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...

Insecurity Crippling Economy, Worsening Unemployment – LCCI         The Lagos Chamber of Commerce and Industry has said the insecurity challenge in the country is crippling economic activities and making the unemployment rate worse. At the chamber’s 2021 edition of the Security Meets Business Conference in Lagos, the...

Nigeria Faces Serious Debt Sustainability Risk - LCCI       The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns that Nigeria faces serious fiscal sustainability risk over its national debt profile. LCCI noted that the country’s debt-to-GDP ratio, which the government is using as a measure...

Nigeria To Witness Positive Economic Recovery In Q2, 2021 - LCCI       The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the economy in the second quarter of 2021. Its President, Mrs Toki Mabogunje, addressing reporters at the first...

Exporters, Importers’ Woes Worsening At Ports - LCCI       Port operations at Apapa and Tincan ports have worsened the plight of many importers, exporters, traders, and manufacturers as movement in and out of the ports remain a challenge, the Lagos Chamber of Commerce and Industry said...

Oil Contributes 81% To N2.99trn Q3 Exports - NBS       Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion Q3 2020 export earnings, data released by the National Bureau of Statistics (NBS) yesterday showed. With the figure, crude’s share of...