Monday, October 15, 2018

Tag "excise duty"

    Nigerian Breweries records 22% profit decline, blames new excise duty

Nigerian Breweries records 22% profit decline, blames new excise duty

Nigerian Breweries says it recorded a 22 percent decline in profit after tax for the half year ended June 30.This is according to the company’s unaudited result submitted to the Nigerian Stock Exchange (NSE) for the period under review.NAN reports that the company posted a profit after tax of N18 billion compared to N24 billion recorded in the corresponding period [...]

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    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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    EXCLUSIVE: FG to return excise duty on recharge cards, fruit juice

EXCLUSIVE: FG to return excise duty on recharge cards, fruit juice

The federal government will re-introduce excise duty on some goods manufactured in the country and excisable imported goods in line with the directive of ECOWAS council of ministers.In a letter addressed to President Muhammadu Buhari and seen by TheCable, Kemi Adeosun, minister of finance, said spaghetti and noodles would be exempted from the changes.Adeosun said noodles and spaghetti were exempted [...]

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Exchange Rates

October 15, 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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