Alex Enumah in Abuja

A High Court of the Federal Capital Territory (FCT) has turned down a request to stop the President Bola Tinubu-led federal government from implementing the new tax regime scheduled to commence from January 1, 2026.

Recall that President Bola Tinubu had few days ago vowed to proceed with the implementation of the controversial Nigeria Tax Act, 2025.

Responding, a public interest group, the Incorporated Trustees of African Initiative for Abuse of Public Trust, had approached the court with a motion exparte seeking an order of injunction to restrain Tinubu and the federal government from proceeding with the implementation of the new tax law, pending the hearing and determination of the motion on notice filed by the group.

The group predicated their legal action on alleged discrepancies in the new tax laws.

Listed as defendants in the motion marked: FCT/HC/M/17240/2025, are the Federal Republic of Nigeria, President of the Federal Republic of Nigeria, Attorney General of the Federation, President of the Senate, Speaker of the House of Representatives and National Assembly as defendants.

The plaintiff in the motion exparte sought for an order of interim injunction pending the hearing and determination of the substantive suit to stop/ restrain the federal government, FIRS, National Assembly, or any of its agencies from implementing, executing, and/or enforcing any of the provisions of the gazetted Nigeria Tax Act, 2025, Nigeria Tax Administration Act, 2025, the Nigeria Revenue Service (Establishment) Act, 2025 or the Joint Revenue Board of Nigeria (Establishment) Act, 2025 for any reasons, pending the hearing and determination of the Motion on Notice.

They also sought for another order of interim injunction pending the hearing and determination of the motion notice, restraining the President, either by himself or through any agency of the federal government created under the gazette Nigeria Tax Act, 2025 Nigeria Tax Administration Act, 2025, the Nigeria Revenue Service (Establishment) Act, 2025 or the Joint Revenue Board of Nigeria (Establishment) Act, 2025 from implementing the provisions of those Acts of the National Assembly in any states of the federation where applicable, pending the hearing and determination of the motion on notice.

However, delivering ruling, Justice Bello Kawu declined the request and directed the federal government to proceed with the full implementation of the tax law pending the hearing and determination of the motion on notice.

Though the ruling was delivered on December 23, the Certified True Copy (CTC) of the ruling signed by the Registrar of the court, Hadiza Sambo Gwandu, dated December 30, 2025, was obtained on Wednesday.

The judge held that there was no concrete and strong evidence before the court to warrant the granting of the reliefs sought.

Specifically, Justice Kawu said: “I have considered the application together with the affidavit in support. I have also considered the submission of the learned counsel for the claimant/applicant together with the judicial authorities cited and I am of the strong view that the court lacks power to stop implementation of a law already signed by the appropriate authority without concrete evidence of any wrong doing.

“At this preliminary stage, it will be difficult if not impossible to prove any wrong doing because at this stage, the court should be careful not to touch on the main issue. It is my considered opinion that granting injunction at this preliminary stage will be touching the subject matter in the main suit.
It should be noted that once an Act is signed into law, it can only be repealed by the lawmakers or any offending section set aside by the court of law; be that as it may, exparte application cannot be used to set aside the coming into force any Act already signed into law or gazetted.

“In view of the above, the implementation of the Tax Act 2025 and other related Acts will commence on January 1, 2026 and continue to be in force pending the hearing and determination of the originating motion before this court, ” Justice Kawu ruled.

Meanwhile, the matter has further been adjourned to January 9, 2026 for hearing of the motion on notice.

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Former Minister of Transportation and ex-Governor of Rivers State, Rt. Hon. Chibuike Rotimi Amaechi, has called on Nigerians to make the New Year a turning point by demanding accountable governance, comprehensive economic reforms, and improved security across the country.

In his New Year message to the nation, Amaechi, on behalf of his family, extended wishes of peace and prosperity to households nationwide, while acknowledging the severe challenges Nigerians faced in the past year, including economic hardship, rising cost of living, and widespread insecurity.

He said the difficulties of the previous year had tested the nation’s resilience, noting that many families were weighed down by poverty and uncertainty. Amaechi urged citizens to collectively commit to rebuilding Nigeria by holding leaders accountable and insisting on governance that is responsible, transparent, people-oriented, and responsive.

The former Speaker of the Rivers State House of Assembly stressed the need for far-reaching economic reforms aimed at job creation, poverty reduction, affordable healthcare, housing, food, and access to quality education. He also emphasized the importance of political and electoral reforms that would guarantee free, fair, and transparent elections, anchored on justice, fairness, and the rule of law.

