The long awaited Dangote refinery set to be commissioned later this month has announced plan to produce 650,000 barrels of refined products per day. According to report, the commissioning would happen on May 22, 2023. The refinery is said to have been completed with pre-inauguration tests currently ongoing. The multi-billion-dollar …
Read More »Financial Expert Expresses Concern Over CBN’s 18% Interest Rate Hike
The Director of the Centre for the Promotion of Private Enterprise, Muda Yusuf, said that investors are the casualties of the Central Bank’s continued Monetary Policy Rate hikes. He disclosed this in a statement on Tuesday while reacting to the apex bank’s interest rate increase to 18 per cent from …
Read More »LCCI Announces Date for ICTEL Expo Virtual Edition
The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, is set to host the 6th edition of the Information, Communication, Technology and Telecommunications (ICTEL) Expo. The tech event is scheduled to take place virtually …
Read More »LCCI projects continuous weak investments in 2020
The Lagos Chamber of Commerce and Industry(LCCI) has projected that consumer demand and private sector investment would remain weak in 2020. The Director-General of the chamber, Muda Yusuf, recalled that the World Bank and the International Monetary Fund (IMF) had predicted that Nigeria’s growth rate to be 2.1% and 2.5%. …
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