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LIRS Shuts 18 Hotels, Event Centres over Tax Evasion

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By Dipo Olowookere

About 18 hotels, restaurant and event centres in Lagos have been sealed by officials of the Lagos State Internal Revenue Service (LIRS).

The affected businesses were shut down for failure to pay their taxes due under the Hotel Occupancy and Restaurant Consumption Laws of Lagos State 2009.

A statement issued by the state government disclosed that the hotels and restaurants owe a total sum of N427 million.

Speaking during the state-wide tax enforcement exercise last Friday, the Director, Legal Services of the LIRS, Mr Seyi Alade, warned that defaulting hotels, restaurants and event centres will henceforth face the full wrath of the law if they fail to deduct and remit their taxes to the appropriate authorities.

According to him, failure to deduct and remit taxes as at when due attracts very serious penalties that may lead to the sealing, seizure of the goods and chattels and criminal prosecution of principal officers of recalcitrant entities.

He said the LIRS usually gives a long rope by issuing multiple notices to the taxpayers to inform and also remind them of their tax liabilities adding that only recalcitrant taxpayers are shut down as in the present case.

He therefore urged all business entities operating in the state to ensure prompt remittance of their taxes to avoid costly disruptions on their businesses as a result of a distain exercise.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

Travel/Tourism

Why River Cruises Are Transforming Modern Travel Experiences

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In recent years, river cruises have emerged as one of the most dynamic sectors in the travel industry. Unlike traditional ocean voyages that often prioritize scale, river cruises focus on intimacy, cultural depth, and convenience. This shift not only appeals to travelers seeking unique experiences but also represents a significant business opportunity for operators and local economies alike.

From a commercial standpoint, river cruises stand out because they offer a product that aligns with modern consumer preferences. Today’s travelers are looking for slower, more immersive journeys that allow them to connect with places on a personal level. River cruises answer this demand, positioning themselves as premium experiences that balance leisure with enrichment. This makes them particularly attractive to the growing middle and upper travel markets.

The economic impact extends beyond the cruise companies themselves. Each port stop brings direct benefits to local communities, from small businesses to hospitality providers. Guests disembark in the center of towns and cities, spending money on restaurants, shops, tours, and cultural sites. Unlike ocean cruises, where ports are often outside city centers, river cruises deliver visitors directly to the heart of local economies, maximizing tourism spending in those areas.

For investors and business owners, the expansion of river cruising routes opens up avenues for collaboration. Local tour operators, artisans, and service providers gain access to a consistent flow of customers, while destinations build reputations as cultural hubs. The multiplier effect is significant, as these tourism revenues stimulate job creation and encourage further investment in infrastructure and services.

The design of river cruise vessels also reflects strategic business positioning. With smaller capacities compared to ocean liners, companies are able to market exclusivity and higher service levels. This allows for premium pricing models, which can yield stronger margins per passenger. In addition, the manageable size of these ships enables operators to access unique waterways and niche destinations, creating a competitive advantage in the travel market.

Sustainability has also become a key business driver. As eco-conscious travel grows, river cruise companies are investing in cleaner technologies and adopting environmentally responsible practices. This not only appeals to customers who want to reduce their footprint but also strengthens the industry’s long-term viability. By aligning with global trends in sustainable tourism, operators are ensuring relevance in a competitive and evolving market.

Another important factor is diversification. River cruises cater to a wide demographic, from couples and retirees to families seeking experiential travel. Companies are able to design themed itineraries that focus on food, history, art, or wellness, broadening their appeal and tapping into niche markets. This adaptability provides resilience, especially during times of economic uncertainty, when demand may shift toward specialized travel products.

Looking ahead, the growth potential of river cruises is clear. Emerging destinations in Africa, Asia, and South America are opening up opportunities for expansion beyond the well-established European rivers. These markets present new revenue streams for operators and fresh economic opportunities for local communities. For regions looking to boost tourism and strengthen international visibility, embracing river cruise partnerships could become a strategic move.

Ultimately, river cruises are more than just a leisure trend. They represent a model of travel that blends customer satisfaction with tangible business outcomes. By offering unique, authentic, and sustainable experiences, the sector is creating long-term value for both travelers and economies worldwide.

For the travel industry, entrepreneurs, and local stakeholders, the rise of river cruises signals a wave of opportunity. This form of travel not only enriches the passenger journey but also fosters economic growth and global connectivity, making it a sector worth watching closely.

