New Nigerian MPC members voice concerns over balancing act
Committee able to meet after lawmakers lift boycott of president’s candidates
The Central Bank of Nigeria has published the minutes of the first meeting that its monetary policy committee (MPC) was able to hold in nearly five months, after lawmakers ended their refusal to confirm new members.
The meeting on April 4 and 5 was the first time since November 20 and 21 that the CBN’s rate-setting committee had enough members to form a quorum. Lawmakers in Nigeria’s senate had refused to hold confirmation hearings for several candidates nominated by president Muhammadu Buhari
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