Potential problems for Airbnb in France
Businesses offering themselves towards a peer-to-peer tourism alternative have seen further regulatory scrutiny from the French government claiming the services drive out residents. As a result small company's like Paris Address who provide hosting locations under Airbnb for over 200 apartments could be eligible for up to $28,000 each in fines per apartment. This shows the continuous threat to Airbnb as larger hotels and authorities continue to protest against the lack of tax regulations and abuse of the system to create professional businesses (n.b. Airbnb already pay tourism tax). If the French government decide to act, Airbnb would lose its largest market with over 1/2 million people using the service in Paris last summer. 
Dr. Adaeze Udensi, Managing Director of Nigeria’s Titan Trust Bank, speaks with Global Finance’s Founder and Editorial Director Joseph Giarraputo about the outlook for Nigeria’s economy and how the economic trends effected Titan Trust Bank’s strategy and performance, and how the bank is updating its digital platform and services to retain its competitive edge.