will help boost investment and provide low cost funding for businesses.

Expert tasks central bank on tight monetary policy regime

The Director General, Lagos Chamber of Commerce and Industry, Mr. Muda Yusuf, has called on the Central Bank of Nigeria to relax the tight monetary policy regime in the country in order to spur domestic investments and consumer’s spending.

LCCI: FIRS freezing bank accounts of tax debtors is damaging

The Federal Inland Revenue Service (FIRS) has started writing to banks to freeze the accounts of tax defaulters to prevent affected parties from withdrawing from such accounts.

Experts urge federal government to revive refineries to reduce fuel import

Experts, on Wednesday, called on the Federal Government to urgently revamp the nation’s refineries and create an enabling environment for private investment in refineries to curb the rising importation of petroleum products.

DisCos: New power policy’ll raise tariff by 14 percent

The Eligible Customer policy introduced by the Federal Government in the power sector will lead to a 14 per cent increase in the electricity tariff payable by residential consumers across the country, power distribution companies have said.

Power woes hit Nigeria’s football fans

Football-loving Nigerians had more than one reason to groan about the country's opening World Cup game: not only did they lose 2-0, many weren't even able to see the whole match.

Lagos chamber calls for review of import duty, customs administration

The Lagos Chamber of Commerce and Industry (LCCI) has called for the review of import duty and Customs administration as part of the ongoing tax reform towards enhancing ease of doing business in the country.

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INEC lists condition to issue Governor Okorocha senator’s return certificate

Independent National Electoral Commission (INEC) on Friday insisted that it would not issue the governor of Imo State, Rochas Okorocha, of the All Progressives Congress (APC) a return certificate as an elected senator unless a court of competent jurisdiction gives the order.
Ademola Adeleke

Osun elections: Senator Adeleke, PDP petition against Governor Oyetola lacks merit – tribunal

The Osun State Governorship Election Petition Tribunal sitting in Abuja has held that the petition filed by the candidate of the Peoples Democratic Party (PDP), Isiaka Adeleke, and the PDP, challenging the victory of the All Progressives Congress (APC) and Governor Gboyega Oyetola at the September 2018 governorship election, lacked merit.

157,631 candidates for mock UTME

The Joint Admissions and Matriculation Board says candidates who have yet to receive notification for its Mock Unified Tertiary Matriculation Examination (UTME) might not have indicated interest at the point of registration
Joe Utomi

Joe Utomi: Agriculture now alternative to oil in many nations

Joe Utomi, the Commissioner for Agriculture and Natural Resources in Delta, has said that the dwindling fortunes in the global oil market has forced many oil-producing nations to turn to agriculture as alternative source of revenue.
Scott Morrison

Australian premier denies fostering culture of Islamophobia

Australian Prime Minister, Scott Morrison, has denied that he tried to stoke fears about Muslim immigration during a party room meeting in 2010.