NewStats: 3,265,437 , 8,186,744 topics. Date: Saturday, 14 June 2025 at 11:33 PM 523y3n

The Central Bank of Nigeria (CBN) has postponed the 293rd meeting of the Monetary Policy Committee (MPC).

No reason was given by the apex bank which made the announcement in a release by the CBN spokesman, Abdulmumin Isa.

Isa said a new date will be communicated.

The MPC, which was scheduled for Monday and Tuesday next week, would have afforded the committee to opportunity to review the hawkwish interest rate position of the CBN amidst growing inflation concern.

Analyst expect the meeting to also serve as a validation session as President Bola Tinubu has named new governor and deputy governors for the bank, awaiting confirmation by the Senate.

It is unclear if the leadership change at the bank is the cause of the postponement.

Last week Tinubu named Yemi Cardoso as the new CBN governor and Sani Ahmad Dattijo, Mrs. Emem Nnana Usoro, Mr. Philip Ikeazor, and Dr. Bala M. Bello as deputy governors.

https://dailytrust.com/cbn-postpones-mpc-meeting-indefinitely/

G

Definitely due to the recent leadership change.

Hmmmm, waiting for the new handlers to come in and determine where to go.
Let's hope for a better result

Yorubanization is not equal to competence.

If OBJ did half of what APC did. Maybe we for no get Nigeria.

Mugus

Alright

CBN’s Monetary Policy Committee Meeting Delayed Again

For only the second time ever, the Central Bank of Nigeria (CBN) has postponed its much-anticipated Monetary Policy Committee (MPC) meeting.

The announcement came on Thursday when the CBN confirmed that the 293rd series of the committee, originally scheduled for September 25 and 26, 2023, would be delayed. Isa AbdulMumin, the Director of Corporate Communications, mentioned in a statement that a fresh date would be relayed soon. He also extended apologies for any inconvenience this might cause to stakeholders and the public at large.

This isn’t the first time the CBN has altered the MPC meeting’s schedule. Back in January 2020, the CBN rescheduled the year’s inaugural MPC meeting from January 20-21 to January 23-24. While the bank remained tight-lipped about the reasons behind the change, many speculated it was tied to the forthcoming general elections in Nigeria.

The recent postponement has sparked rumors, with many linking the delay to the recent shake-up in the CBN leadership. Just last week, President Tinubu announced replacements for the acting Governor and three Deputy Governors. These new appointments have yet to be ratified by the Senate, currently on its annual recess until September 26. Sources suggest that there might be further delays, as the Senators are contemplating pushing their return to October 6, 2023.

The MPC, the apex body of the CBN, convenes bi-monthly to review the nation’s economic and financial landscape, set the course for the bank’s monetary policy, and ensure the policy’s credibility and communication. Given the committee’s pivotal role, all eyes will be on the CBN for the next steps and further announcements.

https://www.financialwatchngr.com/2023/09/21/cbns-monetary-policy-committee-meeting-delayed-again/

E don set

Chaiii.....This Mumini don Pray tire....Yet CBN is in a mess.

Our economy is sick. Doctors now reuse single use/disposable items on patients. This is madness. Dollar is now approaching 1k but they said it wasn't ok @ 250 naira in 2015, that they'd reverse it.

Can someone tell me how we can increase export or grow local industries, when the raw materials needed to complement the local ones are expensive due to ever-increasing fx rates?

These guys are abusing the masses patience

It's very hard to be Tinubu right now,everything seem to be falling apart.
But I know for sure we'd have a currency rebound soon,Nigeria is too robust and too needed to be allowed to fail in the grand scheme of things.

Dollar is 980, not funny anymore, this is getting ridiculous.

So with $1k you now have 1million....

Mpc

May the last person to leave Nigeria, kindly lock the gate and turn off the lights.

There won't be electricity sef, so no need.

Let us share the grace in fellowship

They are sure to either deny or reverse this statement in a few hours or days, as usual, save this.

This is the worst impression any serious government with a clear vision and direction on what they are doing would want to convey to the investment community.

We are on a rigmarolic trial and error circus.

There ain't any hope in sight, for sure.

A bunch of confused and inexperienced lots.

c

They're confused on whether to increase or decrease interest rates ...

Noted.

Dialpad:
Dollar is 980, not funny anymore

1000 before December

...SMH



Wittyness

What is the use of all their policies over the years? Whenever they come up with a policy things will go from bad to worse.

AllBlack:


1000 before December

before november sef

zebszebs:
May the last person to leave Nigeria, kindly turn off the lights.

There won't be electricity sef, so no need.

Let us share the grace in fellowship

Shey you want to Japa ni?

All the new appointees don't have the faintest idea of what goes on at the MPC. They will receive a crash program. Thereafter they will just be doing anyhow there.....its just sad

You are wrong!!! It could be 1000 by Monday.

It was 940 or so last week

AllBlack:


1000 before December

Look at his forehead. Religious hypocrite.

Do you know that muslims are running away from Afghanistan?
That's a country which is 100% muslim.

Every true muslim knows that there is no life outside Christ!

Jesus is the only way to heaven and to peace on earth.

Lobatan! Na to keep HODL this dollars for one more week. 1200-1300 now very likely. Onward and upward!

Yugoslavia247:
Yorubanization is not equal to competence.

If OBJ did half of what APC did. Maybe we for no get Nigeria.

Mugus

Post your biological father's CV, let's see if he is more qualified than the people that Tinubu has been appointing.

Tinubu has been bringing in people that worked with him to turn Lagos around, or do you want him to appoint people who helped Giringori Obituary to turn Anambra to a state where everyone is running from? Even Giringori Obituary himself is hiding in Lagos

Hmmm

naija4life247:


Post your biological father's CV, let's see if he is more qualified than the people that Tinubu has been appointing.

Tinubu has been bringing in people that worked with him to turn Lagos around, or do you want him to appoint people who helped Giringori Obituary to turn Anambra to a state where everyone is running from? Even Giringori Obituary himself is hiding in Lagos

Now my Father.

Thank God I have a reasonable one who trained me to respect him and other people's father