States Slashing Electricity Tariffs Amid Fallout from Electricity Act In the wake of the Electricity Act, several Nigerian states are moving to cut electricity tariffs—including Enugu, which recently slashed its Band A tariff from ₦209/kWh to ₦160/kWh, effective August 1, 2025. This decision, taken by the Enugu Electricity Regulatory Commission (EERC), has been met with strong criticism…
U.S. President Donald Trump has agreed to extend the deadline for tariff negotiations with the European Union by over a month, following a tense exchange of threats and a phone call with European Commission President Ursula von der Leyen. Initially, Trump had imposed a 20% import tariff on most EU goods, later reducing it to…
Britain’s economy grew more than expected in the first quarter, official data showed Thursday, covering the period before business tax hikes and US President Donald Trump’s tariffs blitz took effect. The UK’s gross domestic product (GDP) grew by 0.7% between January and March, according to a statement from the Office for National Statistics (ONS). This…
US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners ahead of further promised trade levies next week. Wall Street saw a decline ahead of President Trump’s scheduled Wednesday afternoon announcement, while Toyota, the world’s leading automaker, experienced a drop of over three percent. The…
