ABUJA: The 1st quarter 2015 aggregate Business Confidence Index published by the Lagos Chamber of Commerce and Industry fell from 30 percent in the fourth quarter of 2014 to 22.3 per cent for the first quarter on this year.
This represents the largest quarter on quarter point drop of the BCI score over the last three years and suggests that business leaders are largely pessimistic about expanding their business and investment spending over the next few months. Joining CNBC Africa to review the implications of this report is Vincent Nwani, director at the Lagos Chamber of Commerce and Industry.
