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LCCI 2019 Economic Review and Outlook for 2020
The global Gross Domestic Product (GDP) growth of 3% in 2019 was the lowest output growth in a single year since 2011 and below the 10 years (2001-2010) average of 3.9%…
LCCI 2022 Third Quarter Press Conference
Deputy President, Lagos Chamber Mr. Gabriel Idahosa, FCA Vice Presidents here present Director General, LCCI Distinguished Gentlemen of the Press, It is once again elating to have you all here today for the third quarterly press conference in 2022. At these conferences, we review major developments in the economy in the preceding quarter and communicate…
LCCI STATEMENT ON MONETARY POLICY RATE HIKE BY THE CENTRAL BANK OF NIGERIA
The recent hike in the Monetary Policy Rate (MPR) by the Monetary Policy Committee of the Central Bank of Nigeria (CBN) from 11.5% to 13% was well expected by the Lagos Chamber following recent fundamentals in the economy. The Chamber has also noted the trend around the rising inflation rates across many economies globally. It…