Nigeria’s central bank to hold interest rate meeting April 3-4 -spokesman

0
292

ABUJA, March 19 (Reuters) – Nigeria’s central bank plans to hold its next interest rate meeting April 3-4, a spokesman said on Monday, contingent on the upper house of parliament confirming the president’s nominees for the monetary policy committee (MPC).

“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. 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. (Reporting by Camillus Eboh Additional reporting by Chijioke Ohuocha Writing by Paul Carsten Editing by Catherine Evans)

SHARE
Previous articleGlobal Money Week: FirstBank targets Nigerian youths with KidsFirst and MeFirst products launch
Next articleFacebook Plunges as Pressure Mounts on Zuckerberg Over Data
Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.