Vice President Kashim Shettima has expressed optimism about the performance of Nigeria’s currency, the Naira, at the forex market, saying it will appreciate more as the dollar continues to crash. He says President Bola Tinubu had to end fuel subsidy and ensure the unification of the multiple exchange rate because the former arrangement was producing billionaires overnight. The VP stated …

The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government (FG) to provide special support mechanisms to strategic companies and industries that play critical roles in achieving inclusive economic growth. In a statement made available to newsmen, Director General of LCCI, Dr Chinyere Almona, attributed recent improvements recorded in the nation’s economy to the game-changing interventions …

The General Manager of Habanera Limited, a subsidiary of Japan Tobacco International (JTI), Mr. Thomas Adams, has been appointed as the Vice Chairman of the Industrial Group of the Lagos Chamber of Commerce and Industry, (LCCI). According to the LCCI, Adams’ appointment is in “appreciation of his active role in the Nigerian economy and the recognition of JTI as a …

The Lagos Chamber of Commerce and Industry (LCCI) has identified the positives in President Bola Tinubu’s new year message, which included commitment to power projects, including the Siemens Energy initiative and efforts to enhance the reliability of transmission lines. It said that the commitment “aligns with the business community’s aspirations for a robust and diversified economy”. In a statement on …

The Lagos Chamber of Commerce and Industry (LCCI) has described Nigerian workers’ minimum wage of $30 for 30 days as extremely poor and called for an urgent upward review of the wage structure. The chamber, in its Independence Day message yesterday, said an appraisal of the past 63 years showed that the Nigerian economy had performed sub-optimally with huge implications …

The Lagos Chamber of Commerce and Industry (LCCI) has commended President Bola Tinubu’s outing at the G20 Leaders’ Summit 2023, which ended two days ago in New Delhi, India. In a statement on Tuesday, by LCCI’s President, Asiwaju Michael Olawale-Cole said that the participation of the President at the summit is a testament to his “strong leadership, as acknowledged by …

The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar has unveiled his strategic steps to revive the Nigerian economy working with the private sector, if elected in the 25 February election next year. His goals, which were presented to a private sector forum, organised by the Lagos Chamber of Commerce and Industry on Tuesday, were encapsulated in eight …