CBN Reschedules September 2019 MPC Meeting

CBN Reschedules MPC Meeting

The Central Bank of Nigeria (CBN) has rescheduled its Monetary Policy Committee meeting for September earlier scheduled for September 23 and 24, 2019.

The notice of the change in date was made known in a press release dated September 17, 2019, which was signed by Isaac Okorafor, Director, Corporate Communications.

The statement reads; “This is to inform all our stakeholders and the general public that the
Monetary Policy Committee (MPC) meeting No. 269, earlier scheduled for Monday, September 23 and Tuesday, September 24, 2019, will now hold on Thursday, September 19 and Friday, September 20, 2019.”

“All inconveniences caused by this change are highly regretted.”

In a related development, Naija News reports the CBN has also directed commercial banks in the country to implement a new phase of its cashless policy which will see Nigerians charged for certain categories of deposits and withdrawals.

The policy will be operational in six states of Lagos, Ogun, Kano, Abia, Anambra, Rivers, and the Federal Capital Territory, but nationwide implementation will take effect from March 31, 2020.