FG Propose Companies Income Tax For Foreign Digital Companies
The federal government has proposed the collection of companies income tax (CIT) from profits made by foreign digital companies with…
Category: Business
Range Rover Velar Named Luxury Sport Utility Vehicle Of The Year
Coscharis Motors Plc says one of the brands it represents, the Range Rover Velar, has been named the Luxury Sport…
Nigerians To Pay 7.5 Percent As VAT For Facebook Ad
Facebook says Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, 2022. The social…
Equinix Acquire MainOne In $320m Deal
Equinix, Incorporated has announced that it is acquiring MainOne in a $320m deal that is set to be sealed in…
Bolt Introduce Booking Fee, Riders May Pay More
In a service update sent to customers on Wednesday, the company said the booking fee was necessary due to an…
Roku Enters Multiyear Agreement With Google
Roku a brand of hardware digital media players manufactured by American company has announced that it reached a multiyear agreement with…
Tek Expert Employee Base Grew From 400 To Over 1,800
Tek Experts has announced that it has grown its employee base from 400 to over 1,800 employees in Nigeria in…
Nigeria And Bolivarian Republic Of Venezuela In Talks To Establish Direct Air Link
Oludare Awoniyi, Nigeria’s ambassador to the Bolivarian Republic of Venezuela, says both countries are in talks to establish a direct…
WhatsApp New Feature Allows Chat To Disappear By Default
Popular instant messaging service, WhatsApp has added a new feature that gives users better control over their messages and how…
You Tube Music Partners Briteswan And IManage Africa Entertainment Limited
YouTube Music has said it has partnered with two Nigerian organisations, Briteswan and iManage Africa Entertainment Limited. The partnership involves…
Microsoft Introduces Hybrid Workspace
Microsoft has said there is a need to redefine work processes as around 40 per cent of the global workforce…
Beneficiaries Of Tony Elumelu Foundation Get Insurance Plan From HIL And HLA
Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA) have extended simple insurance plans to the beneficiaries of the Tony…
SEC Director-General Advocates On The Use Of Technology
At the 2021 workshop of Capital Market Correspondents Association of Nigeria(CAMCAN) in Lagos, the Director-General of Securities and Exchange Commission (SEC), Mr…
European Investors Back Kenyan Fintech “ Asilimia” with Equity And Debt
Kenyan fintech Asilimia raised $2 million in pre-seed funding ($1 million equity and $1 million debt), the funding came from various…
Algeria’s Yassir Lands A Healthy Series A From Multiple Investors
Yassir, an Algerian startup founded in 2017 provides on-demand services such as ride-hailing and last-mile delivery, has raised a $30…
Old Mutual Private Equity Signals Proposal To Buy Long4Life
Shares in Long4Life, the company owned by entrepreneur Bidvest founder Brian Joffe, soared in trade on Friday (3 December), on…
Dolidol Acquires Mouka Foam For $60 Million
Dolidol an international firm has acquired Mouka Foam in a $60 million (N24.9 billion) deal to create pan-African bedding and…
Elon Musk Continue With Sale Of Tesla Shares
Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion to…
SoftBank Shares Drop By 3 Per cent
Shares in Japanese conglomerate SoftBank Group Corp dropped over 3% on Friday after the giant tech investor was hit with…
Nigerian Mining Sector Get $2Bln Investment Pledge From UAE Investors
Investors from the United Arab Emirates have pledged $2bn worth of investments into the Nigerian mining sector as the…
Central Bank Of Nigeria Sold $867.68 Million Forex To SMEs
The Central Bank of Nigeria, CBN, has raised the volume of foreign exchange sales to the Small and Medium Enterprises…
Transnational Corporation Of Nigeria Record N13.467 Billion Profit After Tax In Q3
Transnational Corporation of Nigeria (Transcorp Plc) has posted a N13.467 billion Profit After Tax (PAT) for third-quarter ended September 2021.…
Europe Gas Pipeline Group “Snam” Acquire 25% Stake In East Mediterranean Gas Company
Europe’s biggest gas pipeline group Snam said on Thursday it had completed the acquisition of a 25% stake in East…
U.S. Judge Dismiss Byron Allen $10 Billion Lawsuit Against McDonald’s
A U.S. judge has dismissed a $10 billion lawsuit against McDonald’s by the media entrepreneur Byron Allen, who accused the…
Exxon Mobile To Double Earnings And Cash Flow By 2027
Exxon Mobil on Wednesday outlined a corporate spending plan that it said will double earnings and cash flow by 2027…
Turkish Central Bank Says Sells Dollars, After Lira Plunge Low
The Turkish Central Bank said on Wednesday it was intervening in the foreign exchange market, selling dollars due to “unhealthy…
Sharing Of Personal Photos, Videos Without Consent Is Prohibited – Twitter
Twitter said on Tuesday it will not allow sharing of personal media such as photos and videos on its platform…
Nigeria To Benefit From $4.7tr Digital Service Export Market
The National Information and Technology Development Agency (NITDA) and Nigerian Export Promotion Council (NEPC) have forged an alliance that could…