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Nigerian Workers Least Paid Among Opec Countries
- By Abimbola Tooki
- Published January 31st, 2012
- News
- Unrated
Nigerian workers have been adjudged as the worst remunerated among the
top 10 global oil producers and members of the global cartel known as
the Organisation of Petroleum Exporting Countries (Opec).
Fuel Strikes: ATMs Pay N30bn to Customers
- By Udo Onyeka
- Published January 23rd, 2012
- News
- Unrated
As much as N30 billion may have been paid by banks through their
Automated Teller Machines (ATMs) within the first four days of the
protests over the removal of fuel subsidy by the federal government,
BusinessWorld Intelligence can now reveal.
Mainstreet, Keystone Banks in Questionable IT Projects
- By Abimbola Tooki
- Published December 12th, 2011
- News
- Unrated
There are indications that some of the nationalised banks are currently
discussing some business deals that are wasteful and would not add to
their bottom line on the long run.
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Dangote’s Ibeshe Plant May End Cement Importation to Nigeria
- By Abimbola Tooki
- Published January 31st, 2012
- News
- Unrated
There are strong indications that the planned commissioning of the
Dangote Cement Plant in Ibeshe, Ogun State near Lagos, may contribute in
eliminating massive importation of cement to Nigeria if the estimated
production capacity could be met.
How Insurance Operators Defraud Underwriters
- By Saka Khaliq
- Published January 31st, 2012
- News
- Unrated
Fact emerged recently that managing directors of some insurance firms
have devised means of defrauding their institutions to the tune of
millions of naira.
The Nigerian Association of Chambers of Commerce ,Industry, Mine and
Agriculture (Naccima) has expressed concern over the poor performance
of the economy saying that life has become poor, nasty, brutish, and
short for the citizenry.
Insurance: CBN Extends Deadline on Banks’ Divestment
- By Saka Khaliq
- Published January 31st, 2012
- News
- Unrated
There are indications that the Central Bank of Nigeria (CBN) has
extended deadline for deposit money banks to divest from non-banking
operations from May 14, 2012 initially put as the
deadline.Investigations showed that the apex bank has extended the
deadline by one year for some of the affected banks which have insurance
subsidiaries.