Naira exchange rate depreciation, others frustrated MSMEs in 2020—LCCI
Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, has opened up on issues that negatively shaped business activities in the Nigerian informal sector of the economy across the ending year 2020. Unveiling the Chamber’s Economic…
Nigerian importers kick against surcharge on Cargoes by foreign shippers
…Says surcharge is economic sabotage, insensitive, says Shippers’ Council Tension is mounting at the nation’s sea ports where importers who are groaning under huge surcharge imposed on them by the international shipping firms on cargoes imported from across the world…
MAN, LCCI rue 2.55% growth, identify three drawbacks of GDP in Nigeria
Even though Nigerian government officials and a section of financial analysts are upbeat that Nigerian economy has overtaken South Africa considering its current technical recession status, the leadership of both the Manufacturers Association of Nigeria (MAN) and the Lagos Chamber…
LCCI seeks NCC’s support in hosting 2020 ICTEL Expo in Lagos
The Lagos Chamber of Commerce and Industry (LCCI), has sought the partnership and collaboration of the Nigerian Communications Commission (NCC) for the successful hosting of this year’s edition of the Information Communication Technology and Telecommunications (ICTEL) Expo. Vice President of…
Continued border closure killing manufacturing in Nigeria—MAN cries out
Contrary to the recent contestable claims that border closure has shut up import activities at Nigerian ports to the extent seaports now records as high as N11bn revenue daily, the Manufacturers Association of Nigeria (MAN) has decried that the continued…
We may approach Court on Demurrage if.., Says importers
Barring last minute change of mind or workable solution, there are strong indications are emerging that some importers may approach the Court to seek stoppage to demurrage charges on grounds of delays form the Standards Organisation of Nigeria (SON) in…
Finding solution to risks in raising banks’ Loan to Deposit Ratio
In developing economies, the key to socio-economic growth is access to finance, but the challenge is to increase loans to individuals and SMEs without suffering the fall-out of bad debt. Few months ago, the Central Bank of Nigeria (CBN) increased…
Expect high cost of doing business in 2020—LCCI Outlook
For business operators crying for high cost of doing business in the ending year, the Lagos Chamber of Commerce and Industry (LCCI) has projected a high cost of doing business in 2020. The Chamber’s Economic Review and Outlook For 2020…
Fidelity Bank has carved a niche in growing MSMEs in Nigeria—Rusewe
…As GMD explains targets of GAIM Season 4 promo President of the Lagos Chamber of Commerce and Industry (LCCI), Babatunde Ruwase, Wednesday, described Fidelity Bank Plc as clear leaders in supporting the activities of Micro, Small and Medium Enterprises (MSMEs)…
$15bn investment, Nigeria’s competitiveness under threat over new d’water royalty
Contrary to high hopes that the emerging regime of increased deepwater royalty payable by oil majors to the Federal Government will amass revenue for the economy, international oil companies (IOCs) plus their local allies under the aegis of the Oil…
