Business Economy Featured SMEs

LCCI pegs COVID-19 loss by MSMEs in Lagos at N2.7bn

Reading Time: 2 minutes Image Credits: REUTERS. The Lagos Chamber of Commerce and Industry (LCCI)  says losses of Micro, Small and Medium Enterprises (MSMEs) in Lagos is about N2.7 billion, due to the  recent Coronavirus (COVID-19) lockdown. LCCI’s Director-General, Dr Muda Yusuf, made this known on Sunday through the LCCI’s Economic and Business Review for 2020 and Outlook for 2021. Read More…

Business Economy Top Story

Lagos Chamber predicts Nigeria may remain in recession beyond 2021

Reading Time: 3 minutes Image Credits: Getty Images. Amid the resurgence of COVID-19, the Lagos Chambers of Commerce and Industry (LCCI) has predicted that Nigeria risks a further perpetuation of the current recession if the pandemic persists into the first quarter of 2021. LCCI, Africa’s second chamber of commerce with over 2,500 registered members, has equally acknowledged that the Read More…

Business Economy Inflation Top Story

Lagos Chamber explains mounting inflation

Reading Time: 2 minutes Image Credits: Getty Images. The Lagos Chamber of Commerce and Industry (LCCI) says the mounting  inflationary pressure reported in the November 2020  was expected, given the prevailing economic conditions and escalating cost environment. Dr Muda Yusuf, Director-General, LCCI made the assertion in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. Read More…

Business Economy Top Story Trade

Buhari declares 2020 Lagos trade fair open

Reading Time: 4 minutes President Muhammadu Buhari on Friday declared the 2020 edition of the Lagos International Trade Fair open, reiterating the Federal Government’s commitment to revamping Nigeria’s Industrial Revolution Plan (NIRP). The trade fair, which is being promoted by the Lagos Chamber of Commerce and Industry (LCCI), will be on till Dec. 13. The fair, the 34th edition, Read More…