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%…
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LCCI COMMENTS ON THE LABOUR STRIKE
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…
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…