Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home General News Politics

Senate ready to screen Monetary Policy Committee (MPC) nominees

Fikayo Owoeye by Fikayo Owoeye
March 13, 2018
in Politics
Senate ready to screen Monetary Policy Committee (MPC) nominees
Share on FacebookShare on TwitterShare on Linkedin

The face-off between the National Assembly and the Executive seems to be over as the Senate has approved that the nominees for the position  of the Deputy Governor of the Central Bank, and Members  of the Monetary Policy Committee MPC  be screened for confirmation.

In a point of order raised at plenary by the Chairman Senate Committe on Banking, Insurance and other financial institutions, Senator Rafiu Ibrahim, appealed to the lawmakers to  step down on their hard stance on the confirmation of appointments sent by President Buhari. The prayer was granted by colleagues.

The Senator who noted that the continued delay in the confirmation of the deputy governor of the CBN and members of the MPC was negatively affecting the economy, especially foreign investments.

It would be recalled that the Senate had threatened not to consider any nominations sent to it by the executive over the refusal of the presidency to sack the Chairman of the Economic and Financial Crime Commission, Mr. Ibrahim Magu.

The Executive was reported to have argued that the Senate lacks the power to confirm the EFCC Chairman in the first place. A Federal high court sitting in Abuja however affirmed the powers of the senate to confirm or reject the President’s appointments.

The Monetary Policy Committee MPC is the highest policy making of the Central Bank in reviewing economic and financial conditions in the economy. It also determine appropriate stance of policy in the short to medium term, and adopt changes when necessary. Lastly, it communicates monetary and financial policy decisions effectively to the public.

The MPC meeting has not held this year, due to an absence of quorum. This led to the apex bank leaving MPR and other variables unchanged.

Related

Tags: Monetary Policy CommitteRafiu Ibrahim

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Access Bank
Bankers Committee
Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets
First bank





    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Nigeria needs collaboration of DFIs to curb economic hardship – BoI
    • Why are poor Nigerians making more phone calls?
    • TD Africa clocks 23, rolls out special anniversary sale

    Follow us on social media:

    Recent News

    Bank of Industry seals landmark $1 billion syndicated term loan, Female entrepreneurs get N26 billion BOI loans , BOI donates N700 million to aid fight against coronavirus, BOI denies running a loan empowerment scheme

    Nigeria needs collaboration of DFIs to curb economic hardship – BoI

    May 16, 2022
    MTN Nigeria shares, Airtel Afrrica shares, Glo subscribers, 9mobile subscribers, Internet speed, Mobile Phone user, MTN bans Glo calls, MTN lift ban on Glo calls

    Why are poor Nigerians making more phone calls?

    May 16, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
    • Economy
      • Macro-Economic News
      • Get Data
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com