Amaechi reaffirmed his commitment to standing with Nigerians, pledging to continue speaking truth to power, challenging policies that deepen hardship, and offering constructive ideas to restore dignity, economic prosperity, and improved security in the country.

According to him, Nigeria’s greatness does not rest with a privileged few or the ruling elite, but with the collective determination of ordinary citizens to build a nation where opportunities and prosperity are shared by all.

He concluded by expressing hope that the New Year would bring healing, renewed courage, and a brighter future for present and future generations, wishing Nigerians a Happy New Year.

The post Amaechi urges Nigerians to demand accountable leadership, economic reforms in new year message appeared first on Vanguard News.

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The new Nigeria Revenue Service (NRS), which replaces the now defunct Federal Inland Revenue Service (FIRS), has been officially unveiled with a new brand identity.

NRS came into operation following the signing of its enabling law known as the Nigeria Revenue Service Establishment Act 2025 by President Bola Tinubu in June 2025.

According to a statement that was issued by the agency, the executive chairman of NRS, Zacch Adedeji, explained that the logo and other brand elements for NRS represent an important milestone in the evolution of Nigeria’s revenue administration framework.

The statement quoted Adedeji as saying that “the unveiling of the NRS identity reflects a renewed commitment to a more unified, efficient, and service-oriented revenue system, one that is aligned with Nigeria’s economic transformation agenda and global best practices.”

According to him, the new identity “signals continuity of purpose, strengthened institutional capacity, and a forward-looking approach to supporting taxpayers and national development.”

“The Nigeria Revenue Service remains committed to transparency, partnership, and service excellence. The unveiling of this new identity represents not an end, but the beginning of a strengthened relationship between the revenue authority and the Nigerian public—built on trust, clarity, and shared prosperity,” the statement said.

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Super Eagles forward Ademola Lookman has criticised the Confederation of African Football, CAF, for its decision to change the Africa Cup of Nations, AFCON, to a quadrennial event.

Lookman said the change is unfortunate for Africans, limiting their opportunities to enjoy the AFCON tournament.

The Atalanta player shared his thoughts with reporters following Nigeria’s 3–1 victory over Uganda in the 2025 AFCON tie on Tuesday.

“The decision has been made and you can’t really change it,” Lookman, who has won the African Footballer of the Year award in the past, said.

“It is a shame for Africans in terms of being able to get the tournament two years that we’ve been used to; it is a disappointment,” he added.

Patrice Motsepe, the president of CAF, recently announced that, starting in 2028, the AFCON will be held every four years.

This change follows the 2027 edition in East Africa, marking a shift from the tournament’s long-standing biennial format, which has been in place since 1968.

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The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has advocated zero tolerance for economic and financial crimes and other acts of corruption in 2026.

He gave this charge in Abuja on Wednesday, in a New Year Message signed by the Head of Media and Publicity, Mr Dele Oyewale.

According to the “Anti-Corruption czar”, the euphoria of the new year is gladdening but should awaken in every Nigerian deeper drives for accountable conduct in order to make the nation enviable and sustainably great.

“As we welcome the new year with excitement and renewed hopes, let us renew our commitment and channel our energy to the paths of accountability and zero tolerance for corruption”, he said.

He expressed optimism that Nigeria will surely break away from the shackles of poverty and deprivation, stressing that the Renewed Hope agenda of President Bola Tinubu is hinged on making Nigeria great again.

“We can make Nigeria greater. This is the pivot of the Renewed Hope agenda of Mr President. Nigeria will rise again”, he said.

He wished Nigerians a happy and more fulfilling 2026.

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The African Democratic Congress (ADC) has called on Nigerians not to lose hope due to the challenges in the country and said it has come to rescue Nigeria from the failures of the All Progressives Congress (APC).

The ADC National Chairman, Senator David Mark, in his New Year message to Nigerians, said the party is aware of the repeated failure of governments to deliver on past promises.

Mark noted that many are sceptical, but called on them to overcome their doubts and cynicism and join the ADC in its historic mission to rescue the country.

“We do not claim to be perfect, but do not doubt our sense of duty and our commitment to be on the good side of history,” he added.

The former President of the Senate stated that ADC as a coalition platform was born out of necessity, “to arrest Nigeria’s gradual descent into an authoritarian one-party state, and to rescue our country from a government that behaves more like an army of occupation than a government elected by the people, for the people.”

