LCCI SEEKS BETTER INTERFACE BETWEEN REGULATORY AGENCIES, SMES The Lagos Chamber of Commerce and Industry (LCCI) is seeking direct and effective engagements between Small and Medium Enterprises (SMEs) and regulatory agencies for enhanced transactions, communication and responsive feedback mechanism. Dr Muda Yusuf, Director-General, LCCI, made this known in a press statement made available to the…
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%;…
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…
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…
The news of the confirmation of Dr Mrs Ngozi Okonjo Iweala as the Director General of the World Trade Organization [WTO] was received by the LCCI with great excitement. There is no question that it is an appointment that is very well-deserved having regard to her pedigree, impeccable credentials, intellectual depth, and robust experience…
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…
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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…
LCCI PRESS RELEASE ON THE ECONOMIC IMPLICATIONS OF ENDSARS PROTESTS Oct 20, 2020 The Lagos Chamber of Commerce and Industry (LCCI) wishes to express its condolences to the families of all who have lost their lives through the brutal actions of the police and all those who have suffered in one way or the other…
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…