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Tag "excise duty"

‘Unpleasant impact on revenue, employment’ — MAN kicks against new tax on carbonated drinks

    ‘Unpleasant impact on revenue, employment’ — MAN kicks against new tax on carbonated drinks

The Manufacturers Association of Nigeria (MAN) has kicked against the introduction of excise duty on all non-alcoholic, carbonated and sweetened beverages. Segun Ajayi-Kadir, MAN director-general, said this on Wednesday while

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Coke, Fanta prices to rise as FG imposes N10/liter excise duty on carbonated drinks

    Coke, Fanta prices to rise as FG imposes N10/liter excise duty on carbonated drinks

The federal government has introduced an excise duty of N10/litre on all non-alcoholic, carbonated and sweetened beverages. Excise duty is a form of tax imposed on the production, licensing and

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Customs seeks excise duty on soft drinks

    Customs seeks excise duty on soft drinks

The Nigeria Customs Service (NCS) has called for the re-introduction of excise duty on all drinks produced in the country. Hameed Ali, comptroller-general of the NCS, disclosed this at an

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World Bank: Nigeria can earn N600bn from tobacco, alcohol tax increase

    World Bank: Nigeria can earn N600bn from tobacco, alcohol tax increase

The World Bank says Nigeria can generate more than N600 billion annually by increasing excise duties on tobacco and alcohol as recommended in its Nigeria development update (NDU) report. Rajul

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Soft drinks to cost more as customs proposes excise duty

  Soft drinks to cost more as customs proposes excise duty

The revenue drive by government agencies is about to hit your thirst. The Nigeria Customs Service (NCS) is proposing to

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FG mulls new tax on Coke, Bigi, other soft drinks

  FG mulls new tax on Coke, Bigi, other soft drinks

Zainab Ahmed, the minister of finance, says the federal government is considering introducing excise duty on carbonated drinks. The minister

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Heineken Nigeria announces plan to raise prices

  Heineken Nigeria announces plan to raise prices

Heineken Nigeria says it will raise the price of its products to offset the increased cost of production due to

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Nigerian Breweries made N19.4bn profit in 2018 — all will go to shareholders

  Nigerian Breweries made N19.4bn profit in 2018 — all will go to shareholders

Nigerian Breweries Plc has announced a profit after tax (PAT) of N19.4 billion for the 2018 financial year. The company

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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.

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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

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