Netflix and Amazon left Nollywood because of Naira devaluation – Filmmaker, Niyi Akinmolayan
Nollywood filmmaker Niyi Akinmolayan has said that Netflix and Amazon left Nigeria because the country’s currency, the naira, lost much of its value. This made Nigeria a less attractive place for these big streaming companies. He spoke about this on Channels Television’s Youth Forum, where the topic was important problems that young Nigerians face. Akinmolayan […]
Tinubu’s Policies Are Pathways To Poverty – Governor Oborevwor
Delta State Governor, Chief Sheriff Oborevwori, has strongly criticized the economic policies of President Bola Ahmed Tinubu, describing them as “pathways to poverty” for Nigerians. In a recent statement, Governor Oborevwori blamed the APC-led government’s economic measures, particularly the removal of the petroleum subsidy and the floating of the Naira, for the severe hunger, poverty, […]
Nigeria’s Debt to China, India, IMF, and Others Increases by ₦30 Trillion
The sharp fall of the naira has significantly increased Nigeria’s external debt in local currency terms, adding about ₦30 trillion between 2023 and June 2024. This increase highlights the economic impact of currency depreciation on the nation’s finances. Data from the Debt Management Office (DMO) shows that Nigeria’s external debt was $43.16 billion in June […]