He added that the party was conscious of the responsibilities before it, adding that the legitimacy of the rescue mission will depend on the willingness of Nigerians to commit to a higher principle of politics, driven primarily by patriotism and service to the people.

“Since we announced the coalition, we have been encouraged by the overwhelming support and enthusiasm of ordinary Nigerians across the length and breadth of our country,” he said.

Mark noted that the year 2025 was a difficult year for the majority of Nigerians, stating that the renewed hope the All Progressives Congress (APC) government promised has yielded more misery and widespread hardship, as Nigerians battled with the rising cost of living.

“Food, basic drugs, and transportation were priced out of the reach of most people as a result of the government’s misguided policies, which have condemned more people to multidimensional poverty,” he added.

The ADC National Chairman, however, said, “When all hope appeared lost, when the ship of our country floundered, when it looked like Nigeria would never rise again, it would be said that some people came together, not because they were perfect, but because they recognised the significance of the moment and said Nigeria must not fail. It must rise again.”

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The 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has welcomed Peter Obi, a former governor of Anambra State, into the African Democratic Congress (ADC).

PREMIUM TIMES reported that Mr Obi, the 2023 presidential candidate of the Labour Party (LP), defected to the ADC on Wednesday in Enugu.

Mr Obi, earlier in 2025, declared his intention to contest in Nigeria’s 2027 presidential election.

‘Significant moment’

In a post on his Facebook page Wednesday evening, Atiku, a member of the ADC, said Mr Obi’s defection to the party “marks a significant moment in the history of political coalition” in Nigeria.

“It is my pleasure to welcome him officially, as we look forward to a robust working relationship that will foster a virile opposition, one that will ultimately form a government capable of bringing prosperity and peace to our people,” he said.

The former Nigerian vice-president, who is also seeking the ADC 2027 presidential ticket, described Mr Obi as “my brother and associate.”

He expressed hope that Mr Obi’s defection to the ADC in Enugu State would help inspire others to join the party in the South-east.

“And as the ADC coalition train leaves Enugu, the capital of the South-east region, I hope this inspires other patriots to join the cause with the train headed in their direction,” he said.

Mr Obi’s defection to the ADC is a confirmation that the former governor will seek the party’s presidential ticket for the 2027 election.

The former governor was Atiku’s running mate in the 2019 presidential election, running under the PDP platform.

Atiku and Mr Obi were the presidential candidates of the PDP and the LP in 2023, respectively, but lost to the APC candidate, Bola Tinubu, who is now the president.

Both politicians vigorously but unsuccessfully challenged Mr Tinubu’s victory at various courts in Nigeria, including the country’s Supreme Court.

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By Chuks Oyema-Aziken

The Armed Forces of Nigeria (AFN) have neutralised several top terrorist commanders in ongoing operations against terrorism, banditry, and other forms of criminality across the country.

The Nigerian defence authorities disclosed that hundreds of notorious terrorist leaders—many of whom were on the military’s wanted list—have been eliminated across various theatres of operation.

Among the high-profile terrorist commanders, their lieutenants, and foot soldiers taken out are Aminu Kanawa, Dan Bokolo, Bello Buba, Dan Inna, Halilu Sabubu, Abu Dan Shehu Jabbi, Dogo Bashiru Yellow, Abba Allai (also known as Amirul Khalid of Alafa), Amir Abu Fatimah, Kingpin Auta, Abdul Jamilu, Salisu, Malla Jidda, Talha, Mallam Umar, Abu Yazeed, Kabiru Bebe, Maiwada, Mai Dada, and Nwachi Eze (aka Onowu).
Other notorious bandits eliminated include those known by the pseudonyms Dosso, Suleiman, Jagaban, and Danja.

The Director of Defence Media Operations (DDMO), Major General Michael Onoja, made the disclosure while addressing Defence Correspondents on Thursday in Abuja during a briefing on end-of-year military operations.

Maj. Gen. Onoja stated that the Defence Headquarters (DHQ) is aware that some terrorist factions are relocating to certain communities in response to sustained military pressure on their strongholds.

“Intelligence, Surveillance, and Reconnaissance (ISR) assets are actively monitoring terrorist movements across various operational theatres. Several movements have been identified and are currently being tracked,” he said.

He affirmed that the Armed Forces of Nigeria, in collaboration with other security agencies, have intensified proactive measures to prevent fleeing terrorists from infiltrating or destabilising communities.

