Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has lamented the persistent and uncontrollable rise in the inflation rate, reaching a 28-year record high of 34.60 per cent in November 2024, is fueling a tense business environment as elevated prices continue to constrain business operations.

The key parameters and assumptions of the 2025-27 Medium-Term Expenditure Framework (MTEF) are overly optimistic considering the prevailing economic and social indicators, the Director-General of Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has said.

Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has urged the newly-appointed minister of Industry, Trade and Investments, Dr Jumoke Oduwole to improve the business and operating environment for manufacturers and MSMEs before looking to attract Foreign Direct Investments (FDI). Almona said to attract FDIs, there are fundamental factors to consider in…

          The Lagos Chamber of Commerce and Industry (LCCI) has urged monetary and fiscal authorities to significantly address deep-rooted challenges contributing to high inflation, particularly in the cost of food and core categories. READ ALSO:LCCI tasks FG on dying sectors,  economic growth in Q4      Dr Chinyere Almona, Director General, LCCI, made…

The Lagos Chamber of Commerce and Industry (LCCI) has called on policymakers to choose the appropriate policy mix that would drive down the inflationary pressure.

Director-General of the Lagos Chamber of Commerce and Industries (LCCI), Dr Chinyere Almona, has urged all parties involved in the ongoing new minimum wage negotiation to consider a wage that reflects a balance between economic realities and affordability.

Again, stakeholders in Nigeria’s Organised Private Sector (OPS) have expressed grave concerns over the skyrocketing cost of doing business, saying that they fear for their survival.

The Lagos Chamber of Commerce and Industry (LCCI), in partnership with the Ministry of Foreign Affairs, has concluded plans to host this year’s edition of the yearly LCCI International Business Conference and Expo tagged “Invest Nigeria.”

Local manufacturers have voiced their concerns over the persistent economic challenges, including rampant inflation, dying consumer demand, disruptions in supply chains, foreign exchange illiquidity, limited access to credit...

Industry stakeholders have expressed deep concern over the recent introduction of the Expatriate Employment Levy (EEL) by the federal government, saying the country may be perceived as hostile.