Business
How Nollywood Movie Makers, Actors can be financially secured through ‘Nollycoin’
Nollywood is arguably a force to be reckoned with globally in the
movie industry and has a great prospect but sadly most producers,
actresses; movie makers and directors find it so hard to get a lot of
money from as their gains are most times eaten up by piracy. Despite
the fact that a lot of resources is being put into production and
promotion, they end up not getting even half of the resources they put
into it.
There are so many factors responsible for this situation in the
industry, the government isn’t also helping in pumping money into the
sector or protecting it from piracy. However, this is about to end
finally in the history of Nollywood.
A new technology called ‘Nollycoin’ is about to eradicate piracy,
losses in the industry and it’s set to bring about a change in the
industry.
Nollycoin is an initiative powered by blockchain technology designed
to support the creation, publication, and consumption of Nollywood and
African movies as a cycle.
It is mainly to promote films produced in Nigeria and Africa at large
and create a good reward system for those involved in the production
of motion picture.
According to the CEO, Ope Banwo, a Renowned entertainment lawyer and
entrepreneur, “This is a system designed to ensure that once a
transaction is performed on our platform, every stakeholder registered
to get royalty gets what it due to him instantly unlike the
conventional system,” he said during the chat with the media
practitioners.
Explaining how the Nollycoin works, the former chief executive officer
of Dove Media said the Nollycoin is a token given to those who buy
into the Nollytainment project.
According to him, “When someone financially supports our Nollytainment
project, they are given what is called the token or Nollycoin, which
can be likened to anything like a bottle cap.
“At the time they were given such tokens, they are without value, but
when our films are released either in the cinemas or on our platform,
they can start having value because the tokens would be the only
‘currency’ to see the films either at the cinema or online.
“At this point, an imaginary value is apparently placed on the tokens
people people would have to use the Nollycoin to watch the film.
“When such happens, it is natural that those who have it will want to
exchange the tokens for cash and that is how it gets its value.
“This is the same concept every crypto currency in the world uses. The
search for it places value on it,” Ope Banwo explained.
He described the Nollycoin as a crypto currency or digital currency
that is used as a form of transaction on the Nollytainment platform.
Ope Banwo stressed that with Nollycoin, filmmakers do not have to
worry about access to capital, copyright/piracy, movie distribution,
royalty and others and the platform would solve those problems.
According to him, Nollycoin will provide top financial backing for
some of the best producers in the Nollywood, provide copyright
protection and solve piracy issues, provide universal means of
exchange for Nollywood movies, provide multi-level worldwide
distribution to justify financial investment, enable fair compensation
for collaborators in creating the movies, and provide access to
financing and capital to product qualitative movies.
Meanwhile, the digital currency has been made available to all at a
cheaper rate in the pre-ICO exercise, which started on March 1, 2018
and will close this week on Saturday. March 31, 2018.
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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