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Govt Slams $110m Fine On British American Tobacco Over 'Breach' of Control Laws

The Federal Competition and Consumer Protection Commission has fined British American Tobacco Nigeria Limited and other affiliated companies $110 million over breach of control laws.
The commission. ....

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Nigerian Competition Watchdog, FCCPC Fines British American Tobacco $110million

The Federal Competition and Consumer Protection Commission (FCCPC) has fined British American Tobacco Nigeria Limited and Affiliated Companies otherwise called BAT Parties $110 million for the violation of the Federal Competition and Consumer Protection Act, 2018 and other relevant tobacco control laws/sundry regulations and directives. ....

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Top 10 firms export $57.74m goods in one month

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The top 10 exporters in the country exported $57.74m goods in August 2020, according to the Central Bank of Nigeria.
This was, however, a reduction from the N74.78m worth of goods exported in July, the CBN’s monthly report showed.
Part of the report read, “The aggregate value of export proceeds of the top 10 exporters decreased by 22.8 per cent to $57.74m in August 2020, compared with $74.78m in July 2020.
“A breakdown showed that Olam Nigeria Limited topped the list with a value of $15.11m or 26.2 per cent of the total, from the export of cocoa beans, cashew nuts, and sesame seeds to Turkey and China. ....

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