Tag Archives: tariff

The euro has rebounded against the US dollar over the past two trading days on news that the US president-elect may consider a gradual pace of hiking tariffs. However, the trend may be vulnerable to the upcoming US CPI, which is expected to remain sticky in December. ADVERTISEMENT The euro-dollar pair, EUR/USD, rebounded after hitting a fresh two-year low of …

Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast. ADVERTISEMENT Global sales of battery electric vehicles are expected to reach 15.1 million in 2025, marking a 30% jump, according to S&P Global Mobility. Battery electric vehicles are expected to make up 16.7% of the market share for light …

The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, has announced that telecom tariffs in Nigeria will soon increase, but not by the 100 percent proposed by Mobile Network Operators (MNOs).   Following a stakeholders’ meeting with the MNOs in Abuja on Wednesday, Tijani confirmed that consultations and engagements are ongoing, and the Nigerian Communications Commission (NCC) will …

Nigerian telecommunications companies said they proposed a 100 per cent tariff hike to the regulator, the NCC, across voice, data and digital and are awaiting approval.  The proposal, which has been submitted, aims to address rising operational costs, including inflation and increased service delivery expenses.  The disclosure was made by the Chief Executive Officer, MTN Nigeria, Karl Toriola, during an interview on …

Aba Power Limited Electric (APLE) has submitted an application to the Nigerian Electricity Regulatory Commission (NERC) seeking approval for a tariff increase.    Ugo Opiegbe, Managing Director of Aba Power, presented the proposal during a NERC hearing in Abuja on Tuesday, December 10.   The company plans to raise electricity tariffs across various consumer categories starting in 2025. For Band …

US President-elect Donald Trump has escalated tensions with the BRICS bloc by threatening to impose 100% tariffs on imports from member countries if they proceed with creating a new currency to rival the US dollar.   In a statement posted on his Truth Social platform on Saturday, November 30, Trump declared, “The idea that the BRICS Countries are trying to …

The US has for years been a major destination for Chinese goods, but exporters are reducing their reliance on the world’s largest consumer market as Beijing and Washington feud over trade. ADVERTISEMENT Visitors who bought fridge magnets at Times Square or other tourist hotspots around New York in recent years are unlikely to have known they were buying something made …