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  BY BLAISE UDUNZE In a welcome display of policy sensitivity and economic rationality, the Federal Government has suspended the planned 15 percent ad-valorem import duty on petrol and diesel. This move, announced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), is more than a technical adjustment, it …

Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has faulted the Federal Government’s decision to suspend the proposed implementation of the 15 percent import duty on Premium Motor Spirit (PMS) and diesel imports, saying the move could slow down the nation’s progress toward energy independence and weaken investor …

The curtains are gradually falling on Globacom’s “Glo Innov8” National STEM competition for girls in senior secondary schools across the country, as three top finalists have emerged for the grand finale slated for the Mike Adenuga Centre (Alliance Française), Ikoyi, Lagos. Twenty schools were shortlisted from over 200 entries received, …

BY BLAISE UDUNZE In today’s Nigeria, one uncomfortable truth has become glaring that the fiscal authority collects, but it does not build. It borrows, but it does not produce. It taxes, but it does not empower. For years, the Nigerian government has pursued fiscal policies more obsessed with revenue than …

  The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has commended the Federal Government’s decision to impose a 15% tax on imported petrol and diesel, describing it as a bold and strategic move that will stimulate economic growth, encourage local production, and create employment opportunities for Nigeria’s growing …

Tony Elumelu’s AEDC lays-off 800 workers amid epileptic power supply The Abuja Electricity Distribution Company (AEDC), a power distribution firm owned by billionaire businessman, Tony Elumelu, has confirmed the mass layoff of its workers amid persistent power outages across the country.   The Witness had earlier reported that the DisCo …

  The Osun Development Association (ODA) a non-partisan and non-sectarian group of prominent Osun State indigenes has concluded plans to host the maiden edition of Osun Development Summit with the theme, “Developing a Sustainable Blueprint for Sub-National Development through Public-Private Sector Synergy”. Scheduled for December 4, 2025 in the State …

  As part of activities marking the 50th Anniversary of Angola’s Independence, the Government of the Republic of Angola, under the leadership of President João Manuel Gonçalves Lourenço, has announced the conferment of a National Order of Honour on Nigeria’s late Head of State, General Murtala Ramat Muhammed, GCFR.   …

By BLAISE UDUNZE Nigeria’s banking sector has entered a season of reckoning. Eight of the nation’s biggest banks have collectively booked N1.96 trillion in impairment charges in just the first nine months of 2025 which represents a staggering 49 percent increase from the N1.32 trillion recorded in the same period of 2024. …

The judge Rahman Oshodi delivered the judgement on Wednesday after the banker changed his plea from not guilty to guilty. The Lagos State Special Offences Court in Ikeja has sentenced a banker, Samuel Asiegbu, to one year’s imprisonment without an option of fine for his role in an alleged N8.56 …