Amidst public outcry over what many described as multiple taxation the newly pronounced excise duty tax of N10 per liter on all non-alcoholic, carbonated and sweetened beverages has taken effect, The Nation can authoritatively report. Checks by our correspondent across some malls, retail outlets in Lagos and environs showed that the cost of the carbonated…
Candy maker Mars is giving a makeover to its six M&M’s characters as a way to promote inclusivity. The company said that it will provide a modern take on the appearances of the characters — which Mars calls “lentils” — and give them more nuanced personalities. The lentils, which are featured in red, green, orange,…
Nigeria’s largest mobile network operator (MNO), MTN, is all set to launch RCS Business Messaging (RBM) Services in partnership with Google and Dotgo®, a Gupshup company and a leading cloud communications provider of RBM Solutions. RBM uses the rich and interactive features of Rich Communication Services (RCS)—the next generation SMS that allows sharing of audio, video, images, location,…
The Nigeria Customs Service (NCS), Apapa Area Command, says the command generated N870.39 billion revenue from January to December 2021. The Area Controller, Comptroller Malanta Yusuf, said this at a news conference on Thursday in Lagos. Yusuf added that the command during the period intercepted contraband goods worth N31.23 billion. He noted that the revenue…
The African Union, African Export-Import Bank (Afreximbank) and AfCFTA have inaugurated the Pan-African Payment and Settlement System (PAPSS), thereby making it available for use by the public. PAPSS is a cross-border, financial market infrastructure enabling payment transactions across Africa. The commercial launch of PAPSS, which took place in Accra, Ghana, virtually and physically, would ensures…
Ghana’s President, Nana Akufo-Addo, says the inauguration of the Pan-African Payment and Settlement System (PAPSS) will accelerate transactions in Africa. Akufo-Addo, represented by the Vice President Dr Mahamudu Bawumia, spoke at the inauguration of PAPSS in Accra, Ghana, monitored virtually According to him, the ground-breaking platform will save Africa more than five billion dollars annually…
Trust Africa News, By Ayomide Otitoju With the launch of its ZenBook 14X OLED Space Edition, leading multinational computer and Electronics Company, ASUS, has reiterated its commitment to providing consumers with amazing gadgets. Revealed during a virtual launch event tagged “The Incredible Unfolds | CES 2022” which held recently, the ZenBook 14X OLED Space Edition…
The Nigeria Labour Congress (NLC) has asked the federal government to halt its plans to reintroduce excise tax on locally produced non-alcoholic and carbonated drinks. This is as the labour union has warned that the beverage sub-sector will be losing sales revenue of about N1.9 trillion as well as Company Income Tax, VAT and Tertiary…
BUA Foods, a part of the BUA Group family has seen its market capitalization balloon to N957.6 billion just one day after listing on the Nigerian Stock Exchange. The company was listed on the Nigerian Exchange on Wednesday, January 5th, 2021, listing 18 billion shares at a share price of N40 per share. However, in…
