…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…

…beyond policy discussions. On intra-African trade barriers, the minister identified non-tariff barriers, fragmented regulations and high logistics costs as major challenges. She also listed cross-border payment difficulties, business mobility restrictions and regulatory uncertainty for digital firms as challenges that…

…already battling inflation, rising food prices, transportation costs, electricity tariff hikes and unemployment. “It is unconscionable that at a time when Nigerian families are battling record inflation, soaring food prices, rising transportation costs, crippling electricity tariffs, stagnant incomes and widespread une…

Some car dealers have expressed mixed reactions to the Federal Government’s revised tariff regime, which includes a reduction in import duties on vehicles. The dealers spoke to the News Agency of Nigeria (NAN) on Sunday in Abuja. They said that the policy would reduce vehicle prices, lower business costs and benefit bu…

…meters, refusal to bill some postpaid customers based on meter readings and arbitrary tariff practices. Agbo also alleged that some EEDC staff and marketers collected electricity payments through Point-of-Sale (POS) terminals under questionable circumstances, while some consumers were denied access to statements of acc…

…its 2026 fiscal policy reforms with strong industrial protection measures, warning that tariff liberalisation without adequate safeguards could threaten investments in Nigeria's automotive manufacturing sector. In a position paper submitted to the Minister of Industry, Trade and Investment and copied to the National Au…

The FIFA 2026 World Cup is proving to be more than just football's biggest tournament; it has become a major commercial battleground for sportswear giants Nike and Adidas, both of whom are using the event to boost sales and cement soccer's growing popularity in the United States. With matches being staged across 11 Ame…

…Officer, MTN Nigeria, Mr Karl Toriola, has assured its subscribers that another telecom tariff increase is not imminent. He also clarified his recent comments on unlimited mobile data, saying they were taken out of context. Toriola, who spoke during an interview on TVC's Beyond the Headlines, said his remarks at MTN's…

…African deportees, Washington reversed its visa restrictions and lifted a 15 percent tariff on its cocoa and agricultural exports. But even doing a deportation deal has not helped Equatorial Guinea escape its travel ban. – ‘Legal black hole’ – These deals have been shrouded in secrecy with the number of people deported…

…NCS, Adewale Adeniyi, said yesterday the federal government has reduced the import tariffs on used vehicles from 15 per cent to five and on brand-new vehicles from 20 per cent to 10. Adeniyi spoke when he appeared before the House of Representatives Committee on Customs and Excise to defend the service's 2026 budget pr…

…in October presidential elections. His administration is threatening Brazil with new tariffs over alleged unfair trade practices. Last year, Trump’s administration hit Brazil with steep tariffs over a coup trial against the now-jailed Jair Bolsonaro, 71. However, the duties were lifted after a meeting between Lula and…

…arrangements and unmet programme conditions, including reforms linked to electricity tariffs and sector financing. Education and healthcare also account for a substantial portion of Tinubu's World Bank borrowing. In September 2023, the World Bank approved the $700m Adolescent Girls Initiative for Learning and Empowerme…

…bill averaging over N119bn monthly as the government continues to freeze end-user tariffs. The Nigerian Electricity Regulatory Commission disclosed this in its First Quarter 2026 report, stating that the subsidy arose from the Federal Government's decision to retain electricity tariffs at the July 2024 rates instead of…

…will establish an independent port economic regulator with enhanced powers to regulate tariffs, service standards, competition and commercial conduct, thereby strengthening transparency and investor confidence across the port industry," Akutah stated. According to him, once signed into law, the legislation will establi…

…the end of April, consumers have continued to express concerns over high electricity tariffs, estimated billing, and poor service delivery. Stakeholders have also continued to advocate improved metering, reduced energy theft, and stronger infrastructure investment to enhance the financial and operational performance of…

…where necessary. "NMDPRA will deploy technology to track product movement, develop a tariff regulatory framework to promote fair pricing and leverage expanded private sector investments in LPG storage and cylinder manufacturing to strengthen nationwide supply. "NMDPRA will work to return prices to levels recorded about…

…exports to G20 economies due to their inability to comply with increasingly complex non-tariff measures (NTMs). UNCTAD's warning points to a shift in global trade dynamics where regulatory complexity, rather than tariffs, is increasingly determining who trades, what is traded, and at what cost. In April, the Debt Manag…

…could expand export opportunities. NESG also pointed to China's two-year non-reciprocal tariff-free policy for African exports, introduced in May 2026, as a significant opportunity for Nigerian exporters. The group, however, noted that Nigeria was absent from the first batch of shipments under the Chinese initiative. A…

…been a push within the industry to "re-shore" some of that processing, spurred partly by tariffs and pandemic-era disruptions that made the China round trip less attractive. The bet that Shinkei and Founders Fund are making is that re-shoring the entire chain - catch, kill, process, and distribute - all under one roof…

…poll that found the majority disapprove of his handling of inflation, the economy and tariffs and trade (the poll of 2,512 U.S. adults has a margin of error of 1.95).May 3Only 37% of American adults approved of Trump's job performance in a new Washington Post-ABC News-Ipsos poll conducted between April 24-28 (a survey…

"There are no conversations around tariff review at this time, and there are no discussions around upward review of tariffs for our consumers." "What the regulator, the Nigerian Communications Commission (NCC) has done is to commence what we call the custody that determines the wholesale rate between operators, meaning…