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<p>The negative growth trajectory in Nigeria’s trade sector moderated to a contraction of 2.43 per cent in the first quarter of the year from a 3.2 per cent contraction reported in the fourth quarter of 2020. The Lagos Chamber of Commerce and Industry says this moderation reflects the gradual positive impact of the land border reopening on the sector’s performance amid other headwinds. Muda Yusuf, Director General of LCCI joins CNBC Africa for more.</p>


Negative growth in Nigeria’s trade sector moderates to 2.43% in Q1

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<p>Despite Nigeria&#8217;s annual growth contracting by 1.92 per cent, the economy has shown some green shoots of recovery from the COVID-19 induced recession, with a growth of 0.11 per cent in the fourth quarter of 2020. But can this momentum be sustained in the first quarter of the year. Muda Yusuf, Director-General of the Lagos Chamber of Commerce and Industry joins CNBC Africa for more.</p>


Can Nigeria’s economy sustain the growth momentum in Q1’2021?

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<p>The Lagos Chamber of Commerce and Industry says there is a need to review Nigeria&#8217;s policy on the repatriation of export proceeds.</p>


LCCI calls for review of policy on repatriation of export proceeds

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<p>A survey by the Lagos Chamber of Commerce and Industry on the impact of coronavirus on the Lagos business community shows that 81 per cent of SMEs were severely affected by the pandemic. But could the coming into effect of the African Continental Free Trade Agreement offer a path to recovery for these businesses? Muda Yusuf, Director General of the LCCI joins CNBC Africa for more.</p>


AfCFTA: A recovery path for Nigerian MSMEs?

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<p>Preliminary findings by the Lagos Chambers of Commerce and Industry show that the Nigerian economy suffered an estimated 700 billion naira loss to the #ENDSARS protests. Since then, events took a strange twist with vandalism and looting across the state.  Muda Yusuf, the Director General of the LCCI joins CNBC Africa’s Kenneth Igbomor to discuss the developments.</p>


LCCI’s Muda Yusuf speaks on the fallout of #ENDSARS protests

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<p>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.</p>


Protests in Nigeria & Cote d’Ivoire threaten to slow economic activity

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<p>The Lagos Chambers of Commerce of Industry has warned of the implications of Nigeria&#8217;s rising debt adding that it could reach 34 trillion naira by the end of the year. The LCCI has also called on the authorities to introduce market-driven forex management policies and frameworks. The Director-General of the LCCI, Muda Yusuf joins CNBC Africa for more.</p>


LCCI: Why Nigeria should start making difficult decisions over rising debt levels

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<p>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.</p>


Assessing Nigeria’s strategy to curb foreign exchange abuse

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<p>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.</p>


LCCI on the need to save Nigeria’s courier operators from stifling regulations

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<p>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.</p>


COVID-19: How small businesses in Nigeria can mitigate the impact

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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.</p>


LCCI on takeaways from border closure roundtable

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Nigeria’s National Automotive Design and Development Council (NADDC), says stakeholders are reviewing the country’s Automotive Policy Bill and Nigerian Automotive Industry Development Plan in other to resend both bills to the National Assembly. Meanwhile, the NADDC says the Auto Industry attracted N360 billion worth of investments in 2019. Bambo Adebowale, Chairman of Auto and Allied Sector at the Lagos Chambers of Commerce and Industry (LCCI) joins CNBC Africa to discuss the prospect of Nigeria’s Auto sector.</p>


Is Nigeria’s Automotive Policy Bill ready to be reintroduced?

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The Lagos Chambers of Commerce and Industry (LCCI), says the proliferation of commercial motorcycles and tricycles in Lagos state are manifestations of the shortcomings of the transportation system within the state. The statement was in reaction to the ban on commercial motorcycles and tricycles in most parts of Lagos state. Muda Yusuf, Director of General of the LCCI joins CNBC Africa for more.</p>


LCCI reacts to the ban on motorcycles from Nigeria’s commercial hub

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<p>The Lagos Chamber of Commerce and Industry (LCCI) says Nigeria’s economy will remain subdued around 2 per cent this year adding that consumer demand, private sector investment will likely remain weak. LCCI’s new President, Toki Mabogunje joins CNBC Africa on what to expect from Nigeria’s business environment this year.</p>


LCCI: Nigeria’s land border closure has positive & negative impact on the economy

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<p>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.</p>


“We should not be too rigid in embracing reforms for economic growth” – LCCI DG

“We should not be too rigid in embracing reforms for economic growth” – LCCI DG, Muda Yusuf

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<p>Despite a continuous spike in inflation and complaints of revenue losses by businesses, Nigeria&#8217;s borders will remain closed until January 2020. CNBC Africa’s Samuel Onalaru has more on this story.</p>


Nigeria’s closed borders: Who wins?

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<p>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.</p>


LCCI

Negative growth in Nigeria’s trade sector moderates to 2.43% in Q1

Can Nigeria’s economy sustain the growth momentum in Q1’2021?

LCCI calls for review of policy on repatriation of export proceeds

AfCFTA: A recovery path for Nigerian MSMEs?

LCCI’s Muda Yusuf speaks on the fallout of #ENDSARS protests

Protests in Nigeria & Cote d’Ivoire threaten to slow economic activity

LCCI: Why Nigeria should start making difficult decisions over rising debt levels

Assessing Nigeria’s strategy to curb foreign exchange abuse

LCCI on the need to save Nigeria’s courier operators from stifling regulations

COVID-19: How small businesses in Nigeria can mitigate the impact

LCCI on takeaways from border closure roundtable

Is Nigeria’s Automotive Policy Bill ready to be reintroduced?

LCCI reacts to the ban on motorcycles from Nigeria’s commercial hub

LCCI: Nigeria’s land border closure has positive & negative impact on the economy

“We should not be too rigid in embracing reforms for economic growth” – LCCI DG, Muda Yusuf

Nigeria’s closed borders: Who wins?

How Nigeria’s extended border closure is impacting its SMEs

News Tips

Advertise With Us

LCCI

Negative growth in Nigeria’s trade sector moderates to 2.43% in Q1

Can Nigeria’s economy sustain the growth momentum in Q1’2021?

LCCI calls for review of policy on repatriation of export proceeds

AfCFTA: A recovery path for Nigerian MSMEs?

LCCI’s Muda Yusuf speaks on the fallout of #ENDSARS protests

Protests in Nigeria & Cote d’Ivoire threaten to slow economic activity

LCCI: Why Nigeria should start making difficult decisions over rising debt levels

Assessing Nigeria’s strategy to curb foreign exchange abuse

LCCI on the need to save Nigeria’s courier operators from stifling regulations

COVID-19: How small businesses in Nigeria can mitigate the impact

LCCI on takeaways from border closure roundtable

Is Nigeria’s Automotive Policy Bill ready to be reintroduced?

LCCI reacts to the ban on motorcycles from Nigeria’s commercial hub

LCCI: Nigeria’s land border closure has positive & negative impact on the economy

“We should not be too rigid in embracing reforms for economic growth” – LCCI DG, Muda Yusuf

Nigeria’s closed borders: Who wins?

How Nigeria’s extended border closure is impacting its SMEs

News Tips

Advertise With Us

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