Nigeria: Group laments threat to N420b investment, 250, 000 jobs by new duty on alcohol, tobacco, threaten legal action

WorldStage Newsonline– A Coalition of Non-Governmental Organisations; Business Renaissance Group (BRG) and Sustained Development Collective (SDC) has raised an alarm over the recent upward review of excise duty on locally produced alcoholic beverages and tobacco,saying it could endanger  250, 000 jobs and an investment  portfolio of about N420 billion.

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Mastercard appoints new Sub-Saharan Africa Division President

Spurred on by the company’s steady growth in Sub-Saharan Africa and in line with its focus on investing in the continent, Mastercard has appointed Raghav Prasad as Division President for Sub-Saharan Africa. Prasad will strengthen the company’s ongoing commitment to delivering value to customers and consumers in Africa by leveraging technology to build stronger and more inclusive payment ecosystems.

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N1.9tn Paris Club Refund: Govs who couldn’t pay salaries should resign now or face workers wrath – TUC

The Trade Union Congress of Nigeria (TUC) has called on state governments that are still owing workers salaries to resign now to avoid disgrace come 2019 election. The Labour Centre added that it is unfair and inhuman for governors after sharing a total of N1.9trillion and Budget Support Facilities since the inception of this administration to fail to meet their obligations.

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