Author

Ifeanyi ONUBA 3638 posts

A graduate of Accounting and a Chartered Accountant, Ifeanyi Onuba has been reporting and analysing business and economic issues for almost two decades. He is The Editor of THE WHISTLER

Oil & Gas

Only Capable Firms Will Get Oil Contracts, Says NCDMB

Ifeanyi ONUBA Jul 7, 2026 0

The Nigerian Content Development and Monitoring Board (NCDMB) has declared that only companies with proven technical and operational capacity will be eligible to secure oil and gas contracts under a new industry-wide reform aimed at eliminating intermediaries and strengthening local content implementation. The Executive Secretary of the NCDMB,…

FG Denies Spending N8tn Outside Budget, Rejects ‘Shadow Budget’ Claims

Ifeanyi ONUBA Jul 5, 2026 0

…Says IMF Report Misrepresented, Insists All Spending Has Legislative Backing The Federal Government has denied claims that it spent more than N8tn outside the 2025 budget, describing reports suggesting the existence of a "shadow…

Nigeria

Compete On Claims, Not Premiums, NAICOM Tells Insurers

Ifeanyi ONUBA Jul 4, 2026 0

The National Insurance Commission (NAICOM) has challenged insurance companies to shift competition away from premium pricing and instead focus on prompt claims settlement and quality service as the industry prepares for a new phase of…

Nigeria

FG Visits Bille Over Gas Seepage, Engages Foreign Experts For Probe

Ifeanyi ONUBA Jul 2, 2026 0

A Federal Government delegation led by the Minister of State for Petroleum Resources (Gas), Senator Ekperike Ekpo; has visited Bille Community of Degema Local Government Area, Rivers State, providing immediate humanitarian support and…

Nigeria

FG Seeks Africa-Specific Credit Rating System to Cut Borrowing Costs

Ifeanyi ONUBA Jul 2, 2026 0

…BOI Sets New Benchmark For Measuring Development Impact The Federal Government has called for the development of an Africa-specific credit assessment and rating system to reduce borrowing costs for businesses, saying existing…

Nigeria

NDIC Takes Over 46 Revoked Microfinance Banks For Liquidation

Ifeanyi ONUBA Jul 1, 2026 0

The Nigeria Deposit Insurance Corporation (NDIC) has formally taken over 46 microfinance banks whose operating licences were revoked by the Central Bank of Nigeria (CBN), commencing the process of their liquidation and assuring…

News

Nigeria’s True Fiscal Deficit Bigger Than Reported, IMF Says

Ifeanyi ONUBA Jul 1, 2026 0

…Blames Off-Budget Expenditure For Statistical Gap …Says Unreported Expenditure Equals 2% Of GDP Nigeria's public spending records may be understating the country's true fiscal position, with expenditure equivalent to about…

Nigeria

CBN Shuts Down 46 Microfinance Banks

Ifeanyi ONUBA Jul 1, 2026 0

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country as part of its ongoing efforts to strengthen financial sector stability and enforce regulatory compliance. The apex…

Nigeria

Statutory Remittances, Operational Expenses Cut NNPC Profit Margin To Below 10%

Ifeanyi ONUBA Jul 1, 2026 0

The Nigerian National Petroleum Company (NNPC) Limited remitted N3.714tn to the Federal Government as statutory payments in the first four months of 2026, even as the state-owned energy company recorded a profit margin of less than 10…

Nigeria

Only 150 Of Nigeria’s 4 Million Companies Listed On NGX—Izunaso

Ifeanyi ONUBA Jun 30, 2026 0

Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, has expressed concern over the low number of companies listed on the Nigerian Exchange, revealing that only about 150 of the more than four million companies…

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