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.”
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.
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.
into the nominations this week and could approve them, paving the way
for the first rate-setting meeting this year.
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