Italy’s Meta tax review begins test case
Alex Omenye The initial examination of Facebook parent firm Meta in a tax lawsuit, which might result in a bill for the American business of about 870 million euros ($925…
UN recruits robots to meet
Alex Omenye United Nations technology agency is hosting a summit in Switzerland this week, dozens of robots—including some humanoid ones—will take the front stage to demonstrate their ability to assist…
How subsidy removal affects small businesses – ASBON
The stock market yesterday had its first day of fall in the second half of H1'23, causing investors to lose N672 billion. This occurred as the Nigerian Bar Association's Section…
Delta, Southwest airlines ban TikTok on employee devices
Delta and Southwest Airlines have both prohibited their employees from using the video-sharing app TikTok. According to Simply Flying, Delta Air Lines recently announced that the usage of…
Abuja court adjourns agriprenuer’s N2bn investment scam trial
A Federal High Court in Abuja has deferred the trial of Ovaioza Yunusa, who is accused of being involved in a N2 billion scam, to next week. Vanguard reported that the…
Google to use public data for AI training
Alex Omenye Google can now utilize open data to assist in developing AI products, according to updated privacy policies. "Google uses information to improve our services and to develop new…
UBA, AfCFTA partner to invest $6bn to finance African SMEs
In accordance with a contract signed between United Bank for Africa Plc and the Secretariat of the Africa Continental Free Trade Area, the bank will finance qualifying SMEs in Africa…
Shell appoints Ralph Gbobo MD gas division
The gas distribution company, Shell Nigeria Gas Limited which is a division of the Shell Energy company has announced the appointment of Mr Ralph Gbobo as managing director, effective July 1, 2023.…
Nigeria to pay off $500 million Eurobond loan in July – DMO
Nigeria is set to redeem a $500 million Eurobond this month, although the country still faces numerous economic difficulties. According to information from the Debt Management Office, the bond was…
Apple loses appeal in patent infringement case against Optis Cellular Tech
London's Court of Appeal has ruled that tech giant, Apple infringed two telecommunications patents, commonly used in iPhones and iPads. The court dismissed Apple's appeal, upholding the decision in a…
Data privacy: EU sets rules to accelerate big tech probe
The European Commission has announced the introduction of new rules aimed at facilitating faster cross-border investigations by privacy watchdogs. Critics, however, argue that investigations into privacy breaches by big tech…
Market vendors to receive VAT exemptions under FIRS-MATAN initiative
PwC's Fiscal Policy Partner and Africa Tax Leader, Mr. Taiwo Oyedele, has revealed that market vendors participating in the VAT Direct Initiative will be excluded from paying VAT if their company…
