Founded in 1888, the Lagos Chamber of Commerce and Industry is the Premier Chamber of Commerce in Nigeria. It was incorporated in 1950 as a non-profit making organization, Limited by Guarantee under the Companies Act of 1948.
It is the foremost private sector group in Nigeria with over 4, 000 corporate members. It also accounts for an estimated 60% of industrial output, 65% of general commerce and 75% financial services in the country.