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Article: Nigeria registers incremental progress.
- Article from:
- Market Africa Mid-East
- Article date:
- December 1, 2006
CopyrightCOPYRIGHT 2006 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Following are two possibly hopeful recent news items coming out of Nigeria. Both can contribute materially to consumer activity in the country.
The first comes from a story in The Daily Independent (Lagos) announcing the launch of Nigeria's first naira (the national currency) credit card.
The issuing bank is one of Africa's largest with operations in several neighboring countries. Citing the issuing bank as its source, the Independent said that the credit card would not only begin to change Nigerian consumers' love of carrying cash, but it would protect them from the high incidence of robbery in the country.
Also, the card is expected to ...