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Nigerian Dancer Ben Dancer Completes Seven-Day Dance Marathon, Awaits Guinness Verdict

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Nigerian dancer and choreographer Benjamin Daniel Gabriel , popularly known as Ben Dancer , has completed a remarkable seven-day dance marathon in Lagos as he seeks to set a new Guinness World Records title . The dancer ended the physically demanding challenge after dancing for 176 hours, 52 minutes and 59 seconds , according to reports, taking his performance well beyond the seven-day target he initially set for himself. However, despite completing the marathon, Ben Dancer has not yet been officially declared a Guinness World Records holder. His evidence will have to go through the organisation's verification process before the record can be confirmed. Ben Dancer Goes Beyond His Seven-Day Target Ben Dancer began the endurance challenge in Lagos on September 22, with the aim of dancing continuously for seven days. His initial target was 168 hours , equivalent to seven days. But after reaching that milestone, he continued dancing for several more hours. His team said the fi...
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CBN Revises Lending Rate to Curb Inflation and Stabilize Economy

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The Central Bank of Nigeria (CBN) has once again revised its benchmark lending rate, raising the Monetary Policy Rate (MPR) as part of efforts to combat rising inflation and stabilize the nation's fragile economy. This latest adjustment signals the apex bank's commitment to tightening monetary policy in response to persistent inflationary pressures and currency volatility.

At the conclusion of its recent Monetary Policy Committee (MPC) meeting, the CBN announced an increase in the MPR by 150 basis points, bringing it to 26.25%. This decision marks the third rate hike in 2025, following earlier adjustments in response to inflation, which currently hovers above 33%.

CBN Governor, Mr. Olayemi Cardoso, explained that the rate revision is aimed at taming inflation, stabilizing the naira, and restoring investor confidence in the Nigerian economy. According to him, “Inflation has become a major threat to our economy, eroding purchasing power and increasing the cost of living. The MPC believes this hike will help reduce excess liquidity and strengthen monetary stability.”

The revised rate will impact commercial banks, as it directly influences lending costs and interest rates across the financial sector. As borrowing becomes more expensive, individuals and businesses may find it more difficult to access credit. While this may slow down economic activities in the short term, the CBN believes the long-term benefits will outweigh the drawbacks.

Economic analysts have reacted with mixed feelings. Some argue that the hike may burden small businesses and increase loan default risks. Others support the move, noting that tightening monetary policy is necessary to stabilize prices and restore confidence in the economy.

As Nigerians continue to grapple with high prices and a weakened currency, all eyes are on the CBN to ensure that these policy shifts translate into real economic relief. Whether this latest rate hike will yield the desired outcomes remains to be seen.

— Luchiinter News
luchiinter.blogger.com

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