Nigeria to Establish Creative Economy Development Fund The federal executive council (FEC) has approved the establishment of the creative economy development fund (CEDF) and the implementation of the intellectual property (IP) monetisation pilot. The CEDF aims to provide funding to creative activities through various financial instruments. The...

Finally, Nigeria Begins Crude Oil Sales in Naira Nigeria has officially commenced the sales of crude oil and refined petroleum products in naira, the Federal Government has announced. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Saturday said that in line...

NIN: FG to Register, Tax Foreigners in Nigeria The Federal Executive Council is proposing an amendment to the National Identity Management Commission Act No. 23, 2007 to allow for foreigners living in the country to be issued the National Identification Number. The FEC, on Wednesday, also...

Tinubu Presides Over FEC Amid Cabinet Reshuffle Talk President Bola Ahmed Tinubu is currently presiding over the Federal Executive Council (FEC) meeting at the Council Chamber of the Presidential Villa, Abuja. The meeting is holding amid talks from different quarters that a cabinet reshuffle is imminent. Tinubu,...

Dangote Refinery Begins Fuel Distribution Tomorrow – FG The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Dangote Refinery will begin the distribution of Premium Motor Spirit (PMS) on Sunday. Edun, who was represented by the Executive Chairman, Federal Inland...

HUNGER PROTEST: Tinubu Suspends FEC Meeting, Summons Service Chiefs The Federal Executive Council (FEC) meeting earlier scheduled for Monday afternoon has been rescheduled. Ministers who had arrived for the meeting were seen departing the Council Chambers Presidential Villa venue at about noon. However, only few ministers actually...