Daily Business Reporter

SUNU Assurances Nigeria Plc has launched a N2.08 billion rights issue aimed at strengthening its capital position and expanding business operations, offering existing shareholders the opportunity to increase their stakes in the company. The development was confirmed in a release on Monday, April 13, 2026, which revealed that the offer had received approval from the […]

The Federal Government has announced the removal of import duties on electric vehicles, mass transit buses, and manufacturing machinery as part of new fiscal measures designed to reduce inflation and ease economic pressure on Nigerians. The policy was disclosed in a statement shared on X by Dada Olusegun, who explained that the changes form part

The Centre for the Promotion of Private Enterprise (CPPE) has criticised a recommendation by the World Bank suggesting that Nigeria increase imports of petroleum products and food to address supply shortages. According to the organisation, such a policy could undermine the country’s efforts to achieve energy self-sufficiency and strengthen its domestic refining capacity. The position

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual income tax returns to April 21, 2026, following increased activity on its electronic tax filing platform. The agency announced the extension in a statement signed by Monsurat Amasa-Oyelude on Friday, explaining that the decision was made to accommodate the growing

President Bola Ahmed Tinubu has instructed key members of his economic team to develop strategies to reduce the impact of the ongoing Middle East crisis on Nigerians, particularly as fuel prices continue to rise across the country. The directive was disclosed in a statement issued by presidential spokesperson Bayo Onanuga after the president addressed a

The Presidential Fiscal Policy and Tax Reforms Committee has dismissed reports suggesting that the Minister of State for Finance, Taiwo Oyedele, admitted that Nigeria’s newly introduced tax laws contained errors. The committee described the claims as misleading and a misrepresentation of the minister’s remarks. The clarification was issued in a statement released by the committee

A new report on the financial habits of Nigerians has revealed a concerning trend: more than half of the country’s population does not save money, highlighting a growing savings crisis in Africa’s largest economy. According to the PiggyVest Savings Report 2025, released in March 2026 by PiggyVest, 53 percent of Nigerians do not prioritise saving

The leadership transition at the African Development Bank (AfDB) represents more than a routine change in management—it marks a potentially transformative moment for Nigeria’s economic outlook. As a founding member and the largest shareholder of the institution, Nigeria stands to benefit from the bank’s evolving strategy, which includes an ambitious plan to scale annual investments