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Senate asks federal government to suspend planned 500% increase in tariff on alcoholic beverages

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.

Federal government defends new excise duty on alcoholic drinks

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.

Ministry: New tax on alcohol, tobacco not targeted at 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.

Group drags federal government to court over new excise rates for tobacco, alcoholic beverages

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 Buhari approves new excise duty rates for alcoholic drinks, cigarettes

President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from June 4, 2018.

Federal govt proposes higher tariff for cigarette, alcohol

Minister of Finance, Mrs. Kemi Adeosun, is proposing increased tariff for cigarette and alcohol.

Manufacturers oppose plans to review ‘prohibition list’

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.

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Bank customers begin payment of charges for cash deposits, withdrawal

The Central Bank of Nigeria, CBN, has said customers making cash deposits or withdrawals will pay charges beginning from today in line with its new policy.

Eight Lille fans in custody after Amsterdam unrest

Amsterdam police were holding eight Lille fans on Wednesday, a day after arresting more than 300 supporters of the French club ahead of its Champions League game against Ajax.
Saudi Prince Mohammed bin Salman, 31. - AFP PHOTO - FAYEZ NURELDINE

Saudi Arabia unveils evidence of Iran’s link to attacks

Saudi Arabia said it would show evidence on Wednesday linking regional rival Tehran to an unprecedented attack on its oil industry that Washington believes originated from Iran in a dangerous escalation of Middle East frictions.

Police lay siege to venue of pro-Sowore protest

About 50 policemen in 10 trucks have surrounded the premises of the Committee for the Defence of Human Rights (CDHR) in Adeniyi Jones area of Ikeja in Lagos.

Governor Lalong: We’ll recover lost economy fortunes of Plateau

Plateau State Governor Simon Bako Lalong has said that his administration is determined to recover the economic fortunes of the middlebelt state and create employment opportunities for young people and women as a way to strengthen the existing peace.g