Just in: President Buhari releases new excise duty rates as alcoholic drinks, cigarettes are now to cost more
Also, the new specific excise duty rate for alcoholic beverages shows that beer and stout would attract N0.30k per centiliter (Cl) in 2018 and N0.35k per Cl each in 2019 and 2020. The report said wines would attract N1.25k per Cl in 2018 and N1.50k per Cl each in 2019 and 2020, while N1.50k per Cl was approved for Spirits in 2018, N1.75k per Cl in 2019 and N2.00k per Cl in 2020. CRESTNEWSNG.com earlier reported that Kemi Adeosun, on Tuesday, March 6, said that there will be no extension of the Saturday, March 31 deadline of the Voluntary Assets and Income Declaration Scheme (VAIDS) set by the federal government. Kemi said this in an interview at a live breakfast show tagged ‘Good Morning Nigeria’ on the Nigeria Television Authority (NTA), the Punch reports.