By Godwin Anyebe Emerging-market stocks and currencies are heading for their best week since early March amid optimism over China’s economy and US President Donald Trump’s tariff reprieves. With most markets closed for Easter, the MSCI Emerging Markets Index rose on Friday, taking its weekly advance to 2.2%. Currencies of commodity-linked countries, including South Africa, […]
By Godwin Anyebe Tariff worries and global uncertainty triggered portfolio outflows from emerging market. Bonds and stocks in March, especially from China, fading out a positive start to the year, the Institute of International Finance (IIF) said on Thursday. Total non-resident flows registered a net outflow of US$17.1 billion (HK$133.38 billion) across emerging market fixed […]
BY MOTOLANI OSENI The recent 50 per cent tariff hike approved by the Nigerian Communications Commission (NCC) is set to bolster the profitability of telecom operators, offering a lifeline to an industry grappling with currency devaluation and soaring operational costs. While the sector played a key role in Nigeria’s economic recovery from the 2020 recession, […]
The Federal Government has directed affected Mobile Network Operators (MNOs) to reverse the unilateral upward tariff adjustments. The Nigerian Communications Commission (NCC), through a letter dated Oct. 12, gave the directive following media reports of unilateral implementation of the recently approved 10 per cent upward tariff adjustments. The adjustments were for some voice and data […]
Ikeja – Ikeja Electric Plc (IE) on Friday said it would begin implementation of its revised electricity tariff from July 1. The electricity distribution company made the announcement in a statement signed by its Head of Corporate Communications, Mr Felix Ofulue. Ofulue said the new tariffs, which are service reflective, are end-user rates to be […]