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LG has unveiled the first 88-inch 8K OLED TV

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Behind closed doors at CES 2018, we saw an 88-inch 8K OLED display prototype from LG Display, the South Korean electronics company’s business-to-business arm. The massive screen wasn’t available for show attendees to view — it wasn’t even TV at that point. With today’s announcement, we learn LG is one step closer to making such an advanced TV — likely with a price tag to match its size — available for purchase, likely in 2019.



Sure to generate oohs and aahs by all who pass by, LG’s latest incredibly large 8K creation sports twice the pixel count as 4K and eight times that of standard HDTV. For number crunchers, that’s over 33 million pixels at a 7,680 x 4320 resolution. Another way to imagine it is four 4K televisions in a 4×4 grid.

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LG isn’t the only brand bringing 8K to the show, either. We know Samsung will also unveil an 8K QLED TV here at IFA — the billboard advertisements claiming as much are pasted all over Berlin.

Among those not standing enraptured by an 8K image in front of the TV, the arrival of 8K television may not receive such a warm welcome. After all, it seems like we just got 4K TV, and we’ve only just come to the point where 4K content is readily available through streaming services like Netflix, Amazon, YouTube, and Vudu, and via 4K Ultra HD Blu-ray disc. Where’s the 8K content going to come from? Why are manufacturers seemingly forcing another upgrade down our throats?

For LG’s part, the evolution is imminent. “LG’s first 8K OLED TV is the pinnacle of technological achievement and the next evolutionary step in display technology,” said Brian Kwon, president of LG Home Entertainment Company in a statement. “4K OLED played a major role in reshaping TV industry and LG is confident that 8K OLED will do the same.”

Kwon is not wrong. The introduction of 4K OLED was a big step toward inciting a battle for ultra-premium TV supremacy and the rapid development that came with that battle has resulted in a trickle-down effect, bringing ever-improved TV picture quality to prices the average consumer can afford.

Aside from the argument that technology is necessarily dying if it isn’t evolving, there’s a proposed benefit to 8K resolution at ultra-large screen sizes. Today’s 65-inch TV is yesterday’s 55-inch TV, and it is likely the average TV size in living rooms and home theaters will get larger in the coming years. LG is betting on it. The company says it expects 8K TV sales to grow to 5 million units by 2022, possibly exceeding the growth of 4K over its first three years.

As for content, the 8K OLED’s onboard upscaling of 4K content should make a considerable difference at 88-inches, and ultimately, 8K content will be here. Live 8K broadcasts are already underway. As for streaming? The bandwidth to support a quality 8K stream is hard to come by, and would like eat up bandwidth caps in a hurry. Still, at such sizes, a compressed 8K signal could look superior to today’s 4K streams.

We’ll be getting hands-on time and video of the new 88-inch 8K OLED TV from LG’s booth at IFA 2018 soon, so visit back for a close look at just what this TV brings to the party.

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Nigeria: CBN monetary policy rate remains at 14%.

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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.

The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja.



He explained that all the eleven members of the committee that attended the meeting agreed to maintain the current monetary policy stance.

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He said apart from the MPR which was retained at 14 per cent, the committee also retained the Cash Reserves Ratio at 22.5 per cent.

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Also retained are the Liquidity Ratio which was left at 30 per cent; and the Asymmetric Window which was left at +200 and -500 basis points around the MPR.

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Nigeria: Council of State reaches final pegs new minimum wage at 27,000

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The National Council of State presided over by President Muhammadu Buhari has approved the sum of N27,000 as the new minimum wage.



The national council approved the sum during an ongoing meeting at the Presidential Villa in Abuja.

The meeting had in attendance former presidents like Olusegun Obasanjo, Goodluck Jonathan and the Senate President, Bukola Saraki, among others.

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