Tag Archives: Beer

Police raid illegal brewery in Lagos

The Lagos State Police Command on Wednesday raided an illegal brewery in the Egbe-Afa, Igbobo area of Ikorodu, where counterfeit malt drinks and stout are produced.

A team of investigators from the Lagos State Police Command led by the Commissioner of Police, Imohimi Edgal arrested five suspects.

CPC endorses FG’s move to increase excise duty on alcohol and tobacco

The Consumer Protection Council (CPC), on Tuesday put its weight behind the Federal Government’s decision to raise the excise duty rates on alcoholic beverages and tobacco products.

The agency’s Director-General, Mr Babatunde Irukera, said the increase would serve as a measure to reduce the risks of abuse and disease. Irukera said that though CPC protected the rights of all consumers and their prerogative to make personal lifestyle choices, it, however, encourages responsible consumption in all circumstances.

MAN opposes excise duty rate increase on alcohol, tobacco; seeks its reversal

The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to reverse the newly proposed excise duty rate increase on alcohol and tobacco products, saying that its implementation will lead to job losses and plant closures in the affected industries.

The President, MAN, Dr. Frank Jacobs, spoke on the issue in Lagos on Wednesday while addressing the media on the association’s position on the African Continental Free Trade Agreement.

NUFBTE chides FG’s new excise duty on alcoholic beverages, tobacco

The National Union of Food Beverage and Tobacco Employees (NUFBTE) has criticised the Federal Government and threatened to go on a labour strike over the planned increase on the excise duty rates for alcoholic beverages and tobacco.

While speaking at a meeting by the organised labour, President of NUFBTE, Lateef Oyelekan, said that more than 20,000 workers are presently employed in the alcoholic and tobacco sector and may lose their jobs if the amendment takes effect.

New excise duty rates on alcohol, tobacco too low – IMF

The International Monetary Fund (IMF) has said that the recently implemented excise duty rates for alcoholic beverages and tobacco products by the Federal Government of Nigeria were too low and instead should be higher to act as “a fail-proof revenue raising strategy.”

The World body is recommending a 100% increase in excise duty be slapped on the affected products to conform to global norms.

European barley prices to rise amid bad weather

European barley prices are on the rise as wet and cold weather in May and June has led to a drop in quantity and quality harvested, according to analyst at Bernstein Research.

While Forward prices for the North American winter grain, which are normally harvested between late July and September, have been falling marginally over the past few years, bad weather in western Europe, which harvests the crop a bit earlier than the US, has seen less crop harvested with poorer quality leading to estimated higher prices.

SABMiller’s Third-Quarter performance boosted by Africa, Latin America

Brewing giant, SABMiller, reported a higher than expected third-quarter revenue at constant currencies as its businesses in Africa and Latin America turned in strong performances.

The world’s second-largest brewer by sales after Anheuser-Busch InBev said net producer revenue – which accounts for excise and other taxes rose 7% at constant currencies in the three months ended December 31 compared with a 4% rise for the same period in 2014.

UK arm of AB InBev reaffirms commitment to providing nutritional information for beer

beer

AB InBev UK, has restated its commitment to providing full ingredient and nutritional information for its beers sold in the UK, reaffirming a European pledge made with other brewers last year.

Information will include energy values, fat and saturated fats, carbohydrates, sugars, proteins and salt.

Moderate intake of beer is good for cardiovascular health, says scientists and nutritionists

Drinking beer in moderation is good for cardiovascular health, says Dr. Henk Hendricks, a biologist and project leader in the Institute for Food and Nutrition in the Netherlands.

At a beer and lifestyle symposium sponsored by Nigerian Breweries and held in Lagos on Tuesday, Dr. Hendricks noted that all causes of cardiovascular diseases are beneficially impacted when beer is consumed in moderation. These effects, he added, have been observed in all age groups and genders (young and old, men and women).

Guinness Ireland to open experimental brewery to public

For the first time in its history, Guinness is to open its experimental brewery at its birthplace in Dublin, Ireland to the public.

Since the invention of the iconic brand over a century ago, the company has kept the workings of its experimental brewery a closely guarded secret.