….Seeks South-West States Collaboration The Lagos Chamber of Commerce and Industry (LCCI) said collaboration by South-West states, with a renewed focus at unveiling viable and sustainable investment opportunities in the agribusiness value chain, is critical to national economic diversification and self-reliance. The LCCI President, Mrs Toki Mabogunje, stated this during …
Read More »LCCI Seeks One-Year Tax Break, 7.5per cent VAT Suspension for Businesses
In its bid to aid recovery from the devastating impact of the COVID-19 pandemic, the Lagos Chamber of Commerce and Industry (LCCI) has asked the Federal Government to grant a one-year tax break to manufacturers, pharmaceutical firms, agro processors, airlines, small businesses and hospitality players. The body also requested for …
Read More »CBN to Review Cash Reserve Ratio as 83 Per Cent Businesses move to Downsize, Reduce Salaries – LCCI
The latest survey carried out by the Lagos Chamber of Commerce and Industry (LCCI) has shown that 83 per cent of business owners plan to cut down on salaries and reduce the number of people in their employment. Although the lockdown may have been relaxed, the impact on businesses may …
Read More »Raising banks’ LDR while minimising risk —Analysts
Analysts at CredoLab said in developing economies, the key to socio-economic growth is access to finance, but the challenge is to increase loans to individuals and SMEs without suffering the fall-out of bad debt. LDR The Central Bank of Nigeria (CBN) increased the minimum loan-to-deposit ratio (LDR) of commercial banks …
Read More »National Numbering Plan Review: NCC to connect 500million Nigerians, One billion devices by 2025
The Nigerian Communication Commission (NCC) has revealed its plan to review the National Numbering Plan (NNP) so as to meet the demand of the Fourth Industrial Revolution in Nigeria. It was projected by the telecom regulator that the development of the new National Numbering Plan, NP will help to provide …
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