According to him, troops have continued to conduct both kinetic and non-kinetic operations aimed at degrading terrorist capabilities, neutralising specific threats, protecting civilians, and creating a secure environment for economic activities to thrive.

Providing an overview of military operations conducted nationwide in 2025, Maj. Gen. Onoja highlighted significant operational achievements in the sustained effort to safeguard Nigeria’s sovereignty, protect lives and property, and uphold national security.

He added that troops have continued to adapt to evolving security challenges.
Within the period under review, troops arrested 4,375 suspects, received the surrender of 1,616 terrorists and their family members, and successfully rescued 2,336 kidnapped victims.

He further revealed that troops of Operation DELTA SAFE thwarted oil theft valued at ₦8,918,647,206.
The Director noted that reports of an influx of armed herders into some communities are being taken seriously by defence authorities. He urged citizens to remain calm, vigilant, and cooperative with security agencies, while encouraging prompt reporting of any suspicious movements or activities.

Maj. Gen. Onoja reaffirmed the Defence Headquarters’ unwavering commitment to safeguarding lives and maintaining national security, stressing that the AFN and other security stakeholders remain resolute in denying terrorists, insurgents, bandits, kidnappers, and other criminal elements freedom of action across the country.

He added that the Chief of Defence Staff (CDS), General OO Oloyede, personally commended the troops for their bravery and professionalism, assuring Nigerians of the military’s continued determination to ensure the safety and security of all citizens.

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• An observant man shared the heartbreaking impact that the viral accident would have on Anthony Joshua after he lost his associates
• He said two deep prayers for the boxer who lost his friends in the accident and detailed how he would cope with the grief for life
• What he said moved many people, and they took to the comment section to sympathise with the boxer and wish him a safe recovery

A Nigerian man shared what he observed concerning the accident involving British heavyweight boxer Anthony Joshua.

Two close associates of the renowned Nigerian-born boxer lost their lives in the accident that happened on a major road in Ogun State.

Anthony Joshua: Man Shares Heartbreaking Impact of Accident on Boxer, Says 2 Deep Prayers For Him
Source: UGC

The car carrying the three men and the driver hit a stationary truck on the road. Joshua sustained minor injuries and was taken to a hospital in a police van, as no ambulance was immediately available at the scene.

Read also

Anthony Joshua: Man who knew boxer’s late fitness trainer shares 2 things about him

Anthony Joshua: Man shares accident impact on boxer

A video showing where the truck was packed during the accident surfaced online, and an X user, @damrid_, shared how the accident may affect the boxer.

He said:

“Anthony Joshua recovering from the injuries is one battle, but living with the loss of his closest friends is another entirely. Losing close friends; people who weren’t just teammates, but brothers leaves a kind of pain that time doesn’t easily erase. “They were part of his daily life, his journey, his victories, and his private moments. Healing the body may be possible, but learning to accept that they’re gone is a wound that cuts far deeper.“Grief like this doesn’t come with a finish line. Some days will feel manageable, others unbearable, because their absence will always be felt; in training, in silence, in moments they were meant to share together. Strength doesn’t mean moving on quickly; sometimes it means simply carrying the loss with dignity and honoring their memory by continuing forward.

Read also

Anthony Joshua’s accident: Daniel Wilson shares life-saving tip that could have saved boxer’s friends

“May he find peace in remembering them, and strength in knowing they were loved and will never be forgotten.”

See the X post below:

Anthony Joshua’s accident: Reactions trail man’s analysis

@HappyEntertain5 said:

“Keeping Anthony Joshua and everyone affected, in my prayers. Wishing a speedy recovery to the injured, and sincere condolences to the families who lost loved ones in this tragic incident. May God grant you strength and comfort.”

@bolajiadegunle said:

“very true; this kind of scene leaves with him.”

@the_emmytex4 said:

“I pray he heals from this trauma.”

@maxitaker said:

“Such a beautiful picture this men where so full of life and now share the same death day so sad my prayers to their family and prayers as well to anything Joshua wishing him speedy recovery.”

Anthony Joshua’s accident: Journalist Rufai Oseni reacts

Meanwhile, Legit.ng previously reported that journalist Rufai Oseni reacted to the accident involving Anthony Joshua, which claimed the lives of two people.

The journalist raised two thought-provoking questions regarding how the boxer was rescued from the scene of the accident.

What he said generated buzz on social media, as many shared their thoughts on the viral accident trending online.

