TROUBLE! MultiChoice MD, directors ordered to produce 2021 audited financial report over tariff hike

The management of MultiChoice Nigeria, including its managing Managing Director, John Ugbe have been invited by to appear before a Consumer Protection (CCPC) Tribunal in Abuja. The tribunal on Tuesday asked Ugbe to appear on September 8 with the company’s 2021 audited financial report. The three-member panel headed by Thomas Okosun, also ordered directors of […]

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FG to review 500% tariff increase on alcoholic beverages – Ngige

Chris Ngige, minister of labour and employment, says the federal government will review the newly introduced 500 percent excise duty on alcoholic beverages. Samuel Olowokere, director of press, ministry of labour and employment, made this known in a statement on Friday in Abuja. The minister was quoted to have made the comment when members of […]

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Alcohol manufacturers reject 500% excise duty hike

The Distillers and Blenders Association of Nigeria (DIBAN) says it rejects the new ”astronomical increase” in excise duty being imposed on domestic wines and spirits. The Chairman of DIBAN, Chief Patrick Anegbe told newsmen on Wednesday in Lagos, that the hike was a threat to the N420 billion investment of the industry. Anegbe said that […]

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