A proposed tax change may lead to higher soft drink prices. The impact on health issues is uncertain. Taxation would be based on beverage value rather than volume produced. This could increase prices and administrative burdens on manufacturers.
Further details are available from a report by ThinkBusiness Africa. The report examines a proposed amendment to an existing act.
The effective tax burden could increase significantly under the proposed system.
News
Despite a narrative of corporate exodus, companies like Unilever, MTN, and Lafarge are increasing their investment in Nigeria, showing a different side to Read More: https://punchng.com/beyond-the-exodus-the-other-side-of-nigerias-investment-story/...
News
ABUJA — President of Dangote Industries Limited, Aliko Dangote, has said petrol is relatively cheaper in Nigeria than in neighbouring countries, a price difference he said has continued to encourage cross-border smuggling. Dangote spoke in an interview with Arise Television on Tu...
safety
By Kingsley Omonobi The Nigeria Police Force (NPF) is set to host the sixth Conference and Retreat for Senior Police Officers (CARSPO 2026) in Imo State from September 21 to 24, with election security expected to feature prominently in discussions ahead of the 2027 general electi...
government
By Demola Akinyemi, Ilorin The Federal Government has commissioned a TETFund/Renewed Hope Initiative-backed ICT Experience Centre at the Kwara State University (KWASU), Malete, to equip Nigerian youths with digital skills needed to thrive in a modern and competitive world. Wife o...
government
The Corporate Affairs Commission is calling for the harmonisation of Nigeria’s beneficial ownership registers to curb illicit financial flows and money lau Read More: https://punchng.com/cac-pushes-unified-corporate-registers-to-curb-illicit-finance/...
News
Nigeria’s headline inflation rate eased marginally to 15.39% in August 2026, but the Organised Private Sector warns of a threat from rising energy prices. Read More: https://punchng.com/inflation-eases-to-15-39-as-ops-flags-energy-threat/...
News
The Federal Government has unveiled a 100-day tourism calendar, a digital platform to aggregate Nigeria’s events and unlock a projected $100bn economy. Read More: https://punchng.com/fg-unveils-100-day-tourism-calendar-to-unlock-100bn/...
News
An analysis of Nigeria’s creative sector, or ‘orange economy’, celebrating its growth despite challenges and urging for better government support to unlock Read More: https://punchng.com/creative-sector-the-alchemy-of-nigerias-orange-economy/...
News
The Federal Government has announced plans to extend rail services from Abuja to Zaria, Kaduna, Kano, Daura and Katsina by January of the next year. Read More: https://punchng.com/fg-to-extend-abuja-rail-services-to-five-northern-cities/...
News
HealthCap Africa has urged pension funds to finance Nigeria’s healthcare sector to bridge funding gaps left by declining foreign aid from USAID and others. Read More: https://punchng.com/pension-funds-urged-to-finance-nigerias-healthcare/...
business
An editorial on why the Ajaokuta Steel Company, facing disconnection over N5.46bn debt, should be privatised to end its drain on Nigeria’s economy. Read More: https://punchng.com/why-ajaokuta-steel-must-go-private/...
parks
The Lagos State Parking Authority (LASPA) says parking fee defaulters owe up to N500m and it will begin enforcement against defaulting businesses by Septem Read More: https://punchng.com/lagos-parking-defaulters-owe-n500m-laspa/...
