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LCCI praises CBN over MPR reduction

LCCI praises CBN over MPR reduction

The Lagos Chamber of Commerce and Industry (LCCI) has commended the Central Bank of Nigeria (CBN)  for  reducing the Monetary Policy Rate (MPR) by 50 basis points from 14 per cent to 13.5  per cent. Its Director-General, Mr. Muda Yusuf in a statement said the action aligned with the clamour of the private sector. He […] …

LCCI: AfCFTA is game-changer

LCCI: AfCFTA is game-changer

Signing the African Continental Free Trade Area (AfCFTA) agreement will be an economic game-changer for Nigeria, the Lagos Chamber of Commerce and Industry (LCCI) President Mr Babatunde Ruwase has said. The AfCFTA, signed in Kigali, Rwanda on March 21, last year, is a trade agreement between 49 African Union (AU) member states (excluding Nigeria), with […] …

One year after, AfCFTA seeks last ratification to kick off agreement

A year after the agreement establishing the African Continental Free Trade Agreement (AfCFTA) was presented for signature, along with the Kigali Declaration and the Protocol on Free Movement of Persons, Right to Residence and Right to Establishment, implementation of the agreement remains delayed over the inability to achieve required number of ratifications. Twenty-two (22) ratifications […]
The post One year after, AfCFTA seeks last ratification to kick off agreement appeared first on The Guardian Nigeria News – Nigeria and World News. …

LCCI: VAT hike’ll compound business woes

LCCI: VAT hike’ll compound business woes

The Lagos Chamber of Commerce and Industry (LCCI) Director-General, Mr. Muda Yusuf, has warned against the upward review of Value Added Tax (VAT) as a means of funding the national minimum wage. He said the development would create further problem for the business community and compound already operating environment challenges. Acording to him, the way […] …

LCCI Asks FG To Reconsider FOREX Policy On Textile Industry

    The Lagos Chamber Of Commerce and Industry (LCCI) says that the recent pronouncement by the Central Bank of Nigeria (CBN), on the exclusion of all forms of textile materials from the forex market has ‘grave implications’ for businesses in the fashion, tailoring, and garment industry in the country. In a statement signed by … Continue reading LCCI Asks FG To Reconsider FOREX Policy On Textile Industry …

LCCI advises Buhari on economy,others

LCCI advises Buhari on economy,others

The Lagos Chambers of Commerce and Industry (LCCI) yesterday, set an agenda for President Muhammadu Buhari’s second coming, listing security, economic management philosophy, funding of government operators, economic integration, visa policy and rail infrastructure among others as key priority areas the government must focus its attention. Addressing reporters in Lagos, its President, Mr Babatunde Ruwase […] …

Election postponement costs nation about $1.5billion loss, says LCCI

Lagos Chamber of Commerce and Industry (LCCI) has stated that the postponement of the Presidential election by INEC cost the nation no less than $1.2billion loss owing to the disruption of activities across the states. Independent National Electoral Commission (INEC) postponed the general elections a few hours to the commencement. The elections scheduled to commence […]
The post Election postponement costs nation about $1.5billion loss, says LCCI appeared first on The Guardian Nigeria News – Nigeria and World News. …

Why NBS economic growth report is wrong, by experts

The report of the National Bureau of Statistics (NBS) yesterday that the economy recorded 2.4 per cent growth in the fourth quarter of 2018 drew criticism from economic experts.
The post Why NBS economic growth report is wrong, by experts appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

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