Ekiti State has become the first state in Nigeria to domesticate the Nigeria Tax Administration Act following the signing of the Ekiti State Revenue Administration Law, 2025, by Governor Biodun Oyebanji. The governor assented to the new revenue law on Wednesday in Ado-Ekiti. At the same time, he also signed the state’s 2026 budget of…
The Federal Competition and Consumer Protection Commission (FCCPC) has cautioned inter-city road transport operators against imposing arbitrary fare hikes during the festive season. The warning follows a surge in consumer complaints across several parts of the country. The commission acknowledged that the yuletide period often comes with increased travel demand. It also recognised that operators…
Africa’s richest man, Dr. Aliko Dangote, has issued a seven-day ultimatum to a Kaduna-based businessman, Engr. Kailani Mohammed, demanding a full retraction and public apology over alleged defamatory statements or face a N100 billion lawsuit. Dangote made the demand through his legal counsel, Dr. Ogwu James Onoja (SAN), in a letter dated December 20, 2025….
The Federal Government has announced plans to introduce a mandatory vehicle recycling fee from 2026. The policy forms part of wider reforms aimed at modernising Nigeria’s automotive industry and unlocking new revenue streams. The National Automotive Design and Development Council (NADDC) disclosed this in a statement issued on Sunday. Its Director-General, Joseph Osanipin, said the…
The Nigerian National Petroleum Company Limited (NNPCL) has recently reduced the price of petrol. The decision is welcome news for many Nigerians who have been struggling with the cost of fuel. The new developments were announced on the 20th of December, 2025. Moreover this adjustment marks the third price drop this month. Consumers welcome the…
Judge Diane Freniere sentenced Brian Walshe to life in prison without parole on December 18, 2025. She imposed this mandatory term for first-degree murder. Walshe also received consecutive sentences for misleading police and improper body disposal. As a result, Walshe faces additional time behind bars. He showed no emotion during the hearing. Background of the…
Elite athletes under 30 are no longer building wealth from salaries alone. Today, massive contracts, endorsement deals, and smart branding have pushed young sports stars into elite financial territory.Below is ALO360’s ranking of the Top 5 Richest Athletes Under 30 Worldwide in 2025, ranked from No. 5 to No. 1, based on total annual earnings….
The Chief Executive Officer of Eko Electricity Distribution Company (EKEDC), Rekhiat Momoh, has raised alarm over widespread electricity theft by wealthy residents and hotels. She said the practice is one of the biggest causes of financial losses in Nigeria’s power sector. Momoh spoke at a PwC power roundtable held recently in Lagos. According to her,…
The board of directors at Warner Bros. Discovery unanimously advises rejecting Paramount’s offer. Leaders at the firm evaluated the $108 billion offer and found it wanting. Leaders instead are supportive of the merger with Netflix. Reasons Behind the Rejection According to the board, the reasons for the offer being rejected are the lack of funding…
Electricity generation on Nigeria’s national grid has declined following gas pipeline vandalism, according to the Nigerian Independent System Operator (NISO). The system operator confirmed the development in a statement released on Tuesday, linking the power drop directly to disruptions in gas supply to major power plants. Gas Pipeline Vandalism Disrupts Power Generation NISO explained that…
