New Excise Duty rates for alcoholic beverages, tobacco take effect today Mathew Dadiya, Abuja The new Excise Duty rates for alcoholic beverages and tobacco takes effect from today as approved by President Muhammadu Buhari. The Daily Times recalls that the Federal Government had in March this year granted a grace period of 90 days (three months) to all manufacturers with a view to https://plus.google.com/+DailytimesNgr/posts
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allowing them comply with the new duty regime. There was however, no increase in excise duty of other locally excisable products. Minister of Finance, Mrs. Kemi Adeosun, who made this known on Sunday in Abuja, stated that the new excise duty rates were spread over a three-year period from 2018 Continued on page 4
MONDAY, JUNE 4, 2018
VOL. 3
NO. 668
N150
Uproar as police invite Saraki g5
Say 5 suspects working as political thugs to Senate President Allegation baseless, but I’ll honour police invitation – Saraki
L-R: Minister of Power, Works and Housing, Mr. Babatunde Fashola; Minister of Federal Capital Territory, Alhaji Muhammad Musa Bello; Minister of Finance, Mrs. Kemi Adeosun; President of China Export Import Bank, Liu Liange; Nigerian Ambassador to China, Ahmed Baba Jidda and Minister of State for Aviation, Abubakar Hadi Sirika, after a meeting with officials of China Export Import Bank in China... on Friday
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