BrandsTrack

      The Lagos Chamber of Commerce and Industry  (LCCI), has advised the government not to be comfortable with the seemingly favourable  rebased inflation figures, recently released, but, instead, sustain its fight against inflationary pressures.     The Director General of the Chamber, Dr. Chinyere Almona, in a statement, noted that the fundamental variables such as: insecurity, high costRead More

The Lagos Chamber of Commerce and Industry (LCCI) has said that despite the GDP figures, in the fourth  quarter, 2024, indicating a steady growth, real productivity and economic stability are still of critical concerns. The Chamber, in a statement issued by its Director General, Dr. Chinyere Almona, noted that the disproportionate reliance on the services sector, with declining contributions fromRead More

      The Lagos Chamber of Commerce and Industry (LCCI) has  predicted a further reduction in the price of petrol, and ease in inflation, in the second quarter of 2025, as the ‘price war’ in the downstream sector of the nation’s Oil and Gas continues.       The  Chamber, in its preview of the nation’s economy in Y2025,Read More

    The Manufacturers Association of Nigeria (MAN),  and the Lagos Chamber of Commerce and Industry (LCCI), have warned that the recent petroleum price hike may sound the death knell of the nation’s manufacturing sector, and force small businesses to shut down.     The two groups gave the warnings,  in separate  statements, issued  on Wednesday, in reaction to theRead More

The recent hike in the interest rates, as announced  by the monetary policy authorities, may signpost a deeper crises for the nation’s private sector, the Lagos Chamber of Commerce and Industry (LCCI), has warned.   The Chamber, in its reaction to the recent interest rates hike, on Wednesday, warned that such hike would throw the private sector to more profoundRead More