Tag Archives: Dr. Muda Yusuf

Data from the National Bureau of Statistics (NBS) has shown the bilateral trade deficit against Nigeria is widening in favour of China, with a steady increase in Nigeria’s importation from the Asian country from 2019 to 2021. The NBS data shows that Nigeria imported N6.53 trillion worth of goods from …

The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on Tuesday announced the discontinuity of forex supplies to the Bureau de Change Operators (BDCs) in the country. The CBN Governor, Godwin Emefiele, announced the end of forex sales and new …

As part of a governmental effort to finance the budget, the Central Bank of Nigeria (CBN) has disclosed that banks credit to government hits 60-year high to N12.5trillion in May 2021. The N12.5trillion government borrowing from banks as reported by CBN hits a new level bank commenced lending to government …

The Lagos Chamber of Commerce and Industry (LCCI) has announced the appointment of  Dr. Chinyere Almona  as its new Director General, DG, effective July 1, 2021. This follows the retirement of  Dr. Muda Yusuf  on the expiration of his tenure of office, having served the Chamber for a total of …

The Lagos Chamber of Commerce and Industry (LCCI) has warned against what it described as collateral damage the suspension of Twitter operations in Nigeria would cause. Its Director-General, Dr Muda Yusuf said many businesses, especially small medium enterprises (SMEs), leverage the micro-blogging social media platform for marketing and other promotional …

Nigeria’s trade deficit rose from $1.69bn in December 2020 to $2.51bn as of the end of January 2021 despite the reopening of the borders, statistics made available by the Central Bank of Nigeria have shown. For more than a year, the Federal Government shut the country’s land borders due to …

Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to review its policy on repatriation of export proceeds. This will help to drive non-oil export, the Director -General of LCCI, Dr Muda Yusuf, stressed this at an interactive session with business editors on Friday. …

From improving sales volume, to facilitating automated processes in business transactions and the application of new technology, there’s no disputing the fact that ecommerce is opening up the Nigerian economy at an impressive rate. Thriving on a digital economy platform, ecommerce boasts an incredible level of cost-efficiency of connecting sellers …

The Lagos Chamber of Commerce and Industry (LCCI) on Sunday urged the Federal Government to create an independent dispute resolution framework to manage conflicts between the Nigeria Customs Service (NCS) and the business community. The Director-General of LCCI, Dr Muda Yusuf in a statement made available to newsmen in Lagos, …

Over increasing inflation rate in the country, the Lagos Chamber Of Commerce and Industry (LCCI) on Tuesday called on the government authorities at national and sub-national levels to address security concerns in the country. LCCI stated that security is vital as far as food production is concerned in Nigeria. The …