Press Release

COMMENTS ON MPC OUTCOME

LCCI COMMENTS ON THE MONETARY POLICY COMMITTEE OF THE CENTRAL BANK OF NIGERIA’S DECISIONS AT MARCH 2021 MEETING The Lagos Chamber of Commerce and Industry notes the decision of the Monetary Policy Committee of the Central Bank of Nigeria to retain policy parameters during its March 2021 meeting with Monetary Policy Rate [MPR] at 11.5%;…

Press Release

CUSTOMS APPEAL MECHANISM

LAGOS CHAMBER OF COMMERCE AND INDUSTRY URGENT NEED FOR AN INDEPENDENT DISPUTE RESOLUTION FRAMEWORK BETWEEN THE CUSTOMS SERVICE AND THE BUSINESS COMMUNITY Managing disputes with the Nigeria Customs Service on matters of product valuation and harmonized system of product classification is one of the most distressing encounters experienced by investors in the Nigerian economy.  A…

Press Release

AfCFTA, key driver for Africa’s economic recovery post COVID-19- Secretary-General

AfCFTA, key driver for Africa’s economic recovery post COVID-19- Secretary-General Mr Wamkele Mene, Secretary General, Africa Continental Free Trade Area (AfCFTA) has described the AfCFTA as a driver for Africa’s recovery from the impacts of the coronavirus pandemic.He said it would drive recovery from impacts of the pandemic on the continent’s industralisation growth and development…

Press Release

COMMENTS ON THE APPOINTMENT OF DR. NGOZI OKONJO-IWEALA AS THE NEW DIRECTOR GENERAL OF THE WORLD TRADE ORGANIZATION

The Lagos Chamber of Commerce & Industry heartily felicitates with Nigeria on the appointment of Dr Ngozi Okonjo-Iweala as the Director General of the World Trade Organization (WTO). It is a great delight being the First Female and First African to head the WTO since its formation in 1995 [replacing the General Agreements on Tariffs…

Press Release

LCCI ANNOUNCES NEW DATE FOR LAGOS INTERNATIONAL TRADE FAIR, SUPPORTS “PROTECT LAGOS” CAMPAIGN

29 October, 2020; Lagos, Nigeria: The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, has postponed the 2020 edition of the Lagos International Trade Fair. According to the Chamber, the fair which will feature both physical (In-person) and virtual…

Press Release

NIGERIA CUSTOMS SERVICE: IMPERATIVE OF URGENT REFORMS

LAGOS CHAMBER OF COMMERCE AND INDUSTRY   PRESS RELEASE NIGERIA CUSTOMS SERVICE: IMPERATIVE OF URGENT REFORMS Customs processes and procedures for the clearance of cargo at the ports is one of the biggest challenges currently faced by the business community.  It is severely hurting investors and adversely affecting economic recovery efforts.  The situation calls for…

Press Release

LCCI COMMENTS ON THE LABOUR STRIKE

The LCCI notes with concern the proposal by the Nigeria Labour Congress [NLC] and the Trade Union Congress [TUC] to proceed on strike from Monday 28th September 2020.  The LCCI appreciates the perspective of the labour unions with regards to the pains and hardship that the recent price hikes in petrol and electricity will inflict…