
Similar Posts
LCCI COMMENTS ON SECOND QUARTER GDP REPORT
The Lagos Chamber of Commerce & Industry notes with concern the decline in national output in Q2-2020. According to the GDP report by the National Bureau of Statistics, the economy contracted by a record 6.1 percent in the second quarter, and this marks the steepest quarterly contraction in Nigeria’s recent economic history. The contraction in…

LCCI Comments on the Outcome of the CBN Monetary Policy Committee Meeting
The Lagos Chamber of Commerce (LCCI) notes the outcome of the Central Bank of Nigeria [CBN] Monetary Policy Committee (MPC) meeting of Friday, January 24, 2020. The Chamber welcomes and aligns itself with the concerns expressed by the MPC on the following: Rising debt profile and the associated sustainability concerns. The use of Debt-to-GDP ratio…
Excise Duty On Basic Item
PRESS RELEASE COMMENTS ON GOVERNMENT’S PLAN TO IMPOSE/INCREASE EXCISE DUTY RATES ON LOCALLY PRODUCED GOODS The government recently commenced the enforcement of the approved amendment to the excise duty rates for alcoholic beverages, spirits and tobacco in Nigeria. However, we are worried over the move to extend the duty to cover several other basic items….

THE LCCI NEW YEAR STATEMENT ON THE ECONOMY 2023.
Introduction The Lagos Chamber, in fulfilling its role as an economic thinktank and an advocacy body reviews the economy at regular intervals through various events, platforms, and on various private sector issues. The Chamber, in 2022, considered various issues as they emerged looking at how these issues affected the business community and made very useful…

LCCI 2019 Economic Review and Outlook for 2020
The global Gross Domestic Product (GDP) growth of 3% in 2019 was the lowest output growth in a single year since 2011 and below the 10 years (2001-2010) average of 3.9%…

CUSTOMS APPEAL MECHANISM
LAGOS CHAMBER OF COMMERCE AND INDUSTRY URGENT NEED FOR AN INDEPENDENT DISPUTE RESOLUTION FRAMEWORK BETWEEN THE CUSTOMS SERVICE AND THE BUSINESS COMMUNITY Managing disputes with the Nigeria Customs Service on matters of product valuation and harmonized system of product classification is one of the most distressing encounters experienced by investors in the Nigerian economy. A…