We refer to the Central Bank of Nigeria [CBN] circular of 24th August which directs that Form M for Letters of Credit, Bills for Collection and other forms of payment should only be opened in favour of the ultimate supplier of a product or service. While the Lagos Chamber of Commerce appreciates the efforts of…
27 August, 2020; Lagos, Nigeria: The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice of the organised private sector (OPS) in Nigeria has concluded plans to host a virtual conference on Federal Government’s economic interventions and the way forward for the economy. The conference, according to LCCI,…
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…
