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Food And Beverage Unions Join Forces With MAN To Battles  NAFDAC Ban On Sachets Alcohols

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MEMBERS of the Food Beverage and Tobacco Senior Staff Association, a branch of the Trade Union Congress, the National Union of Food Beverage and Tobacco Employees, and the Nigerian Labour Congress paid a solidarity visit to the Manufacturers Association of Nigeria (MAN).

This was in protest against the ban on the production of alcohol in sachets and PET bottles of less than 200ml by NAFDAC.

The unions expressed their displeasure with the enforcement of the ban, stating it is unkind, illegitimate, and a threat to their livelihood.

They emphasized that the act is uncharitable, given the current economic challenges.

The DG of MAN welcomed the protesters and appreciated their peaceful approach.

He agreed that the government needs to consider the human impact of its policies.

Manufacturers have spent more than a billion naira in the last five years on campaigns that NAFDAC should have conducted.

He stated that the production of alcoholic beverages is legal, and the claim that underage individuals consume the products due to the small packaging lacks empirical data.

He assured the protesters that MAN supports their cause and has issued a press release urging NAFDAC and the government to reconsider their position.

He highlighted that manufacturers have spent more than a billion naira in the last five years on campaigns that NAFDAC should have conducted.

The DG emphasized that the two critical desires expressed by the stakeholders were to prevent underage access to the product and to allow businesses to survive.

He assured the unions that the association would do its best to persuade the relevant authorities to reconsider the ban.

He concluded by appreciating the unions for their commitment to protecting Nigerian jobs and further highlighted that The RENEWED HOPE AGENDA of Mr. President cannot be served by getting people out of jobs.

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KPMG, NRS settle rifts over new tax laws

In its newsletter on January 9, KPMG said there are “errors, inconsistencies, gaps, omissions, and lacunae” in the new tax laws that require urgent reconsideration to ensure the achievement of their stated objectives.

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KPMG executives and Zaach Adedeji, chairman of the Nigeria Revenue Service (NRS), held a meeting on Monday following the disagreement over the new tax laws.

In its newsletter on January 9, KPMG said there are “errors, inconsistencies, gaps, omissions, and lacunae” in the new tax laws that require urgent reconsideration to ensure the achievement of their stated objectives

However, on January 10, the presidential fiscal policy and tax reforms committee pushed back against KPMG’s critique, noting that KPMG does not understand the laws.

The committee said a significant proportion of the issues described as “errors,” “gaps,” or “omissions” by KPMG are either the firm’s own errors and invalid conclusions, or matters not properly understood by the firm.

In a statement on Monday, the NRS said that Adedeji hosted a courtesy visit from the delegation of the tax advisory firm.

” During the visit, the KPMG team clarified that their earlier opinion on the new tax laws “had been misconstrued and expressed regret over the misunderstanding.

“They sought further clarity on the provisions of the laws and highlighted areas where recommendations could be made.”

The source said that the meeting ended with the delegation commended the NRS chairman for efficiently and promptly implementing the reforms.

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IMF to release January 2026 World Economic Outlook update on Monday

The January WEO Update is expected to provide revised global growth forecasts and insights into inflation trends, monetary policy direction, and key risks facing the global economy in 2026.

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The International Monetary Fund (IMF) will release its January 2026 World Economic Outlook (WEO) Update on Monday, January 19, 2026.

The report will be presented during a press conference hosted at the National Bank of Belgium in Brussels.

The press conference is scheduled for 10:30 a.m. The Brussels time and will be streamed live via the IMF website and Press Centre, allowing journalists to participate both in person and virtually.

The IMF’s economic assessment will be presented by Pierre-Olivier Gourinchas, Economic Counselor and director of the Research Department; Petya Koeva Brooks, deputy director of the Research Department; and Deniz Igan, Division Chief, Research Department.

The January WEO Update is expected to provide revised global growth forecasts and insights into inflation trends, monetary policy direction, and key risks facing the global economy in 2026.

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Heineken boss resigns after ‘turbulent’ six-year stint

“I believe this is the right moment,” said Van den Brink, 52, after almost six years at the helm “during which he has guided the company through turbulent economic and political times”.

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• Dolf Van den Brink

Dolf van den Brink said on Monday he would step down on May 31 as the chief executive of Dutch brewer Heineken.

Van den Brink unexpectedly announced his resignation, as the company grapples with lower beer sales and job cuts in a difficult economic environment.

“I believe this is the right moment,” said Van den Brink, 52, after almost six years at the helm “during which he has guided the company through turbulent economic and political times”.

The change of leader comes at a tricky moment for Heineken, the world’s second-largest brewer after AB InBev.

Its most recent quarterly results, published in October, showed a steep decline in the amount of beer sold, with Europe and the United States driving the drop.

Van den Brink acknowledged at the time that the firm was dealing with a “challenging environment, resulting in a mixed performance”.

Heineken posted total net sales of 7.3 billion euros ($8.5 billion) for the third quarter, down from 7.6 billion in the second quarter.

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