Citigroup Incorporated will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the U.S. Securities and Exchange Commission said on Wednesday.

As part of efforts towards attracting foreign investments to Oyo State, Governor Abiola Ajimobi has wooed German Intervention Development Partners to the state.

Etisalat Nigeria, yesterday, joined its counterparts, Airtel and MTN, to announce compensation to its BlackBerry customers .

Moral Re-Armament/Initiative of Change Nigeria(MRA/IofC), in collaboration with the Kaduna Interfaith Mediation Centre, has concluded plans to host HARAMBEE 2011 in Nigeria, and play host to South Africa, Kenya, Ghana and Ethiopia.

When a serving Police officer, Corporal Oni Olayinke, attached to the Lagos State Command left Lagos for Kaduna some time in April, 2011 to assist one Sunday Ogbu deliver a car to his customer, simply identified as Emma in the Northern City, little did he know that the journey would bring sorrow and tears to his aging father, Mr. Olayinke (Snr) who since the ill-fated journey, has not set eyes on his son.

Nigeria plans to sell 108.11 billion naira ($667.14 million) in 91-, 182- and 364-day treasury bills next week at its regular debt auction, the central bank said on Wednesday.

The 7th international conference of the Nigeria Institute of Electrical and Electronics Engineers, NIEEE, has ended in Warri, Delta State, with the conference noting that the power reform programme of the Federal Government should show transparency.

Like a fine wine that tastes better as it gets older, Superstory TV drama series from the stable of Wale Adenuga Productions marks ten years of great stride with a sizzling hot story titled, “Sister Sister”.

THE Nigerian Ports Authority, (NPA) has recorded an increase in the number of vessels that called at the nation’s seaports in the month of August 2011.

Maritime stakeholders operating at the Tin can Island Port complex in Lagos have once again complained about the deteriorating condition of the port access roads in Lagos as it affect the smooth running of business within the port premises, even as they have tasked the government to ensure that it finds a lasting solution to the bad roads.

GOVERNOR Abiola Ajimobi of Oyo State has sacked all the principal officers of the tertiary institutions in the state excluding Ladoke Akintoila University of Technology, Ogbomoso.

GOVERNOR Emmanuel Uduaghan, has tendered electoral materials in defence against the petition challenging his election by Chief Great Ogboru, Democratic Peoples Party, DPP, governorship candidate during the April 26 polls.

Ahead of tomorrow’s Lagos State local government elections, the African Renaissance Party, ARP, has passed a vote of no confidence on Lagos State Independent Electoral Commission, LASIEC, over the conduct of the polls.

IN bid to ensure that indigenous shipping firms get contracts to lift crude and refined petroleum products Nigerian Chambers of Shipping (NCS) has partnered the American Bureau of Shipping to make Nigerian owned get proper classification.

The Minister of Mines and Steel Development, Mr Musa Sada, said that his ministry had set up a special revenue committee on non-oil mineral resources.