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...

CBN INCREASES INTEREST RATE. (PHOTO).


 CBN Increases Interest Rate

May 24, 2023

The Central Bank of Nigeria (CBN) on Wednesday, raised its benchmark lending rate to 18.5 per cent, from 18 per cent, in an aggressive push to contain the nation’s inflationary pressure.

The CBN governor, Godwin Emefiele, announced this Wednesday after the bank’s Monetary Policy Committee (MPC) meeting that began Tuesday.

Mr Emefiele while addressing journalists at the end of the two-day meeting in Abuja, said the committee voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR.

He also disclosed that the MPC voted to keep the Cash Reserve Ratio (CRR) at 32.5 per cent while the Liquidity Ratio was retained at 30 per cent.

“Ten members voted to raise the MPR by 15 basis points and one member by 25 basis points, and all members voted to keep all parameters in constant,” Mr Emefiele said.

The CRR is the share of a bank’s total customer deposit that must be kept with the central bank in the form of liquid cash, while the bank’s liquidity ratio is the proportion of deposits and other assets they must maintain to be able to meet short-term obligations.

In January, the MPC raised its benchmark lending rate from 16.5 per cent to 17.5 per cent in a sustained push to control inflation and ease pressure on the naira.

Similarly, the CBN, during the last MPC in March, raised its benchmark lending rate to 18 per cent in an aggressive push to contain the nation’s inflationary pressure.

Last week, the annual inflation rate of Africa’s largest economy rose to 22.22 per cent in April from 22.04 per cent in the previous month. The National Bureau of Statistics (NBS) said the April 2023 inflation rate increased by 0.18 per cent compared to the March 2023 headline inflation rate.

 

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