Indonesia to Build Refinery in Nigeria

The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity has started gaining momentum with an Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, indicating interest to build a refinery in Nigeria. Mr. Adi Hartadi, the Head of Investor Relations […]

5 Takeaways from Minister of Finance Kemi Adeosun’s Speech at the #NSEBloomberg Event in Lagos on Friday June 16, 2017

1.Nigeria has one of the lowest tax-to-GDP ratios in the world — Ghana (16%), South Africa (27%), and OECD Average (34%). Only 214 individuals in Nigeria pay 20 million Naira (c.US$65,000) or more in tax annually. 2.In the last 12 months (i.e. in #Budget2016), the Buhari Administration has spent 1.2 trillion Naira on infrastructure. On […]

Peterside urges professional bodies to support government progammes

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has urged professional bodies in the country to support government programmes aimed at revamping the nation’s economy. This charge was given when members of the Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR) led by the Chairman Olusegun […]