Godwin Emefiele, governor of Nigeria central bank said Thursday that the bank will delay its next interest rate-setting meeting following a political spat over nominations for its Monetary Policy Committee.
Emefiele told CNBC the meeting scheduled for March 19-20 would be delayed by about seven to 10 days, or at the latest until the first week of April.
Nigeria’s Senate will next week consider a report into nominations for the central bank’s monetary policy committee, its president said on Wednesday, a move that could end an impasse that has halted policy decisions.
- Rate Hikes Are Not the Right Answer to "Wage-Price Persistence"
- Nigeria's broadband penetration hits 44.5% in July, NCC says
- Our concern in Nigeria’s road transport sector is survival
- Nigeria secures US-backed $1.5bn loan for solar projects
- Segment redefining N12.5m Changan CS15 Crossover SUV arrives Nigeria