'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...
LCCI, MAN, Others Kick As CBN Raises Lending Rate To 13%
The Lagos Chamber of Commerce and Industry (LCCI), Manufacturers Association of Nigeria (MAN) and the Nigerian-American Chamber of Commerce (NACC) have criticised the hiking of the monetary policy rate by the Central Bank of...
Nigeria’s Debts May Hit N45trn In Q4 2022, LCCI Predicts
The Lagos Chamber of Commerce and Industry (LCCI) has predicted that Nigeria’s total debts was expected to hit N45.86 trillion by December 2022.
According to the President, LCCI, Mr. Michael Olawale-Cole, who spoke at a press...
LCCI To FG: Enforce Ban On Foreign Drinks
The Lagos Chamber of Commerce and Industry has urged the Federal Government to protect domestic manufacturers from unfair competition by foreign companies in the face of the high cost of production that will be triggered by the...
CBN’s Strategies To Save Naira Failing - LCCI
The Lagos Chamber of Commerce and Industry has said that the Central Bank of Nigeria’s effort to save the naira is only redirecting forex transactions to third parties, increasing pressure on the exchange rate.
President of LCCI, Mrs...
Naira Depreciation Threatens Economy’s Outlook - LCCI
The continuing depreciation of the naira is affecting business activities and threatening Nigeria’s corporate outlook with wide implications for the economy, the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Aloma has said.
In an interview, Almona lamented...
