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LCCI STATEMENT ON SUBSIDY REMOVAL PROTEST
The Lagos Chamber of Commerce and Industry is particularly concerned by the call to arm by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) via ‘peaceful’ protests. The Chamber is reasonably worried the ‘peaceful’ protests being experienced as a result of the fuel subsidy removal may be taken advantage of by hoodlums and…
LCCI STATEMENT ON THE HOLIDAY TRANSPORTATION INITIATIVE
The Lagos Chamber of Commerce and Industry (LCCI) acknowledges and responds to the recent pronouncement by President Ahmed Bola Tinubu regarding a significant discount on luxury bus travel and free train services across the country during the upcoming holiday season. His initiative, aimed at providing relief to citizens grappling with the escalating cost of transportation,…
LCCI’S STATEMENT ON THE INCESSANT INCREASE OF THE CUSTOMS DUTY RATE
The Customs Duty Rate, being the rate with which Customs evaluate imports to arrive at duties to pay, is normally affected by the prevalent exchange rates against the Naira. In recent weeks, we have seen the Naira suffer a hit against the major currencies, falling to as low as N1,900 against the Dollar and N2,250…
