Tag: Lagos Chamber of Commerce and Industry
Protests in Nigeria and Cote d’Ivoire are threatening to once again slow economic activity. In Nigeria, protests against police brutality have been gathering momentum across the country, with mounting fears that it could worsen the already difficult economic situation. The Lagos Chamber of Commerce and Industry noted that the protests are adversely affecting business and could lead to a shutdown of the economy if not properly managed. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.
In a circular, the Central Bank of Nigeria directed that Form M for Letters of Credit, Bills for Collection and other forms of payment should only be opened in favour of the ultimate supplier of the product or service. Reacting to this directive, the Lagos Chamber of Commerce and Industry says while the policy attempts to curb abuses in the foreign exchange market, it would create more problems than it would solve. Muda Yusuf, Director-General of the LCCI joins CNBC Africa’s Christy Cole for this conversation.
The Lagos Chamber of Commerce and Industry has called on the Nigerian government to address the regulatory regime stifling the growth of the courier industry.
With 782 confirmed cases in Nigeria, the COVID-19 induced-lock-down is taking a toll on economic activity and particularly the Small and Medium Enterprises in Nigeria. Muda Yusuf, Managing Director of the Lagos Chamber of Commerce and Industry joins CNBC Africa to discuss possible options to mitigate the impact.
The Lagos Chamber of Commerce and Industry (LCCI) engaged stakeholders in Nigeria to assess the impact of the closed borders. Muda Yusuf, Director General of the LCCI joins CNBC Africa to share some insights from this engagement.
The Lagos Chamber of Commerce and Industry (LCCI), says for Nigeria to achieve strong growth between 6 to 8 per cent, policy makers should embrace reforms such as the deregulation of oil and gas, harmonisation of multiple exchange windows and privatisation of redundant state assets among others. Muda Yusuf, Director General of LCCI joins CNBC Africa for more.
The Lagos Chamber of Commerce and Industry (LCCI) has condemned the extension of the first phase of Nigeria’s land border closure till the 31st of January 2020 stressing that it is negatively impacting Small and Medium Scale businesses in Nigeria. Bamidele Ayemibo, Former Export Group Chairman at Lagos Chambers of Commerce and Industry joins CNBC Africa for more.
A U.K court will today announce its ruling on the case of a failed gas project between Nigeria and Process and Industrial Development (P&ID). A ruling in favour of P&ID could empower the company to seize Nigerian foreign assets to the tune of $9.6 billion. To discuss what the implication of such verdict could mean for Nigeria’s economy are Muda Yusuf, Director General of the Lagos Chamber of Commerce and Industry and Kayode Akindele , Partner at TIA Capital both join CNBC Africa for more.
12Page 1 of 2