IFEANYI ONUBA

Nigeria

Deputy Editor at The Whistler

Articles

Ojulari Pledges Strategic Collaboration To Deliver Presidential Mandate

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Bashir Bayo Ojulari, has reaffirmed his commitment to forging strong and effective partnerships with key stakeholders to successfully deliver on the strategic mandate entrusted to him by President Bola Tinubu.
FAAC Allocates N1.58tn To FG. States, LGs

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] A total sum of N1.578tn, being March 2025 federation account revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the Federation Account Allocation Committee meeting held in Abuja. The total distributable revenue of N1.57tn statutory revenue of N931.32bn, Value Added Tax (VAT) revenue of N 593.750bn, Electronic Money Transfer Levy (EMTL) revenue of N24.97bn and Exchange Difference revenue of N28.71bn.
Tax Incentive Schemes Abused, Must Be Reviewed, Says FIRS Boss

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Tuesday, revealed that revenue lost to tax expenditure remains difficult to quantify due to poor data availability across relevant government agencies. He said this is because tax incentives are not properly weighed against their real economic benefits, which makes it hard to know their true cost and creates room for unverified tax expenditure figures in different quarters.
FG Gazettes ECOWAS Tarriffs For AfCFTA Implementation

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Federal Government has gazetted and transmitted the ECOWAS schedule of tariff offers for trade in goods under the African Continental Free Trade Area to its secretariat. The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said this through a statement issued in Abuja on Tuesday.
World Bank Portfolio In Nigeria Hits $17bn, Largest In Africa

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The World Bank portfolio in Nigeria has risen to $17bn, making it the highest commitment to any country in Africa. The figure was revealed when a high-level delegation from the World Bank, led by Ousmane Diagana, Vice President for Western and Central Africa, met with the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
No Place For Illicit Funds In Recapitalization Drive -CBN

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Central Bank of Nigeria said it is putting in place strong verification processes to ensure that illicit funds do not destabilize the banking sector in its ongoing recapitalization drive. During the 36th Seminar for Finance Correspondents and Business Editors that was held on Monday in Abuja, the CBN also announced that it is implementing policies aimed at enhancing investment in the economy, particularly within the banking sector.
Bank Recapitalization Will Build $1tn Economy For Nigeria-CBN

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The Deputy Governor, Corporate Services, Central Bank of Nigeria (CBN), Emem Usoro, has said the bank recapitalisation exercise being implemented by the apex bank is a critical step towards achieving Nigeria’s ambition of building a $1tn economy. Usoro said this at the opening session of the 36th edition of the Finance Correspondents Association of Nigeria and Business Editors seminar held on Monday in Abuja.
ITF Abolishes Starter-Packs For Graduates Of Artisan Programmes

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] …Graduates Of the Skill-Up Programme To Earn International Certification The Industrial Training Fund has taken skills development in a different direction by abolishing the practice of handing out starter packs to graduates of its skills training programmes and rather exposing them to certification by both local and international awarding bodies to certify them as fit for both the local and international markets.
Chinese Investors Laud Sugar Master Plan, To Invest $1bn in Nigeria

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] The National Sugar Development Council (NSDC) has signed a major Memorandum of Understanding (MoU) with SINOMACH, a Chinese conglomerate, for the development of a sugarcane cultivation and processing project capable of producing one million metric tonnes of sugar in the country.
CBN Defends Naira With $1.5bn In Five Weeks, Says JP Morgan

1 week ago | thewhistler.ng | IFEANYI ONUBA

[mc4wp_form id=33047] Global financial services firm, JP Morgan Chase, on Thursday, warned that the substantial decline in oil prices below its break-even of $60 per barrel, will push Nigeria’s current account balance into deficit, if sustained for a few months.