PIXAR ANNOUNCES NEW FINDING NEMO SHORT FILM, LOVING DORY . (PHOTO).

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 Pixar announces new Finding Nemo short film, Loving Dory  Pixar is returning to the “Finding Nemo” universe with a new short film titled “Loving Dory,” continuing the franchise after its two films grossed roughly $2 billion worldwide. The short was announced at the Annecy International Animation Film Festival, where Pixar also revealed plot details and screened early footage. Produced by Mary Alice Drumm and directed by Lou Hamou-Lhadj, the story follows Dory as she takes Nemo to school. On her way back, she becomes trapped in a sea anemone and is rescued by what she believes is a jellyfish, which is actually a plastic bag containing a discarded sunscreen tube. Dory then forms an unexpected friendship with the object, with the footage showing a series of whimsical, emotional moments between the pair. The animation reportedly features a dreamy visual style with layered lighting, underwater particles, and soft depth effects, drawing comparisons to earlier Pixar experimental wor...
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PUBLIC DEBT RISES 48% TO N144.67TRN IN 2024 — DMO. (PHOTO).

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 Public debt rises 48% to N144.67trn in 2024 — DMO


Nigeria’s public debt surged by 48.5 per cent year-on-year (YoY) to N144.67 trillion ($94.23 billion) in 2024, up from N97.34 trillion ($108.23 billion) in 2023.


This was disclosed by the Debt Management Office (DMO) in its most recent public debt profile report.


The total debt consists of external debt amounting to N70.29 trillion ($45.78 billion), which is serviced with $4.66 million, and domestic debt of N74.38 trillion ($48.44 billion).


The report revealed that the country’s external debt rose by 83.89 per cent YoY from N38.22 trillion ($42.5 billion) in 2023.


Meanwhile, domestic debt grew by 25.7 per cent YoY from N59.12 trillion ($65.73 billion) in 2023.


Additionally, the report showed that the Federal Government’s domestic debt component rose by 32 per cent YoY, reaching N70.41 trillion from N53.26 trillion in 2023.


In contrast, the domestic debt of states and the Federal Capital Territory fell by 32 per cent YoY to N3.97 trillion in 2024, down from N5.86 trillion in 2023.


The increase in public debt can largely be attributed to fluctuating exchange rates amid changes in global economic conditions.


The sharp rise, particularly in external debt, underscores the nation’s vulnerability to exchange rate fluctuations and shifts in global economic dynamics.


As the naira continues to depreciate, the cost of servicing foreign debt could rise, placing additional strain on the country’s financial resources.

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