Finance

CBN postpones MPC meeting indefinitely

mpc meeting

The Central of Nigeria (CBN) has postponed its fifth Monetary Policy Committee (MPC) meeting of 2023 earlier scheduled for September 25th and 26th.

Isa AbdulMumin, Director, Corporate Communications of the CBN, confirmed the postponement in a statement made available to TheNiche. The statement did not state the reason for the postponement or the date for the next scheduled meeting.

Read:  Leadway Pensure PFA appoints Lanre Idris as managing director

The statement reads: “The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has deferred its 293rd meeting scheduled for Monday and Tuesday, September 25 and 26, 2023, respectively. A new date will be communicated in due course.

Read:  Abbey Mortgage Bank to pay dividend in 2022

“We regret any inconvenience this change may cause our stakeholders and the general public.”

The postponement of the MPC meeting may not be unconnected with the recent announcement of Yemi Cardoso as the new CBN Governor, pending confirmation by the Senate.

The MPC, headed by the CBN Governor, is statutorily charged with responsibility for the conduct of monetary policy in Nigeria.

Read:  N2.4bn debt: AMCON takes over Glano Nigeria

The committee formulates and monitors implementation of monetary policy to achieve the monetary policy objectives. It’s last meeting was on July, 2023.

thenicheng

Related posts

Company income tax increases by N97.05bn in Q1, 2021- NBS

NigGal

Zenith Bank outpace GTCO first time since 2009

NigGal

Naira appreciates at Investors, Exporters window by 0.25%

NigGal

Naira exchange rates November 2022

NigGal

Zenith Bank leads Nigerian lenders in new global ranking

NigGal

Glo launches joy unlimited extravaganza promo

NigGal

Leave a Comment