The Central Bank of Nigeria, CBN, has today announced the postponement of its 293RD Meeting of The Monetary Policy Committee

This was contained in a Press Release titled, “CBN Defers September 2023 MPC meeting”, signed by the Director of Corporate Communications, Dr Isa AbdulMumin, on Thursday in Abuja.

The apex bank had earlier scheduled the meeting for the 25th and 26th of September. However, no new date has been fixed as they said they would communicate when it is ready.

The notice reads, “The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has deferred its 293rd meeting scheduled for Monday and Tuesday, September 25 and 26, 2023, respectively. A new date will be communicated in due course. We regret any inconvenience this change may cause our stakeholders and the general public,” Dr Isa said.

Not good news with naira in free fall in the parallel market.

expect the fall if the naira to continue.