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Commodities2 hours ago

Economic Strain Halts Nigeria’s Cocoa Industry: From 15 Factories to 5

Once a bustling sector, Nigeria’s cocoa processing industry has hit a distressing low with operational factories dwindling from 15 to...

Retail banking Retail banking
Banking Sector4 hours ago

CBN Rate Hikes Raise Borrowing Costs for Banks Seeking FX

The Central Bank of Nigeria (CBN) has implemented a significant adjustment to its borrowing rates. The move, which follows the...

Naira Exchange Rates - Investors King Naira Exchange Rates - Investors King
Finance4 hours ago

Senate Passes Bill for 70% Windfall Levy on Banks’ Forex Gains

The Nigerian Senate has approved an amendment to the Finance Act of 2023, increasing the windfall levy on banks’ foreign...

Travel5 hours ago

Singapore Tops Passport Power Rankings, Overtakes European Rivals

Singapore has reclaimed its position as the holder of the world’s most powerful passport, surpassing European countries such as France,...

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News5 hours ago

Netflix’s Premium Plan Sees 40% Price Hike Amidst Nigerian Inflation

Netflix has increased its subscription prices in Nigeria with the Premium Plan seeing a 40% hike from ₦5,000 to ₦7,000...

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Social Media5 hours ago

Meta Shuts Down 63,000 Nigerian Accounts in Sextortion Crackdown

In a significant move to combat online crime, Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has...

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Business1 day ago

Peter Obi Advocates for Full Government Backing of Dangote’s $21bn Refinery Project

Peter Obi, a prominent Nigerian politician and public figure, has called for unwavering support for the Dangote Refinery amid recent...

Naira Exchange Rates - Investors King Naira Exchange Rates - Investors King
Forex1 day ago

IMTOs Drive 38.86% Rise in Foreign Exchange Inflows to $1.07bn in First Quarter of 2024

Foreign exchange inflows into Nigeria surged by 38.86% to $1.07 billion in the first quarter of 2024, according to the...

Power - Investors King Power - Investors King
Energy1 day ago

Nigeria’s Power Sector to Get $7.5bn from $30bn African Electrification Initiative, Says Minister Adelabu

Minister of Power Adebayo Adelabu has said that Nigeria is set to receive a portion of a $30 billion investment...

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