With $7.6bn, about N1.15tn spent on importing an estimated 8.1million metric tons (MT) of petroleum products from around the world in the last eleven months, including non-oil producing countries, even in Africa like the troubled Cóte D’Ivoire, and Togo, Nigeria remains very far from energy sufficiency.

KIDNAPPERS of the wife and children of a popular Nollywood actor, John Okafor, popularly known as Mr. Ibu from Enugu State, Thursday, reduced the ransom they are demanding for their release from the initial N50 million to N6 million.

Super Eagles coach Samson Siasia returns from his vacation to the United States of America on Sunday, in time for Monday’s opening of the national team camp for the Obama Cup International from February 12-20 at the Green Bowl stadium in USA.
He will also have the opportunity of meeting his two assistant coaches, Salisu Yusuf and Ike Shorunmu.

First Bank Plc has offered to provide agricultural loans to cooperatives societies in Osun State, and training kits for all volunteers who participate in the Osun Youth Empowerment Scheme (OYES).

Investors in Sterling Bank Plc had a rewarding 2010 as the bank’s shares led others in the banking sector to close the year as the highest price gainer.

Analysts on the Nigerian Stock Exchange (NSE) has said that AMCOM contribution to the capital market and banks result which are to be released between now and march has made investors patronage on bank stocks high, noting that these factors are the main reason for the market drive.

In line with its customer excellence programme, management of Afribank Nigeria Plc has engaged its customers in interactive fora with a view to fostering better relationships in the New Year. At different fora last week the bank assured of “mutually beneficial relationship” with its customers.

Operatives of National Drug Law Enforce Agency, NDLEA, yesterday, arrested a husband, aged 60 and wife, aged 57 (names withheld), printer and trader, respectively, with 2.280 kiligrammes of heroin at the Murtala Mohammed International Airport Lagos.

The the award-winning producer of stylish digital devices, has unveiled the new iriver Story HD eBook the world’s first 6” XGA eBook reader with 63.8% more pixels and faster page turns than the competition at the ongoing Consumer Electronics Show, CES 2011 which opened today on Las Vegas, the United States of Ameria.

The annual Expo Pakistan contributes over N750 ($50million) million to the economy of Pakistan even as the country prepares for the sixth edition titled Expo 2011.

MARITIME Workers of Nigeria, MUWN, has issued a 14_day ultimatum to Nigeria Ports Authority, NPA to address alleged reckless dismissal, victimization, intimidation and unfair treatment of members in Kirikiri Jetty , Apapa , failing which the entire terminal would be shut down

Pandemonium will best describe the scene that fateful Friday of December 31, 2010. This was after an explosive device was detonated at a part of the Mammy market located inside the Mogadishu Cantonment Barracks in Abuja where people sell roasted fish.

The leadership tussle rocking the Nigeria Premier League has assumed a worrisome and dangerous trend following the decision of the Nigeria Football Federation to sack Davidson Owumi and order fresh election, an election that various interest groups and persons are already reading different undertones to, even as they are eyeing the plum job.

At the ongoing Consumer Electronics Show holding in Las Vegas, United States of America, Safe Communications Inc, has launched beta registration for MouseMail.com, the revolutionary patent-pending online security service that protects children from vulgar, sexual or bullying emails, text messages and social networking interactions.

A new Greenpeace product survey released at the ongoing Consumer Electronics Show in Las Vegas, United States grades the greenest desktop computers, notebooks, netbooks, computer monitors, mobile phones, smartphones and televisions available on store shelves in the first quarter of 2011.