CMA CGM records $202m net loss in third quarter

CMA CGM records $202m net loss in third quarter

French shipping major, CMA CGM reported a net loss of USD 202 million in the third quarter of 2016, while its revenue for the quarter fell by 16.3 percent to USD 3.33 billion, excluding NOL contribution. The company explained that, including...
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Maritime University Bill scales second reading

Maritime University Bill scales second reading

Despite scrapping of the Maritime University of Nigeria located in Delta State by the Minister of Transport, Rotimi Amaechi, a bill for its establishment on Wednesday scaled second reading at the Senate. The bill sponsored by James Manager was unanimously...
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LCCI Communique on International Investment

LCCI Communique on International Investment

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FG congratulates Bala,IMSO chair

FG congratulates Bala,IMSO chair

The Federal Government has congratulated  Nigeria’s Alternate Permanent Representative (ARP) to the International Maritime Organisation (IMO), Mr Dikko Tahir Bala over his election as the Chairman of International Mobile Satellite ( IMSO).  The electi...
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LCCI Photo News

LCCI Photo News

Mr. Sola Oyetayo, Vice President & Chairman, Lagos Chamber of Commerce and Industry (LCCI) Trade Promotion Board; Chief Dr. Mrs. Nike Akande, President, LCCI; Dr. Chris Ngige, Hon. Minister of Labour and Employment and Mr. Babatunde Ruwase, Deputy Presiden...
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Anxiety as Hilux, Ranger battle for pickup of the year award

Anxiety as Hilux, Ranger battle for pickup of the year award

The struggle between Toyota Hilux and Ford Ranger for relevance and more market share in Nigeria has continued unabated.   Indeed, the old rivalry between Hilux and Ranger for the juicy pickup market in Nigeria has again taken the front...
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Business leaders seek fresh path to prosperity in SouthWest, lauds Awolowo

Business leaders seek fresh path to prosperity in SouthWest, lauds Awolowo

All is now set for business leaders from the South West to hold Economic Summit in Ibadan, Oyo State between November 18 and 25, 2016.       The gathering is expected to identify challenges confronting the region and how to overcome...
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Rail conveys 2,330 cattle to Lagos in two months

Rail conveys 2,330 cattle to Lagos in two months

Between September and October 2016, the Nigerian Railway Corporation (NRC) transported 2,330 cattle from the North to Lagos.   Lagos District Manager, Jerry Oche made this known in an interview with the News Agency of Nigeria (NAN) in Lagos.  He...
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Heritage Centre replaces Presidential Lodge in Lagos

Heritage Centre replaces Presidential Lodge in Lagos

The Lagos State Government has commended President Muhammadu Buhari for approving the hand over of the Marina Presidential Lodge to the State.    According to the State Government, the gesture followed Governor Ambode’s request to have the lodge released t...
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LCCI Photo News

LCCI Photo News

Caption: Representative of the Government and Secretary to the State Government, Mr Tunji Bello(2nd Left) cutting the tape to declare open the 2016 Lagos International Trade Fair while being assisted by the Commissioner for Commerce and Cooperatives, Mr Rotimi...
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Lagos to deliver Badagry Expressway by 2019

Lagos to deliver Badagry Expressway by 2019

The Lagos-Badagry Expressway is to be delivered before the end of 2019, State Governor, Akinwunmi Ambode has said.  Speaking in Lagos on Thursday during an inspection tour, Ambode said the project was a major economic catalyst for Lagos, adding that...
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Lagos international trade fair begins today

Lagos international trade fair begins today

The Lagos Chamber of Commerce and Industry (LCCI) will on Friday, November 4 commence the 30th edition of the Lagos International Trade Fair. According to the organisers, the Opening Ceremony is scheduled to take place by 10am at the Tafawa...
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LCCI Photo News

LCCI Photo News

From Left – Mrs Elke Helen, Deputy CEO, Giessen Friedberg Chamber of Commerce and Industry; Dr Matthias Leder, CEO, Giessen Friedberg Chamber of Commerce and Industry; Chief Dr. Mrs. Nike Akande,CON, President, Lagos Chamber of Commerce and Industry (LCC...
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LCCI Photo News

LCCI Photo News

From left – Inger Ultvedt, Ambassador of The Embassy of Sweden in Nigeria; Chief Dr. Mrs. Nike Akande, CON, President, Lagos Chamber of Commerce and Industry and Mrs Ann Linde, Minister for EU Affairs and Trade, Sweden, during the Networking...
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