Inflation: LCCI Urges FG to Cut Taxes on Basic Items The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to cut taxes on basic food items to mitigate the effect of rising inflation on the most vulnerable Nigerians. LCCI made the...

LCCI, NUPENG Knock FG Over Subsidy Removal, $800m Palliative Loan   The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over the $800 million loan the Federal Government has secured to cushion the effect of premium motor spirit (PMS) subsidy removal on poor Nigerians,...

360% Increase In Public Debt Worrisome - LCCI   The Lagos Chamber of Commerce and Industry has said that it was worried about the 360.4 per cent increase in Nigeria’s public debt from N10.04tn in 2013 to N46.25tn in 2023. In a statement signed by its Director-General,...

'Recession, Hyperinflation Likely In 2023'   The Lagos Chamber of Commerce and Industry (LCCI) has said that economic conditions across regional blocs show that a recession or a significant slowdown of growth in 2023 is likely owing to spiralling inflation, high energy cost, monetary policy tightening,...

Inflation, Forex, Debt Killing Economy - LCCI   The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of Nigeria’s growing debt burden, inflationary pressure as well as the worsening foreign exchange crisis in order to save...

'Interest Rate May Rise Above 30%'   Average interest rates to end-users may rise above 30 per cent in future as banks begin to adjust lending rates to the new Monetary Policy Rate (MPR). The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) last week increased...