CBN postpones MPC meeting, keeps mum on new date

Celebrity Gig



CBN postpones MPC meeting, keeps mum on new date

The Central Bank of Nigeria has postponed the Monetary Policy Committee’s 293rd meeting, which was scheduled for September 25 and 26, 2023.

A statement by the bank’s Director of Corporate Communications, Dr Isa AbdulMumin, said on Thursday.

The statement read, “The Monetary Policy Committee of the Central Bank of Nigeria has deferred its 293rd meeting scheduled for Monday and Tuesday, September 25 and 26, 2023, respectively.

READ ALSO:  Applying in-DRAM index to heterogeneous memory-based key-value stores

“A new date will be communicated in due course. We regret any inconvenience this change may cause our stakeholders and the general public.”

Although the apex bank did not provide any reason for the postponement, some operators said it was connected to the newly appointed governor and deputy governors of the bank that had not yet been approved.

READ ALSO:  Twitter to focus on video, commerce in business revamp

Earlier, President Bola Tinubu nominated Yemi Cardoso to head the CBN.

Tinubu also approved the nomination of four new deputy governors of the apex bank to serve for a similar duration of five years in the first instance, pending their confirmation by the Senate.

The nominees are Emem Usoro, Muhammad Abdullahi-Dattijo, Philip Ikeazor, and Bala Bello.

READ ALSO:  Video of lady kneeling down and shedding tears upon meeting Moses Bliss in UK triggers comments

However, the appointment of the CBN governor is subject to confirmation by the Senate, which is still on an annual recess.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

Categories

Share This Article
Leave a comment