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Multichoice tariff hike – Reps to investigate mode of operations, others

By Channels
06 April 2017   |   2:26 pm
Multichoice tariff hike - Reps to investigate the mode of operations, others.

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Stocks in Asia are trading mixed after President Trump indicated he's likely to go ahead with higher tariffs on Chinese imports if talks fail to produce a deal. He told the Wall Street Journal the rate could be either 10 or 25% if he can't make progress with China's leader Xi Jinping when they meet at the G-20 Summit in Argentina.
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President Donald Trump’s top trade negotiator said the government must keep the option of raising tariffs on Chinese imports as a way to ensure Beijing lives up to a trade agreement that could be finalized in a matter of weeks.
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As part of the automotive policy introduced in 2014 to encourage local manufacturing and assemblage of vehicles, the Nigerian Government has increased tariff on imported vehicles from 20 percent to 70 percent.
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The US president increased tensions with the hike as the stock markets went into a tailspin. Trump tweeted that he would be increasing tariffs by 5% on $300 billion of Chinese goods.
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The Importers and Exporters Association in Ghana are kicking against a planned 11 per cent tariff hike for cargo handling at terminal three of the Tema Port. The Association’s Executive Secretary, Samson Awingobit Asakia joins CNBC Africa from Accra for more on this story.
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The scheduled increment of electricity tariff in Nigeria will begin from July this year according to the Minister of Power, Sale Mamman who has also noted that the COVID-19 outbreak has impacted plans to reposition Nigeria’s electricity market. Oti Ikomi, CEO and Executive Vice-Chairman of Proton Energy joins CNBC Africa for more.
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Nigeria’s planned electricity tariff hike which was earlier scheduled for the first of July has been postponed until the first quarter of 2021. This decision was taken by the leadership of the National Assembly after a meeting with the regulators NERC, and representatives of electricity distributors. George Etomi, Director of the Eko Electricity Distribution Company joins me to discuss this story and more.
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