Top News Story
Insecurity Grounds Business in Abuja
- By Nik Ogbulie
- Published April 30th, 2012
- News
- Unrated
Business in the nation's capital, Abuja, is at its lowest ebb as
residents and workers in, and visitors to the city, have been engulfed
by morbid fear of threats by the Boko Haram sect. BusinessWorld
investigations reveal that occupancy rate of the big hotels in the city
has declined drastically as guests dread going close to them, while some
staff of ministries, departments and agencies now avoid their offices
like a plague.
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Cash-less Fair: Banks, ICT Firms Set to Showcase Alternative Payment Options
- By Abimbola Tooki
- Published April 30th, 2012
- News
- Unrated
Activities are in high gear for the Cash-less Lagos Fair being organized
by BusinessWorld Newspaper in close collaboration with the Central Bank
of Nigeria (CBN).The CBN-driven Cash-less Policy which has been the
talk of the country in the last several months is aimed at reducing the
level of cash transactions in the economy and encouraging the migration
towards alternative electronic payment methods.
Nigeria Contributes 700,000 of Road Accident Deaths – FRSC
- By Pearl Ngwama
- Published April 30th, 2012
- News
- Unrated
The Federal Road Safety Commission (FRSC) has disclosed that Nigeria
contributes about 700,000 deaths out of the 1.5 million people killed on
road accidents all over the world annually.
Naccima Urges Banks to Relax Collateral Conditions
- By Abimbola Tooki
- Published April 30th, 2012
- News
- Unrated
Nigerian Association of Chambers of Commerce, Industry, Mines and
Agriculture ( Naccima), has called on commercial banks in the country to
relax their stringent conditions for collaterals from private sector
applicants for their facilities to enhance the growth of businesses.
Fitch: Nigeria Fuel Subsidy Report Increases Chances of Reform
- By Abimbola Tooki
- Published April 30th, 2012
- News
- Unrated
Fitch, an international rating agency has said that the fact that
corruption in Nigeria's oil subsidy programme has been officially
uncovered is encouraging, both politically and economically, as it has
the potential to increase reform in the oil and gas sector.
