LCCI COMMENTS ON THE CBN CIRCULAR ON PAYMENT FOR FORM M, LETTERS OF CREDIT, AND OTHER FORMS OF PAYMENT

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…

LCCI Holds Conference on Government’s Interventions

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,…