Business

An Italian judge has ordered the seizure of €779.5m ($835.5m; £676.8m) from short-term rental giant Airbnb, over alleged tax evasion. Prosecutors say the firm failed to collect a tax from landlords on around €3.7bn of rental income. Landlords in Italy ...

  Owning a car was among the many lists of achievements for a typical Nigerian. The celebration that hits the air when one is bought knows no bounds. Parents, relatives and friends are gathered, and the gin is used to render ...

Scarcity of Liquefied Petroleum Gas also known as cooking gas has hit Lagos and some other states in the country   The other affected states, according to findings by Punch correspondents are: Katsina, Sokoto, Delta, Kaduna and Kano. The rise ...

Flights resume as FG reopens Ibadan airport Flight activities resumed at the Samuel Ladoke Akintola Airport in Ibadan, Oyo State, on Sunday, after the facility was closed briefly by the Federal Airports Authority of Nigeria.   The airport was closed ...

150 bakeries close down due to economic challenges The Zamfara State chapter of the Nigeria Association of Master Bakers and Caterers has revealed that over 150 bakeries across the State have closed down due to economic challenges. This was disclosed ...

  A member of Zimbabwe President Emmerson Mnangagwa’s family and president of Zimbabwe Miner’s Federation, Henrietta Rushwaya has been convicted of trying to smuggle gold worth over $330,000 (£272,000). Henrietta Rushwaya was caught with bars weighing 6kg in 2020. She was travelling ...

  Lagos State government through the Lagos State Internal Revenue Service (LIRS) has closed down 34 corporate organisations for failing to remit Personal Income Taxes of their employees as well as non-remittance of Consumption Taxes, amounting to N356.12 million by operators in ...

Said Alkali, the Minister of Transportation, says the Nigerian Railways, will commence e-ticketing on Wednesday Mr Alkali said this on Monday in Abuja during the flag-off of e-ticketing for the Lagos-Ibadan and Itakpe–Warri routes. According to him, the e-ticketing system will ...

  The Lagos State Government has reopened Alaba International Market and some sections of the Trade Fair Complex in Ojo, Lagos, which were shut due to issues related to improper waste disposal and other environmental violations. This was made known ...

Sadio Mane has bought French club Bourges Foot 18, who play in the fourth-tier of the football pyramid The Senegal star, who left Europe in the summer to sign for Saudi Pro League side Al-Nassr, has been looking to purchase a ...

  FirstBank Celebrates Annual Week of Kindness, Partners NCF to Begin Planting of 50,000 Trees Over Three Years   In furtherance of its leading role in promoting socio-economic development, Nigeria’s premier and leading financial inclusion services provider, has announced the ...

The Corporate Affairs Commission says it has uncovered 189 fake companies used to secure land allocations in the Federal Capital Territory. The Registrar General of the commission, Hussaini Magaji, disclosed this during a press briefing on Tuesday in Abuja. Magaji stated that ...

The value of the naira continued its downward spiral at the opening of business activities on Monday crashing at the parallel market to N1,210 to the dollar as against N1,170 which it closed last week.   At the Nigerian Autonomous ...

Finnish telecoms giant Nokia is to axe between 9,000 and 14,000 jobs by the end of 2026 to cut costs The announcement was made as the company reported a 20% drop in sales between July and September. The company blamed slowing demand ...

  Official: DANGOTE crashes Cement Price to 2410 naira. Dangote Cement Plc on Sunday announced the reduction of the price of its cement product to N2,410 perbag promo starting from Monday, October 2, 2023. It said the promo price reduction ...

The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads will raise the price of cement to N9, 000 per bag from the current price of N5, 000. This was disclosed ...

  FirstBank Sponsors The Africa International Trade Exhibition (A.I.T.E 2023), New York, Promotes Foreign Direct Investment In The Continent   First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, sponsored the Africa International Trade Exhibition (A.I.T.E ...

  Elon Musk suggests X will charge “small monthly fee” for all users Elon Musk said X is looking to charge users a “small monthly payment” to tackle bots on the social network. X, previously known as Twitter, underwent a number ...

  ‘12.5kg cooking gas price may hit N18,000 December’ Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government does not restrict the activities of the terminal owners. The President, ...

The National Bureau of Statistics has revealed that Lagos State recorded the highest domestic debt in Q2 2023 with N996.44 billion, followed by Delta with N465.40 billion. Lagos has largest external debt in Nigeria – NBS The NBS disclosed this in its ...

  FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up ...

  U.S and China owe half of world’s $235tr debts The International Monetary Fund (IMF) yesterday announced that the United States (U.S.A) and China account for half of the world’s total indebtedness of $235 trillion, with both countries owing $117.5 ...

  iPhone 15: Things You Should Know About Apple’s Latest Release   Tech company, Apple, unveiled it’s latest iPhone product, the iPhone 15 today, September 12. This model will be unveiled at the company’s “Wanderlust” event in Cupertino, California, United ...

The number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s new report. The number of loan apps with conditional approval declined to 38 from 40, and the number of apps ...

  The Nigerian Electricity Regulatory Commission, NERC, has raised the cost of electricity meters payable through the meter assets programme, MAP. The Commission, in an order issued on Tuesday, increased the price of single phase meters by N23,313.47 or 39.74 ...