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LCCI RESPONSE TO CBN MONETARY POLICY RATE INCREMENT
The Lagos Chamber of Commerce and Industry (LCCI) notes with concern the recent decision by the Central Bank of Nigeria (CBN) to raise the Monetary Policy Rate (MPR) by 50 basis points, bringing it from 26.25% to 26.75%. Following the 296th Monetary Policy Committee (MPC) meeting, this increment comes amid escalating inflation and surging food…
LCCI CAUTIONS ON RISING COSTS, WEAK FDI DESPITE INFLATION RELIEF
The Lagos Chamber of Commerce and Industry (LCCI) notes with mixed feelings the latest data from the National Bureau of Statistics (NBS) on inflation and capital importation. While headline inflation has eased for the fourth consecutive month and capital inflows rose significantly in Q1 2025, the details reveal persisting structural weaknesses that continue to weigh…