Source: Legit.ng

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* Apologises to Nigerians

The Labour Party (LP) has described the defection of its 2023 presidential candidate, Mr. Peter Obi, to the African Democratic Congress (ADC) as a relief, declaring that the party has now been “finally liberated” from an internal crisis it blamed on the former presidential flagbearer and his allies.

The party also pleaded for forgiveness from Nigerians for presenting Obi as its presidential candidate in 2023 election, saying it was a major political error.

LEADERSHIP had reported that Obi announced his defection to ADC in Enugu State on Wednesday, where he delivered a New Year address, accusing the current political leadership of state capture, economic mismanagement and systematic erosion of democratic values. He also said his defection was guided solely by patriotism and national interest.

READ ALSO: Peter Obi, South-East Senators, Others Join ADC In Enugu

But, in a strongly worded statement issued on Wednesday and signed by LP National Publicity Secretary, Obiora Ifoh, the party said it had long parted ways with Obi and was unsurprised by his exit.

“We have since September 2024 parted ways with Peter Obi and some of his blind supporters in the National Assembly. We have patiently waited for this day. The party is finally liberated by this defection and, as party leaders, we count it as a blessing,” the statement read.

The party also took a swipe at Obi’s address during his formal declaration at the ADC event in Enugu, describing it as uninspiring.

“We also took note of the lacklustre speech Mr. Obi made at the occasion, and wondered what new he intends to sell to Nigerians,” LP stated.

According to the party, Obi and Abia State governor, Dr. Alex Otti, were responsible for the prolonged leadership crisis within the Labour Party, alleging that both sponsored “an insurrection against the Julius Abure leadership.”

“The crisis we had in Labour Party was caused by Peter Obi and the Abia State governor, Dr. Alex Otti. It was them that sponsored the insurrection against the Julius Abure leadership,” the party claimed.

LP added that it had previously urged Obi and his supporters to leave the party if they could not work with its leadership, noting that several lawmakers were suspended for anti-party activities.

“As a matter of fact, the party had suspended many of the lawmakers for anti-party activities and was clearly going to mete the same treatment on the presidential candidate but for the intervention of some well-meaning Nigerians,” the statement said.

The party also expressed surprise that Governor Otti had not followed Obi out of the party despite his suspension.

“We had also expected Governor Otti to follow Obi out of the party. We are surprised that even though he has been suspended from the party, he is still loitering around. It is still not too late for him to follow his political leader,” it added.

Reacting to the Enugu event, the Labour Party claimed that the gathering was largely boycotted by key political and traditional stakeholders in the South-East politics, dismissing those in attendance as lacking political relevance.

“All we saw were mere political spent forces who cannot win in their wards should there be an election today,” the party said, warning that this was “a clear danger signal that the Obi presidency (or vice presidency) is already a failed project from inception.”

The party further argued that Obi’s 2023 presidential bid had negatively affected the South East, alleging that the zone suffered marginalisation under President Bola Ahmed Tinubu’s administration as a result of misplaced political trust.

“He must be told that the South East lost out completely in President Ahmed Tinubu’s government because they trusted and believed in him in 2023,” LP stated, noting that while “some states of the federation boast as much as five ministers, the entire states in the South East was given a paltry five ministerial slot.”

In a rare admission, the Labour Party apologised to Nigerians for presenting Obi as its presidential candidate in 2023, conceding it as a major political error.

“We gave Nigerians a candidate we thought was good for the nation in 2023, but time has since proved that we made the greatest political mistake. We plead for forgiveness from Nigerians,” the party said.

The party has pledged to rebuild and reposition ahead of future elections.

“Finally, we urge Nigerians to watch out for the Labour Party. We are already working out the best prospect that we hope will bring Nigeria back to its glorious days,” it added.

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The Caretaker Committee of the Peoples Democratic Party, PDP, in Delta State has said Nigeria cannot afford to degenerate into a one-party state.

Prof. Sylvester Monye, state chairman of the PDP Caretaker Committee in Delta State, stated this in a heartfelt New Year message to the people of the state at home and in the diaspora, stressing that a strong and functional opposition is indispensable to Nigeria’s democracy.

According to him, he is confident that adherence to democratic principles will safeguard the integrity and independence of all political parties, including the PDP.

While extending greetings to party leaders and faithful members across the state who, he said, heroically stood firm and made untold sacrifices to keep the party thriving, Monye noted that the beginning of a new year is always an appropriate moment for reflection and renewed commitment to service, guided by the principles of peace, equity and collective responsibility.

