Month: November 2018

Cross River State Government says it has mopped up all expired Coca-Cola products in shops

BUSINESS
The Cross River State Government said it has removed all expired Coca-Cola products from major markets and drinking spots in Calabar and its environs. The State Commissioner for Health, Inyang Asibong, said that a team from her ministry has been activated to mop up the expired products as she called on consumers to always check the expiry date of Coca-Cola before consuming it. Asibong said that as she spoke, all expired Coca-Cola products in Calabar market have been removed due to the swift intervention of her ministry. The expired Coca-Cola products were first reported in the state early in November when some consumers alerted the Nigerian Union of Journalists (NUJ) Cross River Chapel of the problem. As a result, some members of NUJ Cross River Chapel conducted its own market survey and f...

NB says it complies with all legitimate demands of government agencies, the latest in its dispute with NLRC

BUSINESS
Nigerian Breweries Plc has said it has no intention to deprive the government of its revenue and thus complies with all legitimate demands of government agencies. The statement is the latest development in the ongoing dispute between the brewer and the National Lottery Regulatory Commission (NLRC). The NLRC on 12th and 13th November had shut down the Lagos and Abuja offices of Nigerian Breweries over alleged disputed promotional fees. Commenting on the closure of its offices, Vivian Ikem, Nigerian Breweries Head of Government Relations, said: “The NLRC last week temporarily shut down our operations in Abuja and our corporate head office in Iganmu, Lagos from the demand for payment of certain disputed fees which the commission is claiming from our company for our various consumer sales prom

Federal Government urged to suspend new excise duty rate on alcohol, tobacco – Senate

BUSINESS
The Senate on Tuesday sought the assistance of the Federal Government to halt the implementation of a new excise duty rate on alcohol and tobacco that came into effect in June until all relevant stakeholders are adequately consulted. The Upper legislative chamber said a pause would give all stakeholders in the beverage and tobacco industries an opportunity to agree on a consensus rate and implementation approach. The senate also asked the federal government to sensitize both producers and consumers of alcoholic beverages and tobacco products to understand why there was a need to increase the tariff rates so as to help boost government revenue and provide additional resources to government to invest in the country’s healthcare system. The recommendations followed the adoption of the report