Nigeria’s monetary policy committee postponed its planned announcement of its latest interest-rate stance, a week after the nation’s president appointed new governors at the central bank.
(Bloomberg) — Nigeria’s monetary policy committee postponed its planned announcement of its latest interest-rate stance, a week after the nation’s president appointed new governors at the central bank.
The MPC meeting scheduled to be held on Sept. 25-26 has been postponed until further notice, the central bank said in a statement on Thursday.
President Bola Tinubu last week nominated Olayemi Michael Cardoso, a Harvard graduate and former Citibank executive, to be the next governor of the nation’s central bank. Cordoso’s appointment to the five-year term will require confirmation by the Senate. Another four people were nominated as deputy governors.
Read More: Nigeria Names Ex-Citibank Executive as Central Bank Head
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