SECRETARY to the Edo State Government, Mr. Pally Iriase, has lamented the deplorable state of federal roads in the state. He has, therefore, charged the Federal Roads Maintenance Agency, FERMA, and other agencies responsible for the maintenance of the roads to live up to their responsibilities.

Theresa Ibori, the former First Lady of Delta State, is to spend the next 5 years in London jail .

International Oil Companies, IOCs operating in Nigeria have raised alarm over the drop in drilling activities in the country, which may affect crude oil reserves addition in the future.

The Organisation of the Petroleum Exporting Countries, OPEC, has said only assurances on security of demand and security of investments can guarantee sustainable supply for growing global energy needs.

Chevron Nigeria Limited, CNL, estimates that about $500billion more would be required for new discoveries and fields’ development in the deep water, in addition to the $30billion already spent over the past decade.

Nigerian unit of French oil giant, Total E & P, said it expects two of its major deepwater oil and gas projects to come on stream within the next four years.

To avert downstream chaos and recurrent petroleum products scarcity, industry operators are asking for $900bn bailout from the Federal Government.

A turnover of 88.7 million units worth N74,678.5 million in 700 deals was recorded last week, in contrast to a total of 184.43 million units valued at N179,774.82 million exchanged in 1,068 deals during the week ended Thursday, November 11, 2010.

Nigeria’s Bank PHB said on Friday it was in talks with a consortium of potential suitors led by a bank which could lead to its recapitalisation.

A substantive Director General of the Nigerian Stock Exchange (NSE) is expected to emerge by January 2010 barring any unforseen circumstances.

A $1.1bn programme debt financing for Nigeria National Petroleum Corporation, NNPC, and Exxon Mobil Natural Gas Liquids, NGL2 liquids producing asset has been launched to the bank market by Standard Chartered and United Bank for Africa, UBA Plc.

TOTAL Premier Services Nigeria Limited, TPSNL, has concluded plans to invest $10 million (about N1.5billion) in the building of a modern welding plant at the Onne Oil and Gas Free Trade Zone, FTZ in Rivers State.

AFTER months of permutations, speculations and political intrigues, the Mallam Adamu Ciroma led ‘’17-wise men’’ to get a consensus candidate for the north finally came up with former Vice President Atiku Abubakar as the ‘’anointed aspirant

Residents of mile 2 Estate in Amuwo Odofin Local Government Area, may be relocated by Lagos State Government to enable it sand fill the area and construct a new estate there. This is to tackle the problem of perennial flooding of the area.

A very dark-skinned young man in his twenties who looked as if PHCN took light just as he was about to be born, scratched the back of his neck, and while stamping his feet intermittently on the ground, he screamed: “I want chop O! I want chop O! I go misbehave O!”.