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).

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.

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.

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.

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.

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.