JUST IN: SENATE CONFIRMS CARDOSO, YUGUDA, 10 OTHER AS MPC MEMBERS
The Senate has confirmed the appointment of 12 persons as members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN).
This confirmation comes after a report of the Committee On Banking, Insurance and other Financial Institutions Committee of the CBN was considered during plenary on Thursday.
The confirmation of the new MPC members comes days to the first policy meeting of the apex bank under the new CBN governor. The meeting has been slated for February 26 and 27, 2024.
The members are:
1. Olayemi Cardoso – Chairman
2. Muhammad Sani Abdullahi – Member
3. Bala M. Bello – Member
4. Emem Usoro – Member
5. Philip Ikeazor – Member
6. Lamido Yuguda — Member
7. Jafiya Lydia Shehu – Member
8. Murtala Sabo Sagagi – Member
9. Aloysius Uche Ordu – Member
10. Aku Pauline Odinkemelu – Member
11. Mustapha Akinwumi – Member
12. Bandele A.G. Amoo – Member
In November 2023, Cardoso, who was newly appointed CBN Governor by President Bola Tinubu in September 2023, had said that the MPC meeting has not been effective under his embattled predecessor, Godwin Emefiele.
“For quite some time, the MPC meeting has not been effective,” he said, adding that the CBN Act 2007 requires that the MPC meeting holds four times a year and the bank has satisfied the requirement for 2023.
“Our focus is on ensuring that these meetings are useful and effective,” he had stressed.
However, renowned economist and Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, had said the MPC should meet beyond four times a year to review economic and financial conditions and stem galloping inflation.
More Stories
SPORT NEWS: SIX FACE TRIAL IN PARIS FOR BLACKMAILING PAUL POGBA
Six men linked to Juventus and France midfielder Paul Pogba face trial from Tuesday, accused of blackmail, attempted extorsion of...
UPDATE: FRSC HANDS OVER N630,750 TO RELATIVE OF ACCIDENT VICTIMS IN ZAMFARA
The Federal Road Safety Corps (FRSC), Zamfara Sector Command, has handed over the sum of ₦630,750 recovered from a tragic...
JUST IN: DANGOTE REFINERY REDUCES PETROL PRICE FOR MARKETERS
The Dangote Petroleum Refinery on Sunday announced a reduction in its price of the Premium Motor Spirit (PMS), also known...
SECURITY OPERATIVES KILL SUSPECTED ARMED ROBBER, RECOVER AK-47 RIFLE IN ANAMBRA
Security operatives have killed a suspected armed robber said to be terrorising residents along the Nkwo Enugwu-Ukwu Road in Njikoka...
JUST IN: WORLD REACHES $300 BILLION CLIMATE FINANCE DEAL AT COP29
The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed...
NDLEA ARRESTS BUSINESSMAN FOR SMUGGLING COCAINE THROUGH INGESTION
The National Drug Law Enforcement Agency has announced the arrest of a businessman caught with a large quantity of cocaine....