Daily Archives: June 4, 2018

Group takes FG to court over new excise duty rates increase on alcohol, tobacco

June 04, 2018   Editor   No comments

A Non-Governmental Organisation (NGO), the Business Renaissance Group (BRG) has dragged the Federal Government to court to prevent it from implementing the new excise duty rate increase on alcohol and tobacco which went into effect earlier on Monday.

The suit was brought to court by Christian Hon, from the Law firm of J-K Gadzama (SAN), on behalf of the group.

BRG had in in May staged a protest at the National Assembly, calling the new excise duty rate increase, ‘Killer Taxes on alcohol and beverages’.

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Budweiser Nigeria makes audacious offer; free beer if Eagles make Quarter Finals

June 04, 2018   Editor   3 Comments

Budweiser Nigeria, a brand of International Breweries plc will be celebrating Nigeria’s Russia 2018 World Cup outing with the most daring offer. As part of its global campaign “Light Up the FIFA World Cup,” the brand is challenging the national team to make it to the world-cup quarter finals and the drinks would be on the house. Every Nigerian gets a free beer.

To be a part of this excitement, fans are asked to go to Budweiser Nigeria’s Twitter page @BudweiserNG and visit www.freebudforeverynigerian.com. Once on the site, you can register to get your unique QR code for redeeming your free beer at any Spar outlet nationwide.

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Phyno becomes new Brand Ambassador for Life Lager

June 04, 2018   Editor   No comments

Phyno has signed to become the new brand ambassador for Life Continental Lager beer.

The music crooner joins Flavour N’abania as brand ambassadors for the beer produced by Nigerian Breweries Plc.

The deal which was signed on 31st May 2018 at the brewer’s corporate headquarters in Lagos will see the new brand ambassador featuring in Life Continental Beer advertising and marketing campaigns and will also make special appearances at events.

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New Excise Duty rates for alcohol, tobacco comes into effect

June 04, 2018   Editor   No comments

The Federal Government’s new excise duty rate on alcohol and tobacco came into effect on Monday, June 4, 2018.

Speaking in Abuja on Sunday, the Minister of Finance, Mrs Kemi Adeosun explained that the new excise duty rates which was first announced in March was spread over a three-year period from 2018 to 2020 in order to moderate the impact on prices of the products.

The minister further said that the 90-day grace period given by the president to all manufacturers before the commencement of the new excise duty regime ended on Sunday.

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