The federal government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages. Zainab Ahmed, minister of finance, budget and national planning, said this during the public presentation of the 2022 Appropriation Act on Wednesday in Abuja. According to her, the new policy introduced[Read More…]
Tag: duty
Senate probes alleged CBN Non-Remittance of N20 trillion Stamp Duty
The Senate is investigating alleged failure by the Central Bank of Nigeria, CBN, to remit stamp duty of over N20 trillion into the Federation Account. Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Uba Sani, All Progressives Congress, APC, Kaduna Central, who disclosed this, however, warned against[Read More…]
CBN Directive: Petrol Stations, Malls Still Charge N50 Stamp Duty
Despite the repeated clarification and caution from the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection Commission (FCCPC), investigation by Daily Trust reveals that merchants have continued to charge their customers N50 stamp duty. Daily Trust reports that the Federal Government recently stopped the additional N50[Read More…]
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Danger of mobile phone in the kitchen
It’s dangerous using mobile phone in the kitchen
