The Federal Executive Council (FEC) has approved $188.807 million and N8.576 billion for some road, power and port projects. The approvals included reimbursement of N7.943 billion to Kwara State for construction of Kayamakishe road. Afam Power Plant was approved for $186.6 million. The contract for the substation...

The federal government has said it had spent a whopping N49 trillion on imports in 17 years, adding that it has resolved to chart a new course for the country by saving N3.6 trillion in five years through the take off of a new innovation plan...

Amidst declining revenue from oil, low tax to Gross Domestic Product ratio and a rapidly changing commercial environment, IFEANYI ONUBA examines what impact the National Tax Policy, recently approved by the Federal Executive Council, will have on the country’s tax system Despite the potential of...

The Federal Executive Council (FEC) has approved credit facilities of $1.3 billion to support the Development Bank of Nigeria (DBN). The Minister of Finance, Kemi Adeosun made this known at the end of the FEC meeting chaired by President Muhammadu Buhari at the Presidential Villa,...

The Federal Executive Council (FEC) yesterday approved N102.077 billion and $1.79 billion for roads projects across the country and rail project in the Federal Capital Territory (FCT). Minister of Power, Works and Housing Babatunde Fashola and Minister of FCT, Bello Mohammad, spoke with State House...

The Minister of Finance, Mrs Kemi Adeosun has sought approval from the Federal Executive Council (FEC) for the issuance of the USD1.00 Billion Eurobond in the International Capital Market (ICM) and the appointment of Transaction Parties responsible for the execution of the Programme. The Minister...