Press Release

Excise Duty On Basic Item

PRESS RELEASE   COMMENTS ON GOVERNMENT’S PLAN TO IMPOSE/INCREASE EXCISE DUTY RATES ON LOCALLY PRODUCED GOODS   The government recently commenced the enforcement of the approved amendment to the excise duty rates for alcoholic beverages, spirits and tobacco in Nigeria. However, we are worried over the move to extend the duty to cover several other basic items….

Press Release

FIRS Press Release

COMMENTS ON THE FREEZING OF BANK ACCOUNTS OF ALLEGED TAX DEFAULTERS BY FIRS The attention of the Lagos Chamber of Commerce and Industry [LCCI] has been drawn to the recent decision of the Federal Inland Revenue Service [FIRS] to appoint banks as collecting agents and subsequent freezing of the accounts of taxpayers considered to be…

Press Release

2018 Budget Delay: Issues And Impact

Introduction On the 16th of May 2018, the National Assembly passed a budget of N9.12 trillion for the 2018 fiscal year. This budget represents a 6 percent increase over the N8.61 trillion budget proposal presented by President Muhammadu Buhari on the 7th of November 2017 before a joint session of the National Assembly. It also…

Press Release

Lcci Elects Ruwase As President

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 elected Mr. Babatunde Paul Ruwase as President for the next two years. This followed the expiration of Dr. Mrs. Nike Akande’s tenure, having meritoriously served the Chamber in the…

Press Release

LCCI Holds Annual Security Meets Business Dialogue

The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and one of the leading voices in the organised private sector (OPS) in Nigeria has concluded plans to host its annual Security Meets Business Dialogue. As part of its public-sector engagement programs, the Lagos Chamber of Commerce and Industry initiated the “Security meets…