Thursday, September 20, 2018

Tag "alcohol"

    Nigerians to pay more for cigarettes, alcohol from Monday

Nigerians to pay more for cigarettes, alcohol from Monday

The recently approved excise duty for alcoholic beverages and tobacco will take effect on Monday, June 4.President Muhammadu Buhari had approved the amendment to the excise duty rates in March.The amendment came after TheCable had reported that Kemi Adeosun, minister of finance, had written to the president seeking approval for the excise review.Adeosun had said the reviews would be from 2018 to [...]

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    CONFIRMED: Cigarette, alcohol prices to rise as Buhari approves new excise rates

CONFIRMED: Cigarette, alcohol prices to rise as Buhari approves new excise rates

Prices of alcoholic beverages and tobacco products will increase following the approval of an amendment to the excise duty rates by President Muhammadu Buhari.TheCable had earlier reported that Kemi Adeosun, minister of finance, had written to the president seeking approval for the excise review.According to a statement issued by the ministry on Sunday, the review will take effect from June [...]

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    Coca-Cola to launch alcoholic drink

Coca-Cola to launch alcoholic drink

Coca-Cola, a beverage company, says it is planning to produce an alcoholic drink for the first time in the 125 years of its existence.In September, the West African arm of the company had announced plans of spending $600 million on expanding its production lines.Peter Njonjo, president of the West Africa operation at Coca-Cola, had said the company wants to be [...]

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    Adewole: Tobacco, alcohol taxes should be increased — and used to fund health budget

Adewole: Tobacco, alcohol taxes should be increased — and used to fund health budget

Isaac Adewole, minister of health, says consumption taxes on products like alcohol and tobacco should be increased and used for the funding of healthcare.In February, TheCable reported that Kemi Adeosun, minister of finance, had written to President Muhammadu Buhari seeking permission to increase tariff on alcohol and cigarettes.Speaking on Tuesday at THISDAY healthcare financing policy dialogue in Abuja, Adewole said Nigeria [...]

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    EXCLUSIVE: Cigarette, alcohol prices to rise as Adeosun proposes tariff review

EXCLUSIVE: Cigarette, alcohol prices to rise as Adeosun proposes tariff review

Cigarette smoking is not only dangerous to your health -- it may soon start burning holes in your pockets.Kemi Adeosun, minister of finance, is proposing increased tariff for cigarette and alcohol.Her proposal is in line with the implementation of the ECOWAS common external tariff (CET), one of the instruments of harmonising member states to strengthen its common market agreed upon [...]

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    FG to increase taxes on tobacco, alcohol

FG to increase taxes on tobacco, alcohol

Kemi Adeosun, minister of finance, says the federal government is working on policies to increase excise tax on tobacco and alcohol.She said this while speaking at the ECOWAS financial council of ministers in Abuja on Friday.Adeosun was represented by Mahmoud Dutse, permanent secretary of the ministry.Edward Singhatey, ECOWAS vice president, said the commission would increase excise duties on tobacco and other unhealthy [...]

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    Moderate alcohol intake may increase your life span, study suggests

Moderate alcohol intake may increase your life span, study suggests

While many researches have warned of its adverse health effects, a recent study says if consumed lightly or in moderation, alcohol could actually lead to a longer life.According to the study, men who have one or two drinks a day, and women who have one drink a day have a 29 percent decreased risk of heart-related death and a 22 percent reduced risk [...]

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Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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