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External reserves hits $46bn, highest in nearly eght

  • 25th January 2026

UK sets £40bn target for education exports by

  • 23rd January 2026

Cashew industry generates over $400m from export –

  • 23rd January 2026

Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

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External reserves hits $46bn, highest in nearly eght years

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Tag: FEC

Tinubu orders commencement of palliative road project
featured News

Tinubu presides over FEC meeting on 2026 budget

President Bola Tinubu is currently presiding over a meeting of the Federal Executive Council at the Council Chambers of the Presidential Villa in Abuja. BusinessDay gathered that the Federal Executive Council has a major item on its agenda, which is the consideration and approval of the 2026 Appropriation Bill before it is forwarded to the […]

Oil and Gas

FEC sets 2026 oil benchmark at $64, ₦1,512/$ exchange rate

The Federal Executive Council has given its approval to the 2026–2028 Medium-Term Expenditure Framework. This comprehensive document outlines Nigeria’s key economic assumptions, projected revenue outlook, and planned spending priorities for the upcoming three-year period. The Minister of Budget and National Planning, Atiku Bagudu, provided details to journalists following the council meeting on Wednesday, which was […]

LG association accuses finance commissioners of obstructing FAAC funds
featured Investment

FEC approves policies to attract over $15bn digital investments

The Federal Executive Council has approved four key policy initiatives aimed at attracting over $15 billion in investments and strengthening the country’s intellectual property, digital trade, and service export sectors within five years. The new policies are projected to achieve ambitious targets by the year 2030, including creating one million decent jobs in the service […]

Aviation featured

FEC stops sales of FAAN property

The Federal Executive Council has issued a clear directive strictly prohibiting the sale or transfer of properties owned by the Federal Airports Authority of Nigeria within and around airport environments to private individuals. The council emphasized that such facilities must remain exclusively for aviation purposes. This decision was made public on Thursday by the Minister […]

A photo power plant station
Electricity

FEC okays management concession for 400MW hydro power plant

The Federal Executive Council has approved an Operation and Management concession for the 360 Mega Watts Gurara II Multipurpose Dam & Hydro Power Plant and the 40 Mega Watts Kashimbilla Hydro Power Plant under a Public Private Partnership model.   The Infrastructure Concession Regulatory Commission made this known on Wednesday, in a press statement, according […]

Engineers working on railway
Business

FEC approves N454bn for rail transport, others 

The Federal Executive Council on Wednesday approved a sum of N453.90bn for the purchase of rolling stock, operation, and maintenance equipment for the Kano-Maradi standard gauge rail line, which is presently being built. The Punch reported that the approved amount also includes N510.93m, which will be used to acquire four customised fire service and search […]

FEC approves Nigeria's electronic cargo tracking system
Business

FEC approves Nigeria’s electronic cargo tracking system 

The  Federal Executive Council has approved the establishment of an electronic cargo tracking note scheme for Nigeria. The News Agency of Nigeria reported that the Minister of Transportation, Alhaji Mu’azu Sambo, informed State House correspondents of this at the conclusion of the Council meeting held on Wednesday in Abuja under the chairmanship of President Muhammadu Buhari. “Council […]

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