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…
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…
The Company and Allied Matters Act [2020] was assented to by President Muhammadu Buhari, GCFR on Friday 7th August 2020. The legislation and the subsequent assent were widely applauded by the business community. However, six weeks after, the legislation is yet to be gazetted. The implication of this is that the formal copy of the…
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…
PRESS BRIEFING ON THE STATE OF THE ECONOMY BY THE PRESIDENT OF LAGOS CHAMBER OF COMMERCE & INDUSTRY, MRS. TOKI MABOGUNJE, HELD ON WEDNESDAY, 5TH MAY 2020 AT COMMERCE HOUSE, VICTORIA ISLAND, LAGOS Protocols Deputy President, Lagos Chamber of Commerce & Industry Asiwaju [Dr] Michael Olawale-Cole, CON Deputy President, Lagos Chamber of Commerce &…
CONVID 19: BUSINESS AND ECONOMIC SUSTAINABILITY PROPOSITIONS The Covid-19 pandemic has raised serious concerns about economic sustainability and business continuity, both of which are interdependent and mutually reinforcing. It has become imperative to commence conversations about policy measures and reforms that need to happen for the realization of desired continuity outcomes. The government should be…
COVID-19 RESPONSE: LCCI DONATES FOOD AND MEDICAL SUPPLIES TO LAGOS STATE 5 April, 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 donated food and medical supplies to the Lagos State Government. The donation, according…
REMARKS OF THE SECRETARY TO THE GOVERNMENT OF THE FEDERATION, MR. BOSS MUSTAPHA, AT THE 4TH EDITION OF SECURITY MEETS BUSINESS ORGANIZED BY THE LAGOS CHAMBER OF COMMERCE AND INDUSTRY AT COMMERCE HOUSE, VICTORIA ISLAND, LAGOS, TUESDAY, 25TH FEBRUARY, 2020 PROTOCOLS I thank you very much for inviting me to this auspicious…