Nigeria’s central bank has postponed a meeting of its monetary policy committee for a second time since Governor Olayemi Cardoso was nominated to the post in September.
A calendar of MPC meetings published on the central bank’s website had scheduled the next gathering for Monday and Tuesday.
This was made known on Monday by the spokesman for the bank, Isa Abdulmumin, that the meeting has been postponed without giving specific date of when the next meeting will be held
Investors have been looking to the monetary policy committee meeting for signals on how the central bank will rein inflation that’s accelerating at the fastest pace in almost two decades.
They’re also anticipating an update on the overhaul of the nation’s foreign-exchange controls initiated by President Bola Tinubu in June.