Shrinking Of Economy: Experts Warn Of Mass Poverty, Predict Recession In Q3
The Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, has said that the Nigerian economy will slide into a technical recession in the third quarter of 2020.
Rewane who spoke with one of our...
LCCI, Expert Worry As Debt Profile Increases By 127%
Stakeholders in the economy have expressed worry over the capacity of the country to service its rising debt profile.
In an interview with our correspondent, the Director-General, Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, said...
Forex Uncertainty Worries Businesses As CBN Retains 12.5% Interest Rate
The Central Bank of Nigeria on Monday retained the country’s benchmark interest rate or Monetary Policy Rate at 12.5 per cent.
It also held all other monetary policy parameters constant, as the bank stated that its...
LCCI Demands One-year Tax Holiday For Healthcare Firms, Manufacturers
Given the devastating blow coronavirus has dealt businesses in the past five weeks, business owners in the country have demanded one-year tax break among others from the government to enable them to recover.
This was contained in...
Petrol Subsidy Removal, A Game-changer — LCCI
The Lagos Chamber of Commerce and Industry has said the decision by the Nigerian National Petroleum Corporation to put an end to fuel subsidy will be a game-changer for the oil and gas sector and the economy.
The Director-General,...
LCCI Seeks Suspension Of 50% VAT, Others Increment
The Lagos Chamber of Commerce & Industry (LCCI) has called on the Federal Government to, among other things, suspend the implementation of the 50 per cent increase in Value Added Tax (VAT) till the end of the...