He said it was therefore crucial for all political actors to adhere strictly to due process, internal democracy and the highest standards of political conduct, warning that decisions taken now would have far-reaching consequences for Nigeria’s democratic system.

According to him, with certain matters involving the PDP currently before the courts, the party wishes to underscore the Supreme Court’s consistent position that the internal affairs of a political party are primarily to be managed by the party itself, without undue judicial interference.

Monye said that despite differences in political affiliation, Deltans are united by a shared duty to uphold the stability, unity and orderly development of the state.
Their mandate, he said, is to ensure that the PDP remains cohesive, responsive and ready to play its constitutional role in Delta State, a traditional PDP stronghold.

He urged all leaders and members of the PDP in the state to conduct themselves with discipline, restraint and respect for party rules and democratic norms, noting that the credibility of the party’s internal processes would ultimately determine its standing before the electorate.

“To the good people of Delta State, we reaffirm our unwavering commitment to protecting your interests and aspirations. In the days ahead, the Caretaker Committee will continue broad-based consultations and engagement with stakeholders across the state, ensuring that political discourse remains focused on good governance, development, and the rule of law.

“The year 2026 is particularly significant, as it precedes the 2027 general elections and will see the conduct of party primaries.

“In Anyanwu v. PDP and the recent SDP v. INEC decision, the court affirmed that courts should exercise restraint and respect the autonomy of political parties.

“In line with the the legal principle of “stare decisis”, we trust that the judiciary will continue to uphold these established precedents, thereby safeguarding party independence, legal certainty, and the stability of democratic processes, while respecting ongoing proceedings.

“We, members, of the great PDP in Delta State, we remain committed to constitutionalism, constructive engagement, and principled leadership. We are equally dedicated to reorganizing and strengthening the party, particularly in the wake of recent defections, and to prepare for the orderly conduct of congresses that will usher in substantive executive officers,” Monye said.

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Aradel Holdings Plc has completed the acquisition of an additional 40% equity interest in ND Western Limited (NDW), lifting its total shareholding in the upstream company from 41.67% to 81.67%.

According to the company’s corporate disclosure filed with the Nigerian Exchange (NGX) on Wednesday, December 31, the consolidation transactions was finalised on 31 December 2025, and positions NDW as a full subsidiary of Aradel Energy Limited.

The acquisition also increases Aradel’s indirect ownership in Renaissance Africa Energy Company Limited (Renaissance) from 33.3% to 53.3%, granting the company majority control in the joint venture operator of the prolific OML 34 asset.

The transaction, initially announced on 24 October 2025, followed the fulfilment of all regulatory and contractual conditions, including approvals from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Competition & Consumer Protection Commission (FCCPC).

How the deal deepens Aradel’s footprint in OML 34 and Renaissance JV 

ND Western holds a 45% participating interest in Oil Mining Lease (OML) 34 in the Western Niger Delta. The asset, one of Nigeria’s major oil and gas-producing hubs, also anchors the operations of Renaissance Africa Energy Company Limited, the joint venture operator in which NDW owns 50% share capital.

By raising its stake in NDW to 81.67%, Aradel significantly expands its upstream influence, giving it stronger operational leverage within the Renaissance JV and across the OML 34 value chain.

The company’s release, signed by the company’s Chief Financial Officer, Adegbola Adesina, confirmed that the transaction received all necessary regulatory clearances, including from NUPRC and FCCPC, and complies with all governance and disclosure requirements.

Aradel described the acquisition as aligned with its long-term strategy of disciplined portfolio consolidation, asset expansion, and sustainable value creation. The company said the increased ownership supports improved scale, efficiency, and resilience across its asset portfolio.

CEO says acquisition drives scale, efficiency, and long-term value 

Commenting on the transaction, Aradel’s Chief Executive Officer, Adegbitte Falade, said the acquisition is “a further step in the execution of our growth and consolidation strategy.” 

“Increasing our equity interest in ND Western reinforces Aradel’s position as a leading indigenous integrated energy company and enhances our ability to drive long-term value for shareholders through scale, operational efficiency, and portfolio optimisation,” Falade stated.

With this move, Aradel strengthens its status as one of Nigeria’s most significant indigenous players in the upstream oil and gas sector, amid a wider industry shift toward consolidation and improved capital efficiency.

Stock performance after news break 

The stock closed on Wednesday, December 31, 2025, at N670.00 per share on the Nigerian Exchange (NGX), recording a 1.5% drop from its previous closing price of N679.90. This suggests that the market is yet to respond to positive news about the deal.

