CBN Reschedules May 2020 MPC Meeting 

The May 2020 meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), earlier scheduled for Monday and Tuesday, May 25 and 26, 2020, respectively has been rescheduled.

The Apex Bank in a statement to stakeholders and the general public on Thursday, May 21, 2020, disclosed that the meeting will now hold on Thursday, May 28, 2020.

According to the Director, Corporate Communications, Isaac Okorafor, the meeting was rescheduled as a result of the declaration of Monday and Tuesday, May 25 and 26, 2020, as Eid-el Fitr holidays.

“For the avoidance of doubt, the CBN has put in place all necessary machinery for the meeting to now hold for only one day on account of the on-going COVID-19 national lockdown and to align this meeting with extant rules of the Presidential Task Force (PTF) on COVID-19 and advisories from other relevant agencies.

“All inconveniences caused by these changes are regretted”, Okorafor stated.

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