Search results for BOLA
Telecommunications & Media
YouTube and TikTok emerge as rivals, adding to Netflix\'s new growth dilemma
Netflix released its third-quarter results on Oct. 20 and showed its ability to generate profits remains intact, but the market reaction was negative. Revenue rose 12 percent to $12.9 billion, while growth was the weakest in three years. Concerns over viewing-time growth, especially in the United States and Canada, weighed on sentiment. The company also faces competition from YouTube and TikTok and a lack of new hits.
Crypto
Nigeria issues digital asset tax guidelines, some taxes to be paid in tokens
Nigeria has issued new guidelines requiring cryptocurrency exchanges and peer-to-peer platforms to collect, report and pay taxes on digital asset transactions. The rules require platforms to withhold 1 percent of proceeds from disposals of taxable crypto assets, security tokens and applicable NFTs. A 10 percent withholding tax applies to staking, mining, airdrops and DeFi income. Some withheld taxes must be paid in the token used in the transaction.
Crypto
Nigeria pushes to unify crypto regulation, revise tax guidelines
Nigeria is moving to overhaul cryptocurrency regulation and taxation. President Bola Tinubu signed an executive order aimed at reducing fragmented oversight of digital assets and strengthening cooperation among financial, revenue and capital market authorities. The order includes creating a virtual assets committee to coordinate policy among major regulators. Authorities said it does not create a new regulator or shift powers between agencies. Nigeria also plans to update digital asset tax policy and provide further details on taxpayer impacts.
