…for citizens, coinciding with planned adjustments to electricity and water consumption tariffs by Saudi Energy and the National Water Company, which are set to take effect on 1 January 2027.King Salman bin Abdulaziz Al Saud approved the measures on October 25, 2026, in Riyadh, following a proposal by Crown Prince and P…

…addressed the broader costs of local production.He explained that reductions in import tariffs alone might not translate into cheaper medicines if manufacturers continued to face high diesel prices, electricity costs and transportation expenses.“Unless the government takes a holistic view of the drivers of the prices o…

…it said.Nigeria's trade regime was described as "somewhat protectionist", with high tariffs and import restrictions intended to protect domestic industries. The report said some businesses were required to invest in local production in exchange for permits and quotas to import the same products. While the government ha…

…said, “Some waivers were given for products like palm oil and rice, and the import tariffs were drastically reduced. It became more favourable for people to import than to patronise local producers.” He said the waivers on food commodities hurt domestic producers, even though lower tariffs on tractors and manufacturing…

…of the petrol subsidy, reforms to the foreign exchange market and changes to electricity tariffs. The Federal Government has repeatedly defended the reforms as necessary to address distortions that had weighed on public finances, discouraged investment and placed pressure on foreign exchange reserves. However, the poli…

…Waheed Lawal. According to the coalition, “any substantial increase in electricity tariffs could raise production costs, reduce disposable income and place additional pressure on small and medium-sized businesses.” The group therefore urged the Federal Government to address structural challenges in the electricity sect…

…supply volumes and tender submissions.Service providers would also have to disclose tariffs, fees and general operating conditions. Hidden surcharges, undisclosed preferential arrangements and informal agreements altering published access terms would be prohibited.Pipelines, depots and jetties face access rulesOwners o…

…increased private participation in the sector. For years, the Federal Government froze tariffs, allowing consumers to pay less than their electricity consumption. The failure of the government to pay the shortfalls as promised has been the major cause of the liquidity crisis in the power sector. However, the power mini…

Hefty US tariffs on some Canadian products took effect on Saturday after days of negotiations that went down to the wire failed to produce an agreement. Canadian Prime Minister Mark Carney vowed that his country will match the US tariffs “dollar for dollar to protect our workers and businesses,” as officials said late…

…rate down to 6.4 percent – its lowest level in two years – as the economy adapts to US tariffs, data showed Friday. Statistics Canada said hiring was split between full-time and part-time work and was spread across industries, from finance to construction. The jobs numbers far exceeded analyst expectations, which forec…

…54 African nations under a single market. The agreement seeks to progressively eliminate tariffs, remove non-tariff barriers and facilitate the free movement of goods, services and investments across the continent. Despite increased trade since the agreement came into force, experts have continued to identify inefficie…

…must fully implement AfCFTA to unlock a $3.4 trillion single market. That means reducing tariffs, harmonizing standards, and building cross-border infrastructure. We must invest heavily in energy and infrastructure. No factory runs without power. No trade happens without roads, rail, and ports. Strategic autonomy requi…

Federal Government assures no immediate increase in electricity tariffs amid ongoing power sector reforms5,000 youths to support nationwide prepaid meter installation through the Presidential Metering InitiativeNigeria generates about 5,000MW of electricity, signalling progress in the reforms for reliable supplyPAY ATT…

…Nigeria AfCFTA Coordination Office, she said the AfCFTA goes beyond the elimination of tariffs, serving as a framework for industrialisation, value addition and job creation across the continent. “AfCFTA is not only about tariffs; it is also about value addition. Africa has to stop exporting raw materials. We need to a…

…not be deprived of any benefits. He also ruled out any plans to increase electricity tariffs in the immediate term.Nigeria's power sector has long been weighed down by a gap between what distribution companies collect from consumers and what it actually costs to generate and transmit electricity, a shortfall the govern…

…are increasingly pursuing bilateral and regional trade agreements that extend beyond tariffs to cover broader economic cooperation. Okonjo-Iweala urged African countries to seize emerging opportunities in green industries and critical minerals, noting that the continent holds an estimated 30 per cent of the world’s min…

…central government, with sector policies actively transitioning toward cost-reflective tariffs. He noted that “Band A” customers have already transitioned, successfully “reducing subsidies by N1 trillion annually.” He said the elimination of subsidies on white petroleum products has improved economics for alternative p…

…net to capture informal-sector workers who can barely feed their families, and raised tariffs on essential imports. The FIRS collected N21.5 trillion in 2024, a record high. Yet the minimum wage, after months of protracted negotiations and industrial action, was raised to a paltry N70,000, a sum that, in real terms, bu…

US President Donald Trump on Friday threatened to hit the European Union with tariffs and a formal trade investigation over Brussels’ latest antitrust penalty against Google. In a post on his Truth Social platform, Trump said the bloc “will pay a very big price for this illegal and highly unethical conduct, which I hav…

…despite US President Donald Trump threatening to respond with "substantial additional tariffs" on European goods.The European Commission, the EU's executive arm, stated that Google failed to comply with the DMA by promoting its own services-including for hotels, shopping, and transport-on Google Search over those of co…

…stable electricity supply would only be achieved if consumers embraced cost-reflective tariffs, stressing that the government could no longer sustain subsidy payments. “The problem in Nigeria is that Nigerians also need to decide how we see power. Do we see power as a social responsibility of the government or do we se…

The United States said Thursday that it would impose new tariffs on 60 trading partners over forced labor concerns, replacing an expiring global duty rolled out by President Donald Trump earlier this year. The levies, which take effect Friday, range from 10 percent to 12.5 percent and impact major economies like China,…

US President Donald Trump signed orders Monday to impose new 50-percent tariffs on many Canadian goods, claiming “discriminatory treatment” by Ottawa against American alcohol, automobile and dairy products. The tariffs take effect in 30 days and cover a wide range of goods including wine, hockey sticks and cement, said…

…Carney “but maybe they should pay us some damages or something, or we should do some tariffs.” The smoke had at one point threatened to disrupt the final. Trump said he also spoke to Spanish Prime Minister Pedro Sanchez, insisting there was “no tension” despite recently lashing out at Madrid for failing to help with th…

…were told that fuel subsidy removal, exchange rate unification, higher taxes and rising tariffs were bitter pills that would eventually restore economic stability. Yet today, the same government cannot explain how more than ₦210 billion found its way into duplicated and overlapping budget provisions,” he said. He linke…