The Lagos Chamber of Commerce and Industry (LCCI) have urged the Central Bank of Nigeria (CBN) to remove the foreign exchange restrictions for importing 43 products in their list. This was revealed at the chamber’s quarterly State of the Economy…
The Lagos Chambers of Commerce and Industry (LCCI) has called on the Federal Government to halt over $5 billion paid as freight to foreign ship owners. In a letter addressed to President Bola Ahmed Tinubu, the President of the Chamber, Dr. Michael…
The Lagos Chamber of Commerce and Industry (LCCI) has commended the efforts of the Federal Government in formulating policies, national plans, and sectoral interventions toward creating an enabling environment for enhanced national prosperity. President, LCCI, Dr Michael Olawale-Cole in a statement…
Chairman, Power Sector Group, Lagos Chamber of Commerce and Industry (LCCI), Mr Martins Arogie has hinted that a downward review of current prices of Premium Motor Spirit (PMS) also known as petrol is dependent on the improvement in the value…
Manufacturers and industrialists have urged the Federal Government to take urgent steps to address their concerns and derisk the impact of fuel subsidy removal on the real sector. They spoke in an interview with the journalists on Tuesday in Lagos.…
by Omolola Dede Adeyanju The Monetary Policy Committee (MPC) of the CBN, in its May 2023 Meeting, again hiked the benchmark interest rate by 50 basis points to 18.5% from 18.0%. It, however, retained the asymmetric corridor at +100 and…
The Lagos Chamber of Commerce and Industry (LCCI) mourns the demise of its Honorary Life Vice President, Otunba Michael Olasubomi Balogun, CON. “His life, accomplishments, and indomitable spirit have left an indelible mark on the world. His influence spanned continents…
By Oluwaseun agunsola, Omolola Dede Adeyanju The Lagos Chamber of Commerce and Industry (LCCI) has taken note of the Federal Government’s decision to delay the petrol subsidy removal. This was communicated by the National Economic Council (NEC), stating that the…
By Oluwaseun ogunsola The Lagos Chamber of Commerce and Industry (LCCI) has said that major factors causing setback is the high inflation rate of goods and services. Urged the Federal Government to sustain a targeted Intervention in selected sectors in…
The Lagos Chamber of Commerce and Industry (LCCI) on Tuesday urged the Federal Government to tread cautiously in raising tax rates in an attempt to shore up its revenue in 2023. Dr Michael Olawale-Cole, President, LCCI, gave the charge at…
