NIGERIA CUSTOMS SERVICE: IMPERATIVE OF URGENT REFORMS

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…

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

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,…

PRESS BRIEFING ON THE STATE OF THE ECONOMY BY THE PRESIDENT OF LCCI MRS TOKI MABOGUNJE, HELD ON WEDNESDAY 5TH MAY 2020

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 &…

COVID 19: BUSINESS AND ECONOMIC SUSTAINABILITY PROPOSITIONS

COVID 19: BUSINESS AND ECONOMIC SUSTAINABILITY PROPOSITIONS

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…