Binatone Nigeria Limited has launched a new remote controlled fan into the Nigerian electronic market. According to a statement released in Lagos by the Managing Director of the company, Mr. Sarchin Verma, the new fan works both manually like a normal fan and more importantly with an infrared remote control. "From the comfort of your chair or bed, you can, not only switch on and off your new Binatone fan, but control the speed to one of the three choices for your personal needs. It can be switched to the swivel mode to circulate very cool air to the entire room and even set the timer to when you would like it to be switched off", he said He pointed out that the fan is also ideal for the grown-up people who are not so agile and do not feel like getting up every time when they want to adjust the speed or direction of their fan.
Binatone was established in 1958 in London and it has always been in the forefront of offering latest technology based products. The Binatone boss disclosed that like every Binatone product, the new remote controlled fan also comes with full 12 months warranty. "This new remote-control model is very sturdy, silent, elegantly designed to fit into any d?cor in the house. It can be extended to the height to nearly six feet. With this variable height, one can avoid the breeze hitting directly in face or blowing the hair. All the consumer needs are considered at the drawing board stage while designing Binatone products. Verma disclosed that the new remote controlled fan and other Binatone products are available at all leading stores like Shoprite, Cash-n-Carry, Mega Plaza, Park-n-shop, Goodies, Adebowale, Sahad Stores (Kano & Abuja), Everyday Emporium (Port Harcourt), Uyi technical (Benin) etc.

As the global economic melt down is becoming a reality, the impact is being felt in the emerging countries including Nigeria. Efforts are therefore made by various governments to address the problem in a way to cushion the effect on their citizens. The meltdown according to experts will last for a minimum period of four years at the best and people should be ready to brace up for much longer period. Nigeria with her mono-product income earner, which is over three-quarters of total national revenue, has now intensified her efforts to source national revenue from other arrears, which hitherto were left slack previously. Government has focused on taxation as an area where the shortfall in oil revenue will be met. The taxes are customs and excise duties, Petroleum Profits Tax and Companies Income Tax in the main. The situation of the international oil market and the security situation in the Nigeria oil producing Niger Delta region affect the profitability of oil producing companies, which in turn affects Petroleum Profits Tax. Taxation on other non-oil producing companies is being intensified to garner increased revenue. To achieve the goal of government, these companies must produce to their optimum level or capacity. It is by so doing that profits will be available for assessment to profits tax. Companies that contribute significantly to government tax revenue are in the categories of Oil and Gas, Manufacturing, Banking and Conglomerate.
Policies of government and relevant agencies have to align or be in tandem in the direction to sustain tempo of increased taxation revenue for government. Conflicting policies that are not harmonised by the respective arms of government could cause unplanned or unexpected reduction in the envisaged or budgeted government revenue from taxation. If it is assumed in that profits of banks are not stagnant and are increasing progressively going by the results shown in their published financial statements, then the revenue expected by government from the banks through company Income taxation will be high as long as the tax rate does not reduce. Through, the policy contemplated by the Central Bank of Nigeria as the apex bank and the regulatory and supervising bank in Nigeria that all other banks must have uniform accounting date of December annually, will result in loss of revenue expected from banks to the tune of between ten to twelve per cent of taxation revenue.
Within the three years of implementation in comparison with taxation revenue previously earned. This loss of revenue through proposed decision of Central Bank of Nigeria is better explained from the analogy below while a comprehensive detail could be found in the Chartered Institute of Taxation of Nigeria. Tax Practice Series Number 5 titled: "Commencement Cessation and Change in Accounting Date Of Business Entities." The imposing order that all Nigeria banks must have a uniform accounting date of December each year is definitely going to erode government in taxation revenue within the three years of implementation, since most Nigerian banks have their existing accounting dates in the earlier month in the year than December, the financial year of government. The thinking behind the uniform accounting date for Nigeria Banks could be plausible but there is need for discussions and dialogue on other implications such as revenue to government on such policy decision. The reason for the suggested uniform accounting date for banks appears supported by various commentators.
However, such reasons adduced should not be at the expense of government generated revenue. There are two sides of a coin. The loss to government in revenue will be gain to the shareholders of banks, since the saved Company Income taxation will be available for distribution to the shareholders as script issues or dividends to cushion the loss of capital gains currently in the Capital market due to the economic crisis. A policy decision by the Central Bank of Nigeria, a part or arm of government should be seen to tilt towards increasing legitimate revenue to government and not otherwise. A typical example in numerical terms of a change from existing accounting date of banks to December annually is as follows;
"Dealer Bank" with Accounting date of March changes its financial year to December in 2009. Taxable profits are: March 2009 - N40 billion, December 2009 - N2.5 billion December 2010 (Projected) ---N7.5 billion; December 2011 (Projected) N8.5 billion

Some restaurants do not struggle for long to establish an identity and earn the loyalty of customers. Home-Made Restaurant and Bar is certainly one of them. To dine there immediately teaches one sweet lesson: that an eatery can be clean and conscious of quality service-delivery without losing the flavour of the cuisine for which our people are world-famous. Located at No. 1 Enang Uko, off Udoeduok Street, Uyo, this new restaurant is, however, tended by the disciplined and personal touch of its experienced proprietress, Mrs. Iniobong Akpan Akpabio. She is determined that the busy city life must not deny you the traditional flavours on which you were nurtured.
Moreover, the place is made to pander to other contemporary interests. Customers eat and drink while DSTV and HITV treat them the English Premier League and Nollywood delights. If you ever got to thinking that Home-Made feels too much like home, you should be forgiven. Keep this secret as a bonus. It is the kind of catering outfit you want to invite for your outdoor catering needs as well. Stop your exploration. Home-Made has come to settle your catering anxieties!

Torentt Nigeria Limited, the major distributor of the world acclaimed male couture and high class designer, Pierre Cardin, located at 48 Nwaniba Road has successfully brought the signature designer wares to Uyo, the Akwa Ibom State capital. Speaking with our reporter, the manager of Toreutt Nigeria Limited Mr. Eskor Udoh, disclosed that the company has risen above several challenges such as high exchange rate, exorbitant rentage etc. to deliver classy and affordable men wares like suits, skirts, shoes and accessories. According to him,” we have a product range that cut across all classes of people from all works of life” For clients who would rather prefer other designer like Giorgio Armani, Hugo Boss, Canali etc, Torentt Nigeria limited is the place to shop. They also assist clients helm their trouser leg after purchase as they assure all customers of quality products.
For the Easter, the boutique offers authentic Pierre Cardin wares from 25% to 30% discount for any item bought. Mr. Eskor advises trendy citizens of Uyo to always go for good quality products that will last and last. Which only Toreutt Nigeria Limited can offer, making a complete gentleman out of you.

Uyo is about to erupt this Christmas with the arrival of Club K-Otix, an event phenomenon completely dedicated to keeping hands in the air, feet jamming and body rocking. According to the organizers, plans have reached high gear to blast the state capital with a Jean Carnival scheduled for December 22, 2008 at Ultrafit, Uyo from 6pm till dawn. Partners top class business outfits like Wrangler, Telefonia, Digital, Hangers, Rox Energy Drink, Shade Cover, Uzo Collectibles, Rhythm 93.7 FM in collaboration with AKS SACA and State Ministry of Culture and Tourism to ensure a megaton impact. Guest artists billed to appear at the event include the Dancia guru, Duncan Mighty, DJ Best of Rhythm 93.7 FM, DJ Dellot and others. The admission for the Jean Carnival are as follows: Singles - N1,000.00, Double- N1,500.00 while VIP is N3,000.00.