This session is preparatory to their first meeting in the tenure of Olayemi Cardoso as the Governor of the CBN.
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The Central Bank of Nigeria on Thursday announced the indefinite postponement of the September edition of its bi-monthly Monetary Policy Committee meeting.
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) prepares for its July meeting, some financial experts have called for moderation in its policy decisions.
Emefiele gave the clarification on Tuesday in Abuja, after the Monetary Policy Committee (MPC) meeting of the apex bank.
Godwin Emefiele, the CBN Governor, who has shown capacity and pluckiness managing Nigeria’s reserve bank these past years of global cum local economic crisis, made this announcement on Tuesday, July 27 while presenting a communique from the Monetary Policy Committee (MPC) meeting. He cited unwholesome business practices of the BDCs which run contrary to the rules of engagement thus putting much strain on the naira.
Specifically, the market capitalisation, which opened the week at N20.579 trillion, lost N604 billion to close at N19.975 trillion.
The case involving the pair has to date centred around a CHF2 million (£1.6million/$2.2million/€1.8million) payment made by Blatter to Platini in 2011.
The domestic equities market closed update on Tuesday with a growth of 0.19 per cent just as the Monetary Policy Committee retained all rates in spite of the COVID-19 pandemic.
Financial experts on Saturday said the upward review of the Cash Reserve Ratio by the Monetary Policy Committee of the Central Bank of Nigeria was necessary to tame inflation.
The CBN Governor, Godwin Emefiele, made this known while addressing newsmen on outcome of the MPC meeting in Abuja on Tuesday.
An economist, Prof. Pat Utomi, has said the likely retention of the Monetary Policy Rates for a while at 14 per cent was reasonable due to non-availability of pressure on the economy.
Financial experts on Wednesday described as futuristic and pragmatic the decision of the Central Bank of Nigeria to retain the lending rate at 14 per cent alongside other monetary policy parameters.
The Central Bank Governor, Godwin Emefiele, made this known at a news conference on Tuesday in Abuja on the outcome of the 263rd Monetary Policy Committee meeting.
Godwin Emefiele, Governor of the Central Bank of Nigeria, made this known at a news conference on Tuesday in Abuja on the outcome of the MPC meeting.
According to a statement signed by the bank’s acting Director, Corporate Communications, Isaac Okoroafor on Wednesday in Abuja, Prof Adeola Adenikinju, Dr Robert Asogwa and Dr Aliyu Sanusi also commenced their tenure as Members of the Monetary Policy Committee.
This followed the adoption of the communication from President Muhammadu Buhari, requesting the Senate to confirm the nomination of the four appointees.