Business
Netflix Raises Subscription Fees Again for Nigerian Users
Just three months after a previous price increase, Netflix has raised its subscription fees once again for users in Nigeria. This latest adjustment impacts all subscription tiers, reflecting a notable increase across the board.
Netflix has justified the hike by emphasizing the need to boost revenue and earnings, which will help support the growth and expansion of its content offerings. As a result, Nigerian subscribers will now face higher costs for accessing Netflix’s various plans.
The Premium Plan has seen the most significant rise, with its monthly fee climbing to 7,000 naira marking a 40 percent increase from the earlier rate of 5,000 naira.
The Standard Plan, which is favoured by many Nigerians for its HD quality and multi-screen viewing options, has risen by 37.5 percent, from 4,000 naira to 5,500 naira.
The Basic Plan has also increased, now costing 3,500 naira instead of the previous 2,900 naira, which represents a 21 percent rise. Meanwhile, the Mobile Plan, the least expensive option, has experienced a substantial 83 percent increase, jumping from 1,200 naira to 2,200 nanairas
This new round of price adjustments follows a similar increase in April 2024, highlighting Netflix’s ongoing strategy to enhance its revenue while expanding its content offerings for Nigerian viewers.
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
Security Expert, Dr. Kingsley Aguoru has advised the Central Bank of Nigerian (CBN) and Economic and Financial Crimes Commission (EFCC) to stop the use of online transactions through Card Pins as it results to a security risk.
He emphasized the risks we can be exposed to, phishing and cyber threats, he states that the use of one-time passwords can serve as an aid in this to better the security.
The expert shares that pins are only safe when in use for ATM and Pos but not online, due to cyber risks. He expressed that information can be leaked from the continuous use of sharing pins online.
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