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NETFLIX reportedly dumps Nigeria over economic downturn

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Worldwide renowned streaming platform, Netflix is reportedly set to exit the Nigerian market amidst the nation’s ongoing economic challenges.

According to information obtained by Peoples Gazette, the decision comes in light of recent inflation figures released by the National Bureau of Statistics, highlighting the worsening economic landscape.

A Netflix official, speaking anonymously ahead of an official announcement, cited multiple factors contributing to the decision.

“We’re exiting the Nigerian market,” the source disclosed. “We’ve experienced significant losses in paying subscribers, and the unfavorable naira-to-dollar exchange rate further complicated our operations.”

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Netflix’s departure marks a significant turning point, as the platform first entered Nigeria six years ago with the production of Lionheart, a milestone that was celebrated for elevating the quality of Nigerian cinema. Since then, Netflix has played a pivotal role in showcasing Nollywood to a global audience.

While the company has faced subscription declines in other markets, Nigeria is the first major economy to lose access to Netflix’s premium entertainment offerings, underscoring the impact of the country’s economic struggles under President Bola Tinubu’s administration.

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Painful! Former NBC DG ,Prof Tom Adaba is dead

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By Kayode Sanni-Arewa

The ex-Director General of National Broadcasting Commission (NBC) Professor Tom Adaba is dead.

The veteran journalists died on Saturday peacefully in Abuja.

The late Adaba was born in July 2nd, 1941

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According to Chief Adinoyi Joe Anivasa JP, Secretary Egbira Elders Forum Abuja on Saturday stated as follows, “I feel sad to inform you that our elder and Leader, Prof Tom A Adaba just answered the call of nature by giving up his ghost to the Lord this morning.

“Further details about his burial arrangements would be communicated later.

“We thank God for his life. May God have mercy on his shortcomings and grant his soul eternal peaceful rest in His Heavenly Kingdom, Amen.

He was the first Nigerian (between 1988 and 1992) to be honoured as president of the African Council for Communication Education.

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LP Withdraws from Osun LG Election Over Security Issues

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By Kayode Sanni-Arewa

The Osun State chapter of the Labour Party (LP) has pulled out from the local government elections scheduled for Saturday, citing concerns over inadequate security arrangements for the polls.

Adebayo Bello, the State Chairman of LP, made the announcement on Friday in Osogbo, explaining that the party could not participate in the election due to the lack of proper security measures put in place by the Osun State Independent Electoral Commission (OSSIEC). He further called for the postponement of the election for one to two months, urging the electoral body to address the security issues and resolve any legal complications before proceeding with the poll.

Bello stated, “We believe that postponing the election will give OSSIEC enough time to ensure proper preparations and guarantee a secure environment for the voters and candidates.”

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In support of this position, one of the party’s chairmanship candidates, Oyebode Babalola, expressed deep concerns over the potential disruption of the election. Babalola emphasized that although the party was fully prepared for the election, it could not risk participating under the current security circumstances.

“We have seen troubling signs that the election might be disrupted, and we are not willing to put the lives of our supporters and citizens in danger,” Babalola explained. He echoed the call for the election to be postponed, stressing the need for sufficient security to safeguard the election process.

As the party withdraws from the election, it remains to be seen how the situation will affect the overall election planning and whether the authorities will heed the call for a postponement.

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Gov Adeleke Votes As Osun’s LG Election Begins

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By Kayode Sanni-Arewa

Governor Ademola Adeleke of Osun State has cast his vote at Unit 9, Ward 2, in Ede North Local Government Area, marking an early start to the election process at 8 a.m. on Saturday.

This comes amid growing concerns over potential unrest during the poll, which has been contentious.

Despite warnings from the Attorney General of the Federation, Lateef Fagbemi, and calls from the Nigeria Police Force for the suspension of the election due to the anticipated security challenges, the election proceeded as planned.

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The Labour Party also expressed its decision to pull out of the exercise, citing concerns over the safety of its agents.

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