Thursday, May 24, 2018

Tag "tobacco"

    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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    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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    Senate passes resolution seeking ban of tobacco products around schools

Senate passes resolution seeking ban of tobacco products around schools

The Nigerian senate has passed a resolution seeking the ban on the sale of tobacco products around schools.In a statement, The Nigeria Tobacco Control Research Group (NTCRG) and Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), commended the upper legislative chamber for passing the resolution.The resolution was adopted on the floor of the senate on Tuesday.The ministries of health, education [...]

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    ERA/FoEN asks FG to implement provisions of tobacco act

ERA/FoEN asks FG to implement provisions of tobacco act

The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has called on the federal government to take bold steps in implementing the provisions of the 2015 National Tobacco Control (NTC) act.At a press conference in Lagos on Monday, the group said since over two years that the bill was signed into law, not much has been done by the government [...]

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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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    Timi Dakolo, Mr Eazi named ambassadors for anti-tobacco campaign

Timi Dakolo, Mr Eazi named ambassadors for anti-tobacco campaign

The federal government has appointed two musicians, Timi Dakolo and Mr Eazi, as anti-tobacco ambassadors.A statement by the ministry of health said their appointment was to leverage on their influence with young Nigerians. [...]

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    ERA/FoEN files legal action against customs over tax incentives given to tobacco companies

ERA/FoEN files legal action against customs over tax incentives given to tobacco companies

The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has filed a suit against Nigeria Customs Service (NCS) over the agency's refusal to honour its request to provide information on tax benefits granted to tobacco companies.ERA/FoEN made its request to customs in a letter addressed to the Hameed Ali, NCS' comptroller-general, and Kemi Adeosun, minister of finance.The letter, which was [...]

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    Tobacco companies in Nigeria illegally gaining from expansion grant scheme

Tobacco companies in Nigeria illegally gaining from expansion grant scheme

Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), has urged the Nigeria customs service to release detailed information on tax waivers, grants given to British America Tobacco Nigeria (BATN) and other tobacco companies.Oluwafemi Akinbode, ERA/FoEN's deputy executive director, told NAN in Abuja that BATN and some other companies had been benefiting from the Export Expansion Grant (EEG) scheme.He said providing [...]

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    In Nigeria, tobacco companies target children as young as six

In Nigeria, tobacco companies target children as young as six

Tobacco companies are now advertising cigarettes next to sweets and snacks at kiosks in front of primary and secondary schools in Africa, a survey conducted by the African Tobacco Control Alliance (ATCA) has shown.According to Deowan Mohee, ATCA’s executive secretary, the research exposed tobacco companies strategy by monitoring five countries in Africa.“The evidence is clear. British American Tobacco, Philip Morris International, and [...]

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    Nigeria is ‘100% in line’ with Tobacco regulations

Nigeria is ‘100% in line’ with Tobacco regulations

Christiana Ukoli, a professor and leader of Nigeria’s delegation at the on-going World Health Organisation (WHO) Framework Convention on Tobacco Control, says Nigeria is 100% compliant with the WHO conventions on Tobacco control.Ukoli recalled that former President Goodluck Jonathan signed a Tobacco control law in May 2015.She explained that the law sets strong regulatory and control for smoking and promotion [...]

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    Osinbajo: Public perception about smoking needs to change

Osinbajo: Public perception about smoking needs to change

Vice-President Yemi Osinbajo has expressed the federal government’s commitment to the reduction of tobacco use among citizens particularly exposure of underage children to smoking.Speaking at the Presidential Villa in Abuja while receiving leaders of anti-tobacco NGO groups in the country, Osinbajo said inadequate information about the dangers of smoking has made it difficult to convince many to quit the habit."We [...]

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    Adewole vows to enforce ‘anti-tobacco’ act

Adewole vows to enforce ‘anti-tobacco’ act

Isaac Adewole, minister of health, says the federal government will adopt all legal and administrative measures to ensure effective implementation of the National Tobacco Control Act.The act, which is generally regarded as anti-tobacco act, is aimed at “safeguarding and protecting the health of Nigerians from the risks posed by the use of tobacco and tobacco products”.Speaking at the inauguration of [...]

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Exchange Rates

May 24, 2018USDGBPEUR
INTERBANK360.45487.18428.32
LAGOS360495436
KANO360494435
PH361494430
ABUJA360495430
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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