Operatives of the Lagos State Traffic Management Authority (LASTMA) have concluded all necessary arrangements to partner with the Lagos Chamber of Commerce and Industry (LCCI) on Traffic Management and Control during the forthcoming Lagos International Trade Fair scheduled to hold between Sunday 4th to 13th of November, 2022 at Tafewa Balewa Square (TBS), Lagos Island. […]
By Abolaji Adebayo A report jointly released by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the National Bureau of Statistics (NBS) has stated that MSMEs in Nigeria contributed 46.31 percent to the country’s gross domestic product (GDP) and accounted for 96.7 per cent of businesses last year. It disclosed that over […]
By Motolani AbdulGafar Traders and customers are lamenting the increase in the prices of foods and school items. Many parents are struggling to get few necessary items for their children who just resumed the new school session as higher prices hinder their plans to provide for their children’s needs. While the customers are reluctant to […]
By Olushola Okewole The Chairman, Farmer’s Association, Ejigbo LCDA, Alhaji Tajudeen Sanni (Labule), has disclosed that coronavirus pandemic has affected the farming process this year as movements were barred during the lockdown. According to them, some of the farmers who live in Lagos and cultivate farmlands far away in other states could not get to […]
By Sunday Ogundiran Farmers have rejected loan facilities proposed to them by micro finance banks as they are afraid they may not be able to pay back the loan considering the present state of the economy. The farmers who spoke to ECHONEWS that they prefer to manage their own finance rather than taking bank […]
By Sunday Ogundiran The Creative Director of Jairus and Jakes Photography Studio in the Adebayo Osho area of Ejigbo, Mr. Odukunle Olawale has described the ban on social gatherings as a disaster to the photography business. He noted that the creative business is one of the professions greatly affected by the restriction of social events […]
By Sunday Ogundiran Hoteliers as well as other recreation centres have again expressed worry over exclusion in the additional 14 days (2 weeks) gradual easing of lockdown as their business continue to suffer. When the government announced the extension of the lockdown ease last week, hospitality business was still not included among the business that […]
By Olushola Okewole Although making brisk business from face masks, tailors are lamenting the loss of their cash cow- sewing of party uniforms called Aso ebi- due to a lockdown regulation banning gatherings above 20. They were complaining that the banning on social gatherings has really affected their sales as people have stopped sewing new […]
Some eggheads at the Lagos Business School recently put heads together to think through the economic challenges of COVID-19. Here are a few tips you can think about: 1. Economy perilous times. A. Government current account (export vs import) will be high negative. Implications is that there will be low availability of foreign exchange leading […]
