The Niger State government has withdrawn licenses issued to liquor dealers in the state because of what it describes as the refusal of liquor dealers to follow guidelines set by the government for the sale of liquor. The Niger State Liquor Licensing Board, the body that regulates sale and consumption of alcohol announced the outright ban in a statement signed by its chairman, Malam Muhammad Shafii. Shafii said liquor vendors caught contravening the order would be arrested and prosecuted. Niger State, located in the Northwest of Nigeria introduced Sharia legal system in the year 2000 under which sale and consumption of alcohol and related beverages was restricted to areas of major towns and cities in the state, and must be eight kilometers from the town. But on Monday, the State Government ...
The world’s largest brewer, Anheuser-Busch InBev (AB InBev) said it is withdrawing its financial support for a controversial study that will look into whether there are any health benefits to drinking alcohol in moderation. The ten-year long clinical study which was announced last year had the financial support of the alcohol global heavyweights such as Diageo, Pernod Ricard, Heineken, Carlsberg and AB InBev. According to the New York Times, the total amount so far raised by the drinks companies for the study is $66 million, of which AB InBev gave $15.4 million. Enrolment in the study, which was being run by the U.S. National Institute of Health (NIH) and overseen by the U.S. National Institute on Alcohol Abuse and Alcoholism, was halted last month following an expose in the New York times
Barring any last minute hitch, the coalition forces which intend to take over power from the All Progressives Congress (APC), and President Muhammadu Buhari, will take another giant step on Tuesday, June 12, as they will announce the platform of the ...Powered by WPeMatico
President Muhammadu Buhari at the weekend said that the he resisted the urging to replace Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), when he took over power, because he wanted to give him the opportunity to salvage the economy fr ...Powered by WPeMatico
The Federal Ministry of Finance came out on Sunday to defend its newly enacted excise duty rates on alcohol and tobacco, saying that they are not targeted at local manufacturers. In a statement released by the ministry’s Director of Information, Hassan Dodo, it said that contrary to claims in some quarters, the new excise duty rates, which came into effect from June 4, 2018, were not targeted at local manufacturers. The statement further said that the new excise regime sought to achieve the dual benefit of raising government’s revenue to support the nation’s growth. The policy is also targeted at reducing the health hazards associated with tobacco-related diseases and alcohol abuse, according to the ministry. “Contrary to claims that the rates were selectively imposed on local manufacturer
U.S.-based spirits firm Brown-Forman Corp said that sales for its full-year results ended April 30, 2018 grew by 8% to $3.2bn. The fourth quarter alone saw growth of 6% to $733m. The firm best known for its whiskey and bourbon brands, Jack Daniel’s and old Forester said that the recent U.S. tax reform in the third quarter and the creation of a $70m charitable foundation in the fourth quarter had an adverse impact on 2018 earnings. It also notes that the phasing of expenses in the fourth quarter negatively impacted results, while full year net sales benefited by one percentage point from foreign exchange and one percentage point from estimated net changes in distributor inventories. Operating Income for the full year grew by 5% to $1.04bn. Paul Varga, the company’s Chief Executive Officer s
Like other Africans, the Yoruba people of south west and north central Nigeria have a way with words. Roughly translated, one of their enduring sayings goes: lsquo;a benefactor who is not willing to ease your burden should let you be without adding ...Powered by WPeMatico
Hon. Henry Nwawuba is a House of Representatives member from Mbaitoli/ikeduru federal constituency, Imo State. The Federal parliamentarian urges the people of Imo State to trust and vote his party, the People rsquo;s Democratic Party to return to pow ...Powered by WPeMatico