Press Release

Mr. Muda Yusuf, Director General of the Lagos Chamber of Commerce & Industry,Distinguished guests from the Press and the media,Ladies & Gentlemen, Good morning to all,It is a true pleasure to welcome you all here today at the Lagos Chamber of Commerce & Industry, which has...

Over the last 59 years the Nigerian economy has transformed from a basically agrarian economy to an economy driven largely by resources from the oil and gas sector. The 2019 first quarter GDP data shows that the non-oil sector accounts for 90.9% of the GDP...

The Lagos chamber of Commerce and Industry (LCCI) commends the setting up of the Economic Advisory Council by President Muhammadu Buhari, GCFR. This is a welcome development which will help to give the desired direction to the nation’s economic management. The stature, pedigree and the...

3 September, 2019; Lagos, Nigeria: The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organized private sector (OPS) in Nigeria, is set to hold the 2019 edition of its annual Members’ Day Exhibition and Networking...

LCCI, ICRC PARTNER TO DEEPEN SOCIAL INVESTMENT IN AFRICA11 September, 2019; Lagos, Nigeria: The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organized private sector (OPS) in Nigeria is in collaboration with the International Committee...

The commitment of the CBN to the backward integration agenda of the Federal Government is laudable. However, it is important that in seeking to achieve this objective, the sequencing and strategy must be right. The policy will do more harm than good, both to investors...

THE NEW LENDING POLICY OF THE CBNThe new lending policy for deposit money banks which prescribes a minimum Loan Deposit Ratio of 60%, effective 30th September 2019 is a move in the right direction. The focus of the policy on SMEs, Retail, Mortgage and...