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CBN Sells Dollars to BDCs at N1450/USD Amid Forex Market Reforms

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Source: Google

In a recent development, the Central Bank of Nigeria (CBN) sold dollars to eligible Bureau De Change (BDC) operators at a rate of N1450 per dollar.

This decision, aimed at meeting demand for invisible transactions, comes after concerns were raised over exclusion of BDCs in previous forex sales totaling $123 million to authorized dealers.

ABCON President Aminu Gwadebe highlighted the exclusivity of banks in accessing these interventions.

The CBN’s move underscores ongoing efforts to reform the foreign exchange market and address retail segment distortions influencing exchange rate premiums.


 

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Netflix vs. Amazon: Which Streaming Platform Is The Best Choice For You?

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Photo source: Google

In the era of digital entertainment, two giants, Netflix and Amazon Prime, dominate the streaming world.

Both platforms offer an extensive library of movies, TV shows, and original content, but each has its unique features, advantages, and drawbacks.

As streaming services become an integral part of how we consume content, many viewers are left wondering: which one is the better choice?

In this article, we’ll explore the characteristics, pros, and cons of both platforms and compare them to help you decide which service suits you better.

Netflix

Netflix, launched in 2007, has become synonymous with streaming, this platform offers a vast catalogue of movies, TV shows, documentaries, and acclaimed original content.

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With hit series like “Stranger Things”, “The Crown”, “Squid Game”, and many more, Netflix has owned the role as the leader in the entertainment space and is known for going the extra mile in delivering quality programs and TV shows with its original programming.

Pros of Netflix

1. Original Content and Exclusives

Netflix is widely regarded for its impressive lineup of original content.

Hit shows like “House of Cards”, “The Witcher”, and “Money Heist” have not only attracted global audiences but also earned critical acclaim for being good at their work.

Netflix invests heavily in creating unique content across various genres, which keeps subscribers engaged and coming back for more.

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2. User Interface

The user interface of Netflix is simple, intuitive, and highly personalized. Its algorithm recommends shows based on your viewing history, making it easy to find new content you’ll likely enjoy.

The “Continue Watching” feature and seamless playback add to the overall user experience.

3. Wide Range of International Content

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Netflix’s catalogue includes an extensive collection of international content, offering films and series from different countries and cultures.

For example, “Dark” from Germany, “Squid Game” from South Korea and “Sacred Games” from India have gained massive global followings, making Netflix a platform for global entertainment.

4. High-Quality Streaming

This streaming app offers exceptional streaming quality, with support for 4K, HDR, and Dolby Vision for supported content. This makes it ideal for those who prioritize the best visual and audio experience.

Cons of Netflix

1. Price Increases

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Netflix’s subscription prices have been steadily rising over the years, and while it offers multiple plans, some users feel the value has decreased, especially as competition has increased.

The lack of a free plan and the limitations on simultaneous streaming on lower-tier plans can be a drawback for some users.

2. Content Licensing

One of the downsides of Netflix is its licensing agreements. Titles come and go from the platform, leaving users frustrated when shows or movies they enjoy are removed without warning.

This can make Netflix feel more like a temporary solution than a long-term streaming platform.

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3. Limited Live Content

Unlike Amazon Prime, Netflix does not offer live content, such as live sports or news.

While this isn’t a huge deal for some, it does limit the service’s appeal for viewers who want a more diverse range of content.

Amazon prime

Amazon Prime Video, launched in 2006, offers a more diverse experience as part of the Amazon Prime membership, which includes other perks like free shipping, exclusive deals, and access to music.

This platform has a large library of popular films, series, and originals such as “The Boys”, “Jack Ryan”, and “The Marvelous Mrs. Maisel”.

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However, unlike Netflix, it demands users to rent or buy movies and shows that are not included with the subscription.

Pros of Amazon Prime Video

1. Cost-Effective

When compared to Netflix, Amazon Prime Video offers a better deal for those who are already subscribed to Amazon Prime, which provides additional benefits like free shipping, Amazon Music, and exclusive access to Prime Day deals.

The cost of Amazon Prime is often seen as more economical when considering all the perks included.

2. Varied Content Selection

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Amazon Prime Video has a mix of original content, popular movies, TV shows, and licensed content from various studios.

It also allows users to rent or purchase movies that aren’t available in the subscription library, which offers a broader range of viewing options.

