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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China, US announce tariff ceasefire

The United States and China have announced a ceasefire in their tariffs war, hours after US President Donald Trump upended another international forum by snubbing G20 action on trade disputes and climate change. Over a dinner of steaks and Argentine wine in Buenos Aires, Trump and President Xi Jinping brokered a truce to ensure that […]

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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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