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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 …

Zest Payments is proud to announce that it has been honoured with two prestigious recognitions at the 2025 MSME Finance and CEO Awards, organized by the Africa Global Economic Forum. Zest emerged as the MSME Fintech Payment Platform of the Year, acknowledging the company’s innovation, reliability, and impact in driving seamless payments for …

Ambrosie Orjiako, co-founder and former chairman of Seplat Energy Plc is in fresh trouble as a court in the British Virgin Islands (BVI) has ruled that he fraudulently concealed assets to evade repayment of a $220.3 million debt owed to Access Bank. The enforcement order, delivered by Justice Abbas Mithani …

A prosecution witness on Tuesday told an Abuja High Court that former governor of Taraba, Darius Ishaku’s name was not mentioned in a “transaction details”. The witness, Ismail Lawal, a former personal assistant to Ishaku, gave the details during cross-examination in the trial of the former governor. “The first defendant’s …

P+ Measurement Services, Nigeria’s leading independent media intelligence and PR measurement agency, will proudly host the 2025 edition of AMEC Measurement Month in Nigeria on Friday, November 28, 2025, from 12:00 p.m. to 2:00 p.m. (WAT) via Google Meet. Themed “From Outputs to Outcomes: Measuring What Matters,” this year’s event will convene leading professionals …

By BLAISE UDUNZE In a year when Nigeria’s economy continues to groan under the weight of inflation, unemployment, and weak purchasing power, the banking sector has once again recorded a massive windfall, not from lending to the real economy or financing innovation, but from investing in government securities. According to …