Mr. Abimbola Odunsanya is the chairman, Lagos chapter of the Chartered Institute of Taxation of Nigeria, a tax practitioner and financial analyst. In this interview, he speaks on how an effective tax system can become an alternative revenue earner for the government and help drive the country’s economy especially with the dwindling fortune of the oil price

DIRERCTOR general of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Ade Dosunmu, has restated the agency’s commitment for inter-agency collaboration to ensure effective implementation of government policies in the Nigerian maritime sector.

By IFEYINWA OBI IN their effort to salvage the Nigerian economy, the Federal Operations Unit (FOU) Zone A of the Nigerian Custom Service had made seizures of 15,000 pieces of Nigerian, American and phonographic films.

Dr. Kalu Idika Kalu, Chairman, BGL Group and Former Honourable Minister of Finance, in this piece stated the causes and effects of the current global economic meltdown that started in the US in the middle of 2007 and through 2008 and has continued unabated and spread to Europe and other parts of the world which Nigeria is not in exception.

United Nations World Tourism Organization affiliated offices (Osaka and Korea) were recently audited with regards to the various programs that are using the UNTWO logo.

The bearish trend recorded in the Nigerian capital market, in the last couple of days, continue to attain a worsening dimension, as the value of listed equities, driven by losses on the share prices of majority of quoted companies, dipped Wednesday, by N224.23 billion.

Union DICON Salt Plc, is to sell 51 per cent of its shareholding to a prospective core investor.This was disclosed by the Chairman of the company and former Minister of Defence, Lt Gen. Theophilus Danjuma. Danjuma who spoke at an extra- Ordinary General Meeting of the company at Command Guest House, Kaduna lamented the sorry state of affairs in Union DICON which he attributed to mismanagement by the former foreign technical partners.

The Organisation for Economic Cooperation and Development says the world economy is near the bottom of the worst recession in post-war history. The body that represents the 30 most industrialised nations said that those economies would shrink 4.1 per cent this year. But it adds that recovery is likely to be “weak and fragile” for some time.

“We know South Africa will deliver on his expectations… and more’ Roshene Singh, CMO at South African Tourism
ROBERT Crozier, a New Zealand national arrives in South Africa in early September to take up his prize as winner of the South African Tourism, BBC World ‘Journeys’ global marketing campaign.

Doha_based national carrier, Qatar Airways, has signed a firm contract for 24 Airbus A320 Family aircraft. The agreement includes the firming up of a contract for four A321 aircraft announced at the Farnborough Air show in July 2008.

For the only surviving three local carpets and rugs manufacturers not to go the way of Michelin and Dunlop, there’s need to protect the industry from collapse, reports Franklin Alli

The declining fortune of quoted companies continued Tuesday, as the value of listed equities on the Nigerian Stock Exchange (NSE) plunged further by N163.38 billion.

Despite payment of N226 million duty on its N800 million worth of iron rod consignment by B/ Bird Capital with loan facility, the goods are still trapped at the Josephdon terminal in Tin-Can Island port for over four weeks after obtaining all relevant clearing documents.

A maritime expert and former Inspector of Ships of the federation, Engr. Soji Akinsoji, has called on the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) to include specification for ships operating in the nation’s inland waterways as a means of ensuring effective management and control of waste generated in the area.

Bonded terminals operators in the country have blamed terminal operators, popularly called “concessionaires” for non patronage of their off-dock warehouses.