Nigeria cuts electricity subsidies by 35% after tariff hike

LAGOS, April 17 (Reuters) – Nigeria has achieved a 35% reduction in electricity subsidies following a tariff increase implemented last year for some users, Power Minister Adebayo Adelabu said on Thursday, easing...

Nigeria cuts electricity subsidies by 35% after tariff hike

South Africa finance minister says dropping VAT hike would have severe consequences

Nigeria signs minerals pact with South Africa in diversification push

Latest News

Google Lost The AI Lead. Can Quantum Put It Back on Top?

Bitcoin to hit $250,000 this year says Cardano founder

Cardano founder Charles Hoskinson talks bitcoin’s $250,000 future

Will Trump’s tariffs cause the next recession?

Botswana central bank holds main interest rate at 1.90%

Kenya land standoff sends warning to foreign-owned tea estates

South African rand weaker as markets await tariff, local government news

African Markets – Factors to watch on April 17

China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on goods

Kenya’s cenbank to lift moratorium on new commercial bank licenses

Commonwealth jackpot as seven nations battle for future Games

Are Elon Musk and Tesla giving up on EVs?

Quote Finder

Market Movers

Opinion

Afreximbank African Trade Centres, catalysing business across Africa and the Caribbean

The Africa Opportunity: A Global Private Capital Imperative

The African Continent is (relatively) immune to Trump’s tariffs

Africa looks to the UAE for partnership in a transactional world order

Market Movers

Most Active

CNBC Africa TV

Tshwane Mayor Moya details growth plans for the City

How S.Africa’s restaurant industry is curating new recipes for success

Designated non-financial businesses & professions boost SA’s grey list exit

Absa: Online shopping becomes new norm in South Africa

Kaba: Data important to track gender equality progress & policy action

UNCTAD: World economy on a recessionary trajectory

Fitch: Nigeria’s external debt expected to rise to $5.2bn in 2025

How can Nigeria sustain compressed natural gas investment drive?

Examining how tariffs impact Africa’s investment relations with the world

Kenya aiming for $865mn World Bank, AfDB loans to bridge budget deficit

Post-Sudan ban, Kenyan tea targets West Africa markets

Africa’s green investment frontier

Nigeria plans petroleum products’ stockpile

Ghana to auction gh¢6.61bn T-bills today

Analysing strategies to address Nigeria’s food inflation

SEID: Consumers' price-sensitivity paves way for less indigenous brands

Botswana keeps benchmark rate steady 1.9%

Trade war upends markets and the 2025 economic outlook

PSG FY25 recurring HEPS up 24.7%

World Bank President previews 2025 Spring Meetings

East African market watch

Catalytic funding & scale-ready market pathways for youth-led ventures

Maser Group CEO upbeat of growth despite recession jitters

Rwanda makes strides in reducing poverty rates in latest household survey

Clicks Group H1’25 revenue up 6.2%

PSG FY25 recurring HEPS up 24.7%

Afreximbank posts 28.7% PAT growth in FY'24

Axa Mansard profit up 116% to ₦25.9bn in FY'24