In our study, the dielectric behaviour of the rod-like liquid crystal (6CHBT) doped with magnetic nanoparticles of spherical shape was investigated by means of dielectric spectroscopy in the frequency range from 20Hz to 2MHz. A low frequency dielectric dispersion in the nematic and isotropic phases of the pure liquid crystal (LC) has been assigned to the space charge polarization. After doping the host LC with the magnetic nano particles, a nearly Debye-like relaxation process was observed with the temperature dependence obeying the Arrhenius law. Considering a possible electric double layer formation on the particle surfaces, the detected relaxation process in the doped LC can be associated with the electric double layer polarization. The experimental results point out that in the measured frequency range the space charge and interfacial effects constitute the main dielectric response. Any anchoring effects were not observed and are therefore expected to appear in higher frequencies.