Daily Archives: January 5, 2017

Coca-Cola sued in U.S. court for allegedly minimizing the health impact of sugary drinks

Atlanta-based Coca-Cola and the American Beverage Association, a trade group, are being sued in a U.S. court for allegedly misleading consumers about the true health effects of sugary drinks.

A non-profit organization – The Praxis Project accused the beverage giant and the trade group of downplaying the risk of soft drinks on health in order to grow sales, despite evidence from the scientific community linking sugary drinks to obesity, diabetes and cardiovascular disease.

FG cuts import tariffs on 115 items including milk, tea

The Federal Government said on Wednesday it had approved the reduction of import duties on 115 items in various sectors of the economy as part of its effort to promote development in critical sectors of the economy.

The tariff reductions were approved by President Muhammadu Buhari as part of its fiscal policy measures of the Federal Government for the country.

The Minister of Finance, Mrs. Kemi Adeosun communicated the measures through a circular, which she said was in line with the provisions of the Economic Community of West African States Common External Tariff.