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Tag: Toki Mabogunje

Forex, reputation issues bane of capital inflow into Nigerian businesses

Forex, reputation issues bane of capital inflow into Nigerian businesses

Business
International investors and stakeholders have attributed businesses’ inability to attract foreign capital needed for growth to Nigeria’s image problem, and challenges in repatriating investments. According to them, while Nigeria should be at the top of the list for investments in Africa, governance issues remain an impediment, making the country look problematic compared to other smaller countries. Of the $5.85billion received in the first quarter (Q1) of 2020, portfolio investment accounted for 73.61% ($4.31billion) of the total capital importation recorded by the National Bureau of Statistics (NBS). Speaking at a webinar on, “Access to international capital and funding solutions for Nigerian businesses”, organised by the Lagos Chamber of Commerce and Industry (LCCI), Monday, Key...
LCCI tasks new members on professionalism, business ethics

LCCI tasks new members on professionalism, business ethics

Uncategorized
The Lagos Chamber of Commerce and Industry (LCCI), has tasked its members on the need to adhere to professional and high ethical standards to achieve profitability and sustainability in their business operations. According to the LCCI President, Mrs Toki Mabogunje, businesses have obligations which transcend profit making, pointing out that adequate attention to integrity of business transactions and practices is key to ensure business continuity and profitability. Mabogunje during the Chamber’s first virtual induction ceremony, added that as a chamber, it believes so much in adopting ethical behaviour and fairness in carrying out business dealings with members, non-members and the society at large, while also expressing the need for the federal government’s protection of the busines...