Aradel began the year with a share price of N598.00 and has since gained 12% on that price valuation, ranking it 105th on the NGX in terms of year-to-date performance.

On Monday, October 28, the stock hit its year high of N869.00 per share before moderating to the current price.

Aradel Holdings is the 41st most traded stock on the Nigerian Stock Exchange over the past three months between Oct 2 and Dec 31, 2025. It has traded a total volume of 196 million shares in 44,117 deals valued at N134 billion over the period, with an average of 3.11 million traded shares per session.

A volume high of 30.4 million was achieved on November 17th, and a low of 211,676 on November 28th, for the same period.

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Linus Aleke in Abuja

The Nigerian Air Force (NAF) has eliminated no fewer than 2,351 terrorists through sustained, intelligence-led air campaigns conducted across multiple theatres of operation nationwide.

According to official figures, the successes were achieved through 247 Air Interdiction (AI) missions executed in 379 combat sorties, targeting terrorist enclaves, logistics bases, training camps and key mobility routes.

These operations formed part of a broader air power effort aimed at degrading the operational capacity of terrorist and bandit groups.

A statement issued by the Director of Public Relations and Information of the Nigerian Air Force, Air Commodore Ehimen Ejodame, noted that the Air Interdiction missions alone accounted for nearly 800 flight hours, highlighting the service’s endurance, reach and growing operational dominance.

He added that the statistics do not include numerous additional missions involving Intelligence, Surveillance and Reconnaissance (ISR), close air support to ground troops and armed reconnaissance.

Beyond the immediate neutralisation of hostile elements, the air interdiction campaign delivered far-reaching operational effects.

Precision strikes disrupted supply lines, severed movement corridors and weakened command structures linking terrorist enclaves across the North-East, North-West and North-Central regions.

These outcomes significantly reduced the freedom of action of terrorist groups, enabled ground forces to reclaim contested areas and improved security in several previously volatile communities.

The statement further explained that the sustained air onslaught led to a noticeable decline in the morale and operational tempo of terrorist and bandit networks, contributing to a measurable contraction of their influence across key threat corridors.

In the Niger Delta, NAF air operations also produced strategic gains in the area of maritime and energy security.

Targeted strikes destroyed hundreds of illegal refining reservoirs, 126 storage tanks and several boats used by oil thieves and criminal syndicates.

These actions weakened the financial lifelines of organised crime, supported improved oil production levels and reinforced national economic stability.

Reacting to the achievements, the Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke, said the results reflected the increasing precision, effectiveness and lethality of Nigerian Air Force operations.

“The outcomes recorded in 2025 underscore the impact of intelligence-driven targeting, improved aircraft availability, enhanced crew proficiency and seamless coordination with ground forces and other security agencies,” he said.

Air Marshal Aneke attributed the improved operational readiness of the Service to sustained support from the Federal Government under President Bola Ahmed Tinubu, particularly through investments in modern platforms, personnel welfare, training, infrastructure and enabling policies.

He noted that strong political will and consistent funding have been critical to the NAF’s ability to deliver credible air power in support of national security objectives.

Looking ahead, the CAS assured Nigerians that the Air Force would intensify kinetic operations in 2026 while maintaining strict adherence to Rules of Engagement and International Humanitarian Law.

He stressed that criminal and terrorist elements would continue to face decisive action wherever they operate within the country.

The Nigerian Air Force also reaffirmed that the protection of civilians remains central to its operations, with continuous improvements in intelligence validation, targeting procedures and mission oversight to minimise collateral damage.

Citizens were urged to remain vigilant and to support security agencies with timely and credible information as efforts continue to restore lasting peace, stability and national prosperity.

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A former member of the Ogun State House of Assembly, Hon. Moruf Musa, has been abducted by gunmen and taken to an undisclosed location.

Musa was reportedly kidnapped on Tuesday evening at about 7pm from his residence in Ibiade, Ogun Waterside Local Government Area of Ogun State.

The hotelier, who previously served as Chief Whip of the Ogun State House of Assembly, is also the Coordinator of the Otunba Gbenga Daniel Movement, a group promoting the 2027 second-term senatorial ambition of Senator Gbenga Daniel, who represents Ogun East in the 10th Senate.

As of the time of filing this report, it was unclear whether the kidnappers had contacted Musa’s family to demand a ransom.

When contacted on the incident, the Commissioner of Police, Ogun State Command of the Nigeria Police Force, CP Lanre Ogunlowo, confirmed that the police were already handling the matter.

