IFEANYI ONUBA

Nigeria

Deputy Editor at The Whistler

Articles

Ten Banks Get Approval To Provide Low Interest Housing Loans For Civil Servants

5 days ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] As part of measures to improve housing access for federal employees, the federal government has unveiled a new mortgage scheme aimed at reducing the cost and entry requirements for home ownership among civil servants. Launched in Abuja on Monday, the initiative is being driven by a partnership between the Ministry of Finance Incorporated (MOFI), Family Homes Funds Limited (FHFL), and ARM Investment Managers, the fund managers of the MOFI Real Estate Investment Fund (MREIF).
Customs, FIRS, Others Remit N7.4tn Into Federation Account In Three Months

5 days ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Federation Account recorded a total revenue inflow of N7.4tn in the first quarter of 2025. This is based on figures obtained by the Federation Account Allocation Committee (FAAC). The remittances were made by the Federal Inland Revenue Service, the Nigerian Customs Service, and other revenue-generating agencies of government.
Decades Of Impact: Wunti Ends Illustrious Career At NNPCL, Hands Over To Essien

6 days ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] After decades of dedicated service to Nigeria’s oil and gas industry, Mr. Bala Wunti has formally concluded his remarkable career at the Nigerian National Petroleum Company Limited. A farewell and handover ceremony was held at the NNPC Towers in Abuja to mark the end of an era, as he officially passed the baton to Akpabio Essien, the new acting Head of Health, Safety and Environment (HSE).
Moody’s Upgrade Of Nigeria’s Economy Shows FG Reforms Working- Finance Minister

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Federal Ministry of Finance has welcomed the recent decision by Moody’s Investors Service to upgrade Nigeria’s Issuer ratings from Caa1 to B3, with a stable outlook, citing significant improvements in Nigeria’s external and fiscal positions. This decision reflects growing domestic and international confidence in Nigeria’s ongoing economic reforms and improvements in the country’s fiscal and external positions under the administration of President Bola Ahmed Tinubu.
Citing Success Of Cardoso-Led Reforms At CBN, Moody’s Upgrades Nigeria’s Rating to 'B3'

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] …Hails Improvements In Balance Of Payment Position, External Reserves Global credit ratings agency Moody’s has upgraded Nigeria’s sovereign credit rating to ‘B3’ from ‘Caa1,’ citing the success of reforms spearheaded by Central Bank of Nigeria (CBN) Governor Olayemi Cardoso. The agency pointed to significant improvements in the country’s balance of payments and external reserves as key factors behind the decision.
Bankers’ Award: Cardoso’s Monetary Reforms At CBN Recognized As Model For Africa

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] When President Bola Tinubu appointed Olayemi Cardoso as Governor of the Central Bank of Nigeria (CBN) in September 2023, he faced an economy grappling with surging inflation, a volatile exchange rate, and waning investor confidence. Tasked with restoring macroeconomic stability and credibility to Nigeria’s financial system, Cardoso took swift action, ushering in a series of sweeping monetary and regulatory reforms that have since reshaped the country’s economic trajectory.
FG Signs Agreement With AfDB To Replenish $500m Trust Fund

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has signed a landmark agreement with the African Development Bank (AfDB) to replenish the Nigeria Trust Fund (NTF) with $500m and extend its operation through to 2040. The signing ceremony took place in Abidjan on the sidelines of the AfDB Annual Meetings, with outgoing AfDB President Dr Akinwumi Adesina representing the Bank.
NEPZA, Public Account Committee To Enforce Regulations On FTZs Businesses

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Nigeria Export Processing Zones Authority (NEPZA) and the House Committee on Public Account have resolved to strictly activate their regulations on Free Trade Zones and Enterprises within the zones to enforce maximum remittances to the Federation Account. The two bodies arrived at the decision during the committee’s oversight tour of the Dangote Refinery & Petrochemicals FZE and the Lagos Free Zone in Lagos.
Cardoso Emerges African Central Bank Governor Of The Year

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has been named the Central Bank Governor of the Year at the 2025 African Banker Awards Gala. The event was held in Abidjan, Côte d’Ivoire. The award, presented by African Banker magazine, recognises Cardoso’s “bold and strategic” leadership in steering monetary and regulatory reforms that have restored stability and confidence in Nigeria’s financial system, according to event organisers.
Shell Acquires 12.5% Stake In Bonga Field From TotalEnergies For $510m

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has reached an agreement to acquire a 12.5 per cent non-operated interest in the OML 118 Production Sharing Contract from TotalEnergies EP Nigeria for $510m. TotalEnergies confirmed the transaction in a statement issued on Thursday, marking a strategic shift in its upstream portfolio.