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Tag: NACCIMA

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NACCIMA partners BOI to release N75bn MSMEs fund

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture and the Bank of Industry have entered into a Memorandum of Understanding to disburse a N75 billion intervention fund. The deal was formalized on Thursday at the Bank of Industry’s office in Lagos, where NACCIMA President, Dele Oye, and BOI Managing Director and CEO, […]

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NACCIMA warns against unauthorised operations of NIBC-India in Nigeria

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has raised concerns with the Federal Government over the illegal operations of NIBC-India in Nigeria, citing the entity’s lack of proper registration and authorization. In a petition to the Minister of Foreign Affairs, Ambassador, Yusuf Tuggar, NACCIMA President, Dele Kelvin Oye Esq., called for […]

News

Rising fuel prices will worsen economic hardship, warns NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has expressed significant concerns regarding the recent increases in petrol pump prices in Lagos and Abuja. The association cautioned that these rising costs could initiate a cycle of economic hardship throughout the country. This was disclosed in a statement by the NACCIMA’s National President, […]

News

NACCIMA demands strengthening of cooperatives to boost SMEs

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, Dele Oye, has emphasized the need to strengthen cooperative societies to enhance the capacity of Small and Medium Enterprises across Nigeria. Speaking at the recently concluded 8th National Cooperative Summit Exhibition and Awards 2024, Oye highlighted the critical role cooperative […]

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CBN’s non-payment of FX forwards crippling firms – NACCIMA

The National President, Nigerian Association of Chambers of Commerce Industry Mines and Agriculture, Mr. Dele Oye, on Sunday voiced concern that non-payment of Foreign Exchange (FX) forwards had severely crippled affected companies, plunging many towards bankruptcy. Oye stated that the companies’ reputations had suffered and that their relationship with foreign trading partners had been strained […]

News

Why FG must protect Dangote Refinery — NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has listed important reasons why the federal government should protect local enterprises like the Dangote Refinery. The national president of the association, Dele Oye, stated that undermining a refinery of this size would be counterproductive and detrimental to the interests of the country. He […]

News

NACCIMA laments naira crash effect on imports, inflation

The Nigerian Association of Chambers of Commerce, Industry, Mining, and Agriculture has expressed its concern over the sharp depreciation of the Naira noting that it poses several problems for the country. This was disclosed in a statement by the National president of the association, Dele Kelvin Oye, according to Leadership. Oye stated that he was […]

News

NACCIMA to consult stakeholders over bank capitalisation

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has said it will consult with stakeholders and await the disclosure of the complete policy framework from the CBN and the government. This disclosure was made in a statement by the National President of NACCIMA, Dele Oye on Sunday, according to The Punch. Oye […]

NACCIMA raises concern over CBN's interest rate hike
News

NACCIMA raises concern over CBN’s interest rate hike

Onwubuke Melvin   The National President, of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Dele Oye, said the group was deeply concerned with how the apex bank had continued to raise interest rates. This follows the hike in Nigeria’s Monetary Policy Rate, also known as the interest rate, from 22.75 per […]

NACCIMA, EU partner on business innovation
Business

NACCIMA, EU partner on business innovation

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture and the European Union have formally declared their partnership. This was confirmed on November 29, 2023, at the European Union and NACCIMA Business Evening, which was sponsored by the EU President and Spanish Ambassador, Juan Sell. The gathering included over seventy business leaders, ambassadors, and […]

NACCIMA, EU partner on business innovation
Business

NACCIMA hails Tinubu on tax intervention

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, has welcomed the suspension of the 5% Excise Tax on telecommunication services as well as the escalation of Excise Duty on locally manufactured products, noting that it will relieve Nigerian businesses of undue burden. The Punch reported that the National President of NACCIMA, Dele […]

NACCIMA, EU partner on business innovation
Oil and Gas

FG needs to fix Nigeria’s refineries – NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, has called on the Federal Government to urgently fix the four refineries which have been in comatose for the past 16 years. The President of the association, John Udeagbala, said this should be done so as to end petroleum products importation into the country. […]