LCCI, ACCI, Raise Concerns As Buhari Seeks Approval For Fresh $6.1bn Loan       The Abuja Chamber of Commerce and Industry and the Lagos Chamber of Commerce and Industry have both raised concerns over the rising debt profile of Nigeria following Buhari’s request that the Senate should...

N120bn Petrol Subsidy To Double As CBN Adjusts Exchange Rate       As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions to lock horns with the...

Trade Deficit Increases To $2.51bn After Border Reopening         Nigeria’s exports declined while imports increased in January despite the opening of the land borders. Nigeria’s trade deficit rose from $1.69bn in December 2020 to $2.51bn as of the end of January 2021 despite the reopening of the...

Nigeria’s Capacity To Service Debt Very Weak - LCCI       The Director-General of the Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, says Nigeria’s debt profile is unsustainable. Yusuf said this in an interview with Channels TV. The video of the interview was posted on the television...

LCCI, NEXIM Bank Seek Policies To Grow Non-oil Exports       The Director-General, the Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf, and Managing Director of the Nigerian Export-Import Bank (NEXIM), Abba Bello, have called on the government to create policies that would increase the...

LCCI To CBN: Review Policy On Repatriation Of Export Proceeds     It has become imperative for the Central Bank of Nigeria to review its policy on repatriation of export proceeds, the Lagos Chamber of Commerce and Industry has said. Director-General of LCCI, Dr Muda Yusuf, said this...