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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.
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.
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 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.
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.
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
Food safety officials in Ho Chi Minh City have urged locals to stop eating dog meat in an effort to improve the national image, an official on Monday said.
The Lead Pastor of Glorious Destiny Family Church, Borokiri, Port Harcourt, Pastor Akeem Idoniboye, has advised young women to stop transacting businesses in hotels in order to escape from a suspected serial killer that targets only young women.
A member of the National Assembly Elections Petition Tribunal sitting in Uyo, Akwa Ibom State, Justice Sheriff Hafizu, has said Senator Godswill Akpabio was robbed of his victory in February 23 National Assembly election.
Red-hot Super Eagles’ striker, Samuel Chukwueze, has purchased a brand-new Ferrari car worth N98, 000, 000.
Three suspected kidnappers have been shot dead in Kogi State during a shooting encounter with a combined team of soldiers, policemen and local hunters.