3. More Device Compatibility

Prime Video is compatible with a wider range of devices compared to Netflix.

Whether you’re watching on your TV, mobile, tablet, or using a set-top box, Amazon Prime Video can be accessed on many more devices.

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4. Live Sports and Events

Amazon Prime has recently made a push into live-streaming sports, delivering exclusive coverage of events like NFL Thursday Night Football and the ATP tennis tour.

This makes it an appealing option for sports fans who want live content alongside their entertainment.

Cons of Amazon Prime Video

1. Less Original Content

While Amazon Prime Video has some standout originals, such as “The Boys” and “The Marvelous Mrs. Maisel”, its library of original content is generally not as expansive or as high-profile as Netflix’s.

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The lack of a deep catalogue of exclusives can be a disadvantage for those looking for constant, fresh content.

2. Cluttered User Interface

The user interface on Amazon Prime Video is often criticized for being cluttered and less intuitive than Netflix’s streamlined design.

The presence of ads for rental and purchase options can also disrupt the user experience, which makes it hard to navigate and discover content.

3. Inconsistent Content Availability

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Amazon Prime Video offers a wide range of content, but much of it is only available for rent or purchase, requiring an additional payment beyond the subscription fee.

This can be frustrating for viewers looking for a truly all-inclusive experience.

Is Netflix Better than Amazon Prime Video?

For those who are primarily interested in a service with a strong focus on original content, Netflix is the clear winner.

Netflix’s commitment to producing a wide variety of high-quality original series and films, from dramas to comedies to documentaries, makes it the go-to platform for exclusive content.

Its global reach and large user base also ensure that there’s always something new to watch.

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Netflix also excels in providing a seamless user experience.

The personalized recommendations, clean interface, and ability to stream across multiple devices make it a highly convenient choice for many viewers.

Additionally, its high-quality streaming options, including 4K and Dolby Vision support, provide a premium viewing experience.

Is Amazon Prime Video Better than Netflix

Amazon Prime Video shines in terms of value for money.

With a single subscription to Amazon Prime, users gain access to more than just streaming content—there are perks like free two-day shipping, exclusive discounts, and access to other services like Amazon Music.

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For anyone who already uses Amazon’s online shopping service, Prime Video offers an excellent bonus.

Additionally, Amazon Prime’s content variety is hard to beat.

Not only does it offer an extensive library of movies and TV shows, but it also allows users to rent or purchase films and series, which gives them access to content not available in the subscription.

For those who enjoy watching live sports or events, Amazon’s exclusive sports coverage makes it a compelling option.

The Ultimate Streaming Service

In the battle between Netflix and Amazon Prime Video, the better option largely depends on your personal preferences.

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If you’re a fan of original, high-quality content and an excellent user experience, Netflix is the way to go.

It’s ideal for those who are looking for a continuous stream of fresh and exclusive shows and movies.

On the other hand, if you’re seeking a more budget-friendly option that offers additional perks, or if you’re someone who enjoys watching a wide variety of movies and live sports, Amazon Prime Video might be the better choice.

Ultimately, both services have their merits, and it’s hard to go wrong with either—whether you’re in it for the originals, the variety, or the extra perks.

It’s all about what fits best with your viewing habits and lifestyle.

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Bitcoin Jumps 10% as Trump Promises U.S. to Help Crypto’s Growth

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Bitcoin increases with 10% and crypto-related stocks see gains, due to Donald Trump’s stance and win in the 2024 presidential election. Trump also promises to improve bitcoin with a new strategy and the markets now boost with this promise.

Trump was once considered a scam for accepting bitcoin and there was doubt about the finance but has now made a positive impact on bitcoin and gathered investors. Crypto now has a huge boost with prices soaring and investors taking interest in this.


 

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Lagos Port Welcomes the Largest Container Vessel Ever to Nigerian Port

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The Lagos Port Complex in Apapa welcomes the largest container vessel ever to the Nigerian port with a capacity of 7000 TEUs. This events marks as a milestone for Nigeria and shows the growth in the country’s trade. The vessel, operated by COSCO Shipping, measures 272 meters in length and is expected to enhance the port’s efficiency.

The terminal operator at the APM Terminal states that this achievement will strengthen Nigeria’s import and export abilities and serves as a good reputation. This event has expanded the presence of Nigeria’s port and can start to make positive changes in the economic state of the country.


 

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