Featured post

WAPTV Set to Bring Indian Hit Series ‘Rajjo’ to Nigerian Television

-
Image
Nigerian television viewers are set for a fresh dose of romance, family drama and inspiring storytelling as WAPTV prepares to bring the popular Indian television series “ Rajjo ” to Nigerian audiences. The development is generating interest among television lovers because WAPTV is expected to become the first television channel in Nigeria to broadcast the Indian romantic drama , giving viewers an opportunity to experience one of India’s popular family-oriented dramas from the comfort of their homes. According to reports published on August 15, 2026, the acquisition of the broadcast rights is part of WAPTV’s effort to strengthen its position in Nigeria’s competitive television industry while continuing to provide premium and family-friendly entertainment. WAPTV makes history with ‘Rajjo’ WAPTV, popularly known as a family entertainment channel, has continued to expand its programming over the years, and the acquisition of “Rajjo” represents another major step for the station. T...
Post a Comment

CBN Revises Lending Rate to Curb Inflation and Stabilize Economy

-

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

Comments

Post a Comment

Popular posts from this blog

“Powering Nigeria’s Future: How Gas Investments Are Cutting Costs and Driving Growth”

-
Image
Nigeria is embarking on a bold journey to transform its energy landscape, and at the heart of this transformation is the Midstream and Downstream Gas Infrastructure Fund (MDGIF) . Established under the Petroleum Industry Act (PIA) of 2021 , the MDGIF is now one of the most ambitious initiatives in Africa’s energy sector, designed to drive investment in gas infrastructure, reduce harmful gas flaring, and make energy more affordable for everyday Nigerians. Over the past year, the MDGIF has moved from a concept on paper to a funding powerhouse, supporting over 16 companies to develop gas-related projects that could reshape how Nigeria produces, transports, and uses energy. With a clear focus on infrastructure development, this initiative promises not only to reduce the country’s dependence on petrol but also to boost economic growth, create jobs, and cut energy costs for millions. A Vision Backed by Investment Gas is increasingly seen as the future of energy in Nigeria. The country h...
Read more

Dubai Jails Nigerian Lady For Filming Maltreatment, Family Kicks

-
Image
A Nigerian woman, identified as @dunchichi on Twitter, has been reportedly sentenced to a one-year jail term by the United Arab Emirates government for a social media post, showing how some Nigerian nationals were illegally detained at Dubai international airport.  On August 31, Lar had taken to her  Twitter  page to share photos and videos of herself and other people she identified as Nigerians being detained at the Dubai international airport. She wrote,  “I am at the Dubai international airport and myself and some tiger Nigerians with valid visas are being held in a room hours after arriving with no explanation and no information on what we can do. Please help me. There is more than 20 of us.” In a series of posts that followed, Lar accused the airport authorities of humiliating Nigerians. On Saturday, her family, in a post by one  @jerrydoubles,  said she was sentenced for exposing the maltreatments of Nigerians in Dubai. The post read in part,  “I...
Read more

Title: MultiChoice Nigeria Fined ₦766 Million for Data Privacy Violations

-
Image
MultiChoice Nigeria , the popular entertainment and satellite television service provider, has been slammed with a hefty fine of ₦766 million by the Nigeria Data Protection Commission (NDPC) over violations of the country's Data Protection Act . The development marks a major move by Nigerian authorities to uphold data privacy and ensure organizations are held accountable for mishandling personal data. The NDPC’s investigation revealed that MultiChoice was involved in what it described as " intrusive data processing " practices. These included collecting and handling the personal data of both subscribers and non-subscribers without proper consent. Furthermore, the commission found evidence that MultiChoice engaged in cross-border transfers of Nigerian citizens’ data without complying with legal protocols. According to the NDPC, these actions were in violation of Section 37 of the 1999 Nigerian Constitution and the Nigeria Data Protection Act 2023 . The probe, which ...
Read more