Importers of second-hand vehicles will now have to get the Standards Organisation of Nigeria Conformity Assessment Programme (Soncap) before they can bring them into the country, according to Dr. Joseph Odumodu, director-general of the Standards Organisation of Nigeria (Son).

Business activities last week resumed on a rather slow note in some parts of Abuja following the week long demonstrations by the organised labour and civil society organisations over the recent hike in pump price of petroleum products. The week long protests paralysed business activities in the federal capital territory.

Following the kick-off of cashless banking in Lagos, the Central Bank of Nigeria(CBN), has exempted microfinance banks natiowide from the policy, BusinessWorld Intelligence can now reveal.

Residents of the federal capital territory (FCT) are devising new methods and strategies to beat the rising cost of living in the federal capital. There has been a sharp rise in the cost of living following the increment in the price of petroleum products nationwide.