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Tariff Technical Committee
The Senate yesterday directed the federal government to suspend the implementation of the proposed 500 per cent hike in excise tariff on alcoholic beverages and tobacco products.
The Federal Ministry of Finance said the new excise duty rates on alcohol and cigarettes, which came into effect on June 4, was not targeted at destroying local manufacturers.
Nigeria’s newly increased tax on alcohol and tobacco is not targeted at local manufacturing industries, the country’s finance ministry has explained.
President Muhammadu Buhari at the weekend approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from today, Monday, 4th June, 2018.
President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from June 4, 2018.
Minister of Finance, Mrs. Kemi Adeosun, is proposing increased tariff for cigarette and alcohol.
Having scaled up production and improved capacity utilisation for the manufacturing of soap and detergent, footwear, bags and suitcases, as well as used compressors, local manufacturers have kicked against assessed efforts by the Tariff Technical Committee (TTC) to remove the items from the prohibition list.
At least nine persons including a police officer, have been reportedly killed by gunmen at different locations in three local government areas of Rivers State.
Former Governor of Plateau State and Senator representing Plateau North, Dr Jonah David Jang, has accused the All Progressives Congress (APC) of manipulating the Independent National Electoral Commission (INEC) to enable them rig the rescheduled Presidential and National Assembly Elections.
The Labour Party governorship candidate in Kwara state, Issa Aremu, has said the postponement of the general elections by the Independent National Electoral Commission (INEC), was accompanied with mixed feelings.
The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has ruled out political influence in the postponement of the Presidential and National Assembly elections earlier scheduled to hold on February 16 and March 2, 2019.
The National Chairman of the All Progressives Congress, Adams Oshiomhole, has condemned the postponement of the general elections by the Independent National Electoral Commission.
A new private radio station, ‘Our People’s FM’, allegedly owned by former Governor Ayo Fayose has been sealed off by the Ekiti State government.
Police authorities in Kano said over 15,000 policemen have been deployed for Saturday’s presidential election.
Junior foreign ministers from Britain and Russia met in Germany on Saturday in the highest-level contact between the two countries since an alleged nerve agent attack in Britain last March froze diplomatic relations.
President Muhammadu Buhari says he will probe the spending of the $16 billion Independent Power Project executed by the administration of former President Olusegun Obasanjo.
Former Secretary General of the Nigeria Football Federation, Chief Taiwo Ogunjobi, has passed on.