FEC approves $2.2 billion for external borrowing plan
The Federal Executive Council (FEC) has granted approval for a $2.2 billion financing programme to support the Federal Government’s external ...
Tag: FEC
News and analysis about FEC
FEC proposes N47.9 trillion budget for 2025 fiscal year
The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year.
FEC approves $618 million loan to purchase fighter jets, ammunitions from Italy
The Federal Executive Council (FEC) has approved a loan of approximately $618 million from a consortium of financiers to acquire ...
ICRC moves to resolve FEC-approved projects stalled for over one year
The Infrastructure Concession Regulatory Commission (ICRC) has announced plans to finalize all Public Private Partnership (PPP) projects that have not ...
FEC approves $117.83 million and N28.4 billion for procurement of tractors, other agricultural equipment
The Federal Executive Council (FEC) has approved the award of a contract worth $117.83 million and N28.43 billion for the ...
CCECC to undertake 6-month, N42 billion repair of Third Mainland Bridge and Adeniji-Falomo Roads
China Civil Engineering Construction Corporation (CCECC) has been awarded a six-month, N42 billion contract to repair the Third Mainland Bridge’s ...
FEC approves Presidential tax committees’ recommendations, offer tax breaks to companies employing more staff
The Federal Executive Council (FEC) has approved the recommendations of the Presidential Committee on Fiscal Policy and Tax Reforms in ...
FG to slash monthly petrol import costs by $610 million with crude sales to Dangote Refinery, others – FIRS boss
Zach Adedeji, announced that the federal government will reduce monthly spending on petrol imports by a staggering $610 million by ...
President Tinubu signs N70,000 new minimum wage into law
President Bola Tinubu has signed the new N70,000 national minimum wage into law.
FG awards contract for metering 187 crude oil flow station in Niger Delta
The Federal Executive Council (FEC) has approved a $21 million contract for the metering of 187 crude oil flow stations ...
