The World Bank Group has said it will support reforms to Nigeria’s electricity tariff and subsidy frameworks as part of efforts to restore financial sustainability in the power sector. The World Bank disclosed this in its Country Partnership Framework for the Federal Republic of Nigeria for the period FY26-FY32. Accord…

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…

…the free 6 minutes, they also get FREE 100MB (50 MB More). This offer is the best-value tariff plan for customers in Nigeria and reinforces Glo as the network that gives more talk time plus Free Data, on every 6 minutes of use.Glo has also enhanced its existing Welcome Bonus Offer, as it now rewards every new customer…

…linked to sales activity, and an extraordinary tax credit. The tax credit, combined with tariff exemptions and an improved business outlook, prompted Embraer to raise its full year guidance. The company now expects to close 2026 with an adjusted EBIT margin between 10 per cent and 10.6 per cent and adjusted free cash f…

…the 2024 measure was presented as a temporary intervention, subsequent fiscal and tariff reforms have altered the import regime.In 2026, the government introduced broader tariff changes that reduced duties on several agricultural products, including rice, rather than maintaining the earlier blanket zero-duty arrangemen…

…lessons for Northern Nigeria and the Lake Chad region. He also identified China’s zero-tariff policy for products from 53 African countries as a major opportunity for Nigeria to expand agricultural exports to the Chinese market. He said commodities including sesame, ginger, cashew nuts and cocoa could benefit from impr…

…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…

…training since 2008. The service has had to absorb today’s costs with yesterday’s tariff base. “The dedication of our workforce has helped bridge that gap, but dedication is not a substitute for a sustainable funding system,” Umar said. He also raised concerns over the Total Radar Coverage of Nigeria (TRACON) system, s…

…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…

…tactics second. Economic diversification AfCFTA + global partnerships like China’s zero-tariff access. Nigeria is done with aid-for-diplomacy. The new model is trade-for-growth. Under President Bola Ahmed Tinubu’s Renewed Hope Agenda, Nigeria is leveraging two levers simultaneously: 1. Continental integration through t…

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…

…challenges with waste disposal infrastructure in Lagos. In the notice titled “Marginal Tariff Review,” the company apologised to customers for the inconsistent service experienced in recent weeks. “We sincerely apologise for the challenge in our service gap in the last several weeks; that service was inconsistent. This…

…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…

…“72 per cent of global goods trade continues to flow on core WTO most-favoured nation tariff terms.” Okonjo-Iweala urged African countries to leverage AI and the global shift towards supply chain diversification to industrialise instead of remaining exporters of raw materials. Warning that the continent could squander…

…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…

…on the recent decision by the United States of America (USA) to introduce a 12.5 percent tariff on imports from Nigeria, the Centre for Promotion of Private Enterprise (CPPE) The post Why 12.5% US tariff may be of little economic impact to Nigeria — CPPE appeared first on Tribune Online.

…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…