“We are working on it,” Ogunlowo said.

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.As traders beg for moratorium

By Olasunkanmi Akoni

The Lagos State Environmental and Sanitation Corps, LAGESC, popularly called KAI, has announced plans to intensify crackdown on illegal street trading, hawking, and roadside activities across the metropolis from January , 2026, warning that wares displayed on public roads and pedestrian walkways will be cleared and confiscated.

Total ban on street trading

Recall that the state government has declared a complete ban on street trading, beggars, hawking and other environmental nuisances across the state.

In terms of enforcement, KAI operatives have been conducting regular operations to clear roads, pedestrian bridges, and walkways of traders and miscreant with arrests and prosecution of violators.

The Corps Marshal of LAGESC, Major Olaniyi Cole (Retd), made the declaration during the Lagos West Senatorial District Stakeholders’ Meeting 2025, held at the Multi-Agency Safety Arena Hall, Bolade, Oshodi, Lagos as part of activities marking the end of the year.

The event, themed: “Building a Cleaner Lagos: Improving Compliance with Environmental Sanitation Laws,” had in attendance market leaders, transport unions, community leaders, government officials and members of the public.

Cole said the enforcement drive aligns with the Lagos State Government’s policy to eliminate street trading and other environmental infractions in order to promote the culture of a cleaner, healthier and more sustainable environment for residents.

The retired senior military man, said the measure has become expedient following series of petitions and nuisance being constituted on the highway by recalcitrant traders.

According to him, “The Community Stakeholders Meetings, initiated in 2022, provide a platform for collaboration among market associations, local governments and development councils, environmental officers and sister agencies such as: the Lagos Waste Management Authority (LAWMA), Lagos State Parks Agency (LASPARK) and the Lagos Neighbourhood Safety Agency (LNSA), with the aim of encouraging voluntary compliance with environmental laws.

“Throughout the year 2025, LAGESC intensified enforcement operations across major highways, inner roads, markets, pedestrian bridges and public spaces.

“These operations targeted street trading, illegal refuse dumping, abuse of road setbacks and medians, blockage of drainage channels and the unlawful occupation of pedestrian bridges.”

During the interactive session, Cole assured stakeholders that concerns about the performance of some Private Sector Participants, PSPs, waste operators were being addressed.

He however, cautioned market leaders against encouraging illegal market structures and reiterated the agency’s commitment to working with Community Development Associations and Committees.

Cole cited a recent three-week collaboration with Amuwo-Odofin Local Government that led to the removal of hundreds of environmental infractions.

The Permanent Secretary, Office of Environmental Services, Ministry of the Environment and Water Resources, Dr. Gaji Tajudeen, represented by Mr. Sanni Olayinka, described KAI as a frontline agency in enforcing environmental sanitation laws in Lagos.

“KAI has continued to promote orderliness, cleanliness and public safety through sustained advocacy, monitoring and enforcement.

“The Corps’ street-level presence and digital engagement have increased public awareness of environmental responsibilities,”PS stated.

A representative of LAWMA, Mr. Jacob Ashogba, explained that delays at dump sites during the rainy season were largely due to operational challenges, assuring residents that efforts were being intensified to improve waste evacuation across the state in the coming years.

Also speaking, the Iyaloja-General of Oshodi, Sikirat Adeyanju, commended KAI operatives for sustained environmental surveillance, disclosing that market leaders in Oshodi now engage late-night sweepers to ensure daily waste evacuation, a move she said has improved cleanliness in the area.

She also praised the President-General of the Association of Commodity Market Women and Men of Nigeria, Chief Mrs. Folashade Tinubu-Ojo, for what she described as visionary leadership.

The meeting was also attended by representatives of LASPARK, LNSA, the Nigerian Legion, market associations, community development groups and stakeholders from Ikeja, Agege, Mushin, Ifako-Ijaiye, Alimosho, Ajeromi-Ifelodun, Oshodi-Isolo, Ojo, Amuwo-Odofin and Badagry areas.

However, mixed reactions trailed the planned enforcement on street trading as members of the Market Association appealed to the agency to grant a moratorium at the start of the new year, requesting additional time to engage traders involved in roadside trading.

They urged KAI to explore robust public sensitization program as well as internal consultations to take effect before commencing full enforcement, warning that sanctions should only be applied if compliance efforts fail in the coming months.

The post Illegal street trading: KAI declares fresh clampdown on operators January 1st appeared first on Vanguard News.

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