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CBN To Hold Interest Rate Meeting April 3 – 4 | The Precision

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The Central Bank of Nigeria (CBN) will hold its next
monetary policy committee (MPC) meeting in April 3-4, a spokesman for the apex bank said on Monday.

“The new dates for
the MPC are April 3 and 4,” the spokesman told Reuters by phone. “We
are hoping that between now and then the members of the committee would
have been confirmed by the Senate.” 
A political spat
over nominations for the MPC meant Nigeria’s Senate had not approved
President Muhammadu Buhari’s candidates, leaving the committee unable to
form a quorum to set interest rates. 

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The Senate will consider a report
into the nominations this week and could approve them, paving the way
for the first rate-setting meeting this year.

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