Business

LCCI laments risks to Nigeria’s economic position in Africa

The Lagos Chamber of Commerce and Industry (LCCI) has raised the alarm that Nigeria’s sustainability as largest economy on the African continent is currently being threatened by on-going macroeconomic challenges in the country. President of LCCI, Dr. Michael Olawale-Cole, made this known to New Telegraph in Lagos, saying that insecurity, coupled with myriad of problems, […]

News

2023: LCCI set to engage Atiku, Obi, Tinubu on economy

The Lagos Chamber of Commerce and Industry (LCCI) has disclosed plans to engage presidential aspirants contesting the 2023 presidential election on issues bordering on Nigerian economy. In a statement made available to New Telegraph yesterday in Lagos, and signed by the chamber’s Director-General, Dr. Chinyere Almona, LCCI noted that presidential candidates from major political parties […]

Business

LCCI, LASU sign MoU on entrepreneurship education

The Lagos Chamber of Commerce and Industry (LCCI) has signed a Memorandum of Understanding (MOU) with Lagos State University (LASU) to conduct diploma and post-graduate programmes in entrepreneurship studies. Speaking at the occasion in Lagos recently, the Director-General of the LCCI, Dr. Chinyere Almona, expressed joy over the partnership and said she was optimistic about […]

Business

LCCI reaffirms commitment to protect private enterprise

Concerned by the adverse effects of macroeconomic challenges, including COVID- 19, the Lagos Chamber of Commerce and Industry (LCCI) has reassured of its determination to dedicate resources and energy to consistently promote and protect private enterprise development, commercial and industry activities to foster global competitiveness of Nigerian economy. The President of LCCI, Dr. Michael Olawale-Cole, […]

Business

LCCI to FG: Be accountable on proposed annual N90bn telecoms tax

With one kobo per second, an equivalent of nine per cent new tax placed on phone calls, the Federal Government will generate not less than N90 billion yearly. The fund, according to government, will be used to finance free healthcare for the vulnerable people in the country. Since the announcement of the new tax, telecommunications […]

Business

LCCI, media practitioners seek paths to independent reporting

The Lagos Chamber of Commerce and Industry (LCCI) and media practitioners, including the Nigerian Institute of Public Relations (NIPR), have urged government at all levels to give media the chance to independently report the true situations around the country’s economy and security challenges as tools for national development. Those who spoke at the maiden edition […]

Business

LCCI chides NNPC, oil firms over harmful fuel import

The Lagos Chamber of Commerce and Industry (LCCI) has said that the news of importation of contaminated fuel into the country came as a rude shock to the organised private sector (OPS) and Nigerians in all ramifications. The Chamber has therefore urged the Federal Government to, as a matter of urgency, overhaul the country’s import […]

News

LCCI, economist: FG’s N2.3trn stimulus plan, others buffer for 3.40% GDP growth

Following the National Bureau of Statistics (NBS) announcement that Nigeria’s Gross Domestic Product grew by 3.40 per cent in 2021 year-on-year (YoY), the Lagos Chamber of Commerce and Industry (LCCI) and renowned economist, Dr. Muda Yusuf, have attributed the Federal Government’s projected N2.3 trillion spending under the Economic Sustainability Plan (ESP) stimulus plan as the […]

Business

Border closure: LCCI, MAN slam UK, others

The Lagos Chamber of Commerce and Industry (LCCI) and Manufacturers Association of Nigeria (MAN) have berated the United Kingdom and other countries for mounting pressures on Nigeria to close her borders. Other countries that are pressuring Nigeria over the omicron variant of COVID-19 are Canada, Saudi Arabia and Argentina. They explained that putting Nigeria on […]

Business

Nigeria’s 98% debt service to revenue ratio worrisome – LCCI

…says commitment taking huge toll on GDP …advises on sectors to boost revenue The Council of the Lagos Chamber of Commerce and Industry (LCCI) has raised serious economic concerns over Nigeria’s rising debt service payment, saying in half year 2021 alone, the country’s debt service to revenue ratio hit about 98 per cent, up from […]

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