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Emirates Serves Passengers Dom Pérignon Rosé Vintage 2009 Champagne

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Emirates Dom Pérignon Rosé Vintage 2009 Champagne

By Modupe Gbadeyanka

Passengers flying first class on Emirates across all routes departing Dubai will be served the Dom Pérignon Rosé Vintage 2009 Champagne over the next few months.

This has been made possible through an exclusive partnership between Emirates and Moët Hennessy. It is the only airline to access this special vintage directly from the winery.

Dom Pérignon Rosé 2009 is the result of a particularly generous growing season, enabling the estate to produce a wine of profound ripeness, textural richness, and controlled power.

It is sourced from Grand Cru vineyards such as Aÿ and Bouzy, with a significant portion of still Pinot Noir added during blending.

The drink contains a higher proportion of Pinot Noir, including a still red wine made from the same grapes lending it a delicate colour and additional structure.

After 12 years of maturation in the cellar, the result speaks to depth and aromatic layering, whilst preserving the wine’s luminous tension.

The 2009 reveals an expressive bouquet of rose petals, orange oil and saffron, followed by vivid notes of raspberry, cherry, cassis, and fig, and evolving toward deeper tones of licorice and gingerbread. The palate is smooth and enveloping, with ripe, fleshy fruit and a supple structure, finishing with a persistent sapidity and a memorable tactile imprint.

The offering is part of the airline’s champagne programme, ensuring its customers always ‘fly better.’

This initiative has made Emirates to purchase more champagne than any other airline in the world and has exclusive rights to serve Dom Pérignon Vintage 2015, Dom Pérignon Vintage Rosé 2009, Dom Pérignon Plénitude 2 2006, Moët & Chandon Brut Imperial, Moët & Chandon Imperial Rosé, Moët & Chandon Grand Vintage Blanc 2016, Veuve Clicquot Yellow Label and Veuve Clicquot Vintage Blanc 2015.

Emirates also serves Australian sparkling wine, Chandon Vintage Brut 2019 onboard as a global exclusive to customers in Premium Economy.

For the last 16 years, it has invested more than $1 billion into its wine program, buying exceptional wines at the earliest opportunity to let them mature, allowing them to express their full potential before serving them on board.

The Emirates Wine Cellar in France currently houses 6.5 million bottles of fine wines, some of which will not be ready for tasting until 2035. Emirates offers 37 different varieties of French wines and champagnes on board its aircraft. Business Class Bordeaux red wines remain in Emirates’ cellar for an average of 8-10 years, while those reserved for First Class are only served an average of 12-15 years after purchase.

Emirates also has a vintage collection which includes Château Margaux 2004, Château Cos d’Estournel 2005 and Château Montrose 2005.

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Aregbe Invites China to 72 Hours Lagos Weekend Experience in November

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72 Hours Lagos Weekend Experience

By Modupe Gbadeyanka

The Special Adviser to Governor Babajide Sanwo-Olu of Lagos State on Tourism, Arts and Culture, Mr Idris Aregbe, has sought the participation of a Chinese delegation for the 72 Hours Lagos Weekend Experience taking place from November 14–16, 2025.

The Governor’s aide invited China to the event when he hosted a high-level Chinese delegation led by the Vice Chairman of the Standing Committee of Guangxi People’s Congress, Mr Zhang Xiaoqin; and the Consul General of the People’s Republic of China in Lagos, Ms Yan Yuqing, on Monday.

The Chinese team were around to deepen international relations and foster stronger cultural and economic ties with the metropolis.

Mr Aregbe acknowledged the large population bases of Lagos and China as critical assets for advancing tourism development, cultural integration, and unlocking opportunities for mutual economic growth, sharing the Lagos Cultural Mission Initiative with the visitors.

“We want China’s partnership with Lagos State in cultural exchange and training programmes that will benefit both young and old, ensuring mutual growth and enduring relationships,” Mr Aregbe stated.

Meanwhile, the Chinese delegation expressed strong interest in expanding cooperation through simplified visa processes, student and professional exchange programmes, and joint cultural initiatives.

Commending Lagos for its progress in cultural tourism, Mr Zhang described the city as a “powerhouse of human labour, economy, and creativity,” identifying heritage protection, research, and educational exchanges as key areas for collaboration while emphasising the robust trade foundation between Guangxi Province and Nigeria.

On her part, Ms Yuqing reaffirmed China’s commitment to strengthening ties with Lagos and Nigeria, endorsing the vision for future cultural events, also extending an invitation to the Lagos team to visit Guangxi as part of efforts to cement bilateral cooperation.

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