Nigeria targets Netflix, Facebook others in tax revenue drive
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Nigeria targets Netflix, Facebook others in tax revenue drive

With dwindling revenue, Nigeria has revealed plans to tax video streaming sites, companies that offer digital content downloads and social medial platforms. The companies which provide services to Nigerians and earn revenue in Naira are expected to pay digital tax to the Federal Inland Revenue Service, according to a Companies Income Tax Order 2020 issued…

African airlines’ losses to reach $2 billion, says IATA
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African airlines’ losses to reach $2 billion, says IATA

The global airlines body (IATA) has released a 2020 air transport economic outlook with African airlines recording a combined loss of $2 billion a stark contrast from the 200 million loss that was predicted in 2019. The airlines industry has been one of the most hard hit due to the travel restrictions with most regions recording negative operating…