Business
Nigeria Loses N700bn To #EndSARS Protests -LCCI

The Lagos Chamber of Commerce and Industry (LCCI) says the Nigerian economy may have lost about N700 billion to the #EndSARS protests in the last 12 days.
The President, LCCI, Mrs Toki Mabogunje, in a statement on Monday , expressed concern over the negative impact of the #EndSARS demonstrations on business activities across the country.
The statement titled ‘LCCI Press Release on the Economic Implications of EndSARS Protest’, said, “The LCCI appreciates the value of citizens’ engagement and the demand for accountability which the #EndSARS protest essentially represents.
“These are in consonance with democratic norms. They also form vital ingredients for good governance.
“Over the past twelve days, economic activities have been crippled in most parts of the country and have been particularly profound in the urban areas.
“The Nigerian economy has suffered an estimated Seven Hundred Billion Naira (¦ 700bn) loss in the past twelve days,” Mabogunje said .
She noted that the #EndSARS demonstrations had been impactful and profound, adding that it had the power of the people and the potency of the energy of the youth to bring about change.
According to the LCCI president, the protests have achieved some significant outcomes and have reawakened the need to reform the shortcomings in Nigeria’s political governance.
She recommended that the protesters put an end to the demonstration and dialogue with the government so as “to reduce the massive disruptions, blockades and barricades around our major cities and interstate highways.
“These actions have been at great cost to the economy and the welfare of Nigerian citizens. It should be noted that our economy is still reeling from the shocks of the COVID-19 pandemic and struggling to recover from its devastating effects”.
She advised President Muhammadu Buhari to urgently grant audience to the leadership of the #EndSARS to deliberate on the way forward and to agree on an action plan for the delivery of agreed outcomes.
Mabogunje urged the government to commit to rapid improvement in governance quality and accountability in the police and public sector.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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