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CBN Reschedules May 2020 MPC Meeting To May 28

BY NKECHI NAECHE -ESEZOBOR–The Central Bank of Nigeria on Thursday informed its stakeholders and the general public that 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, will now hold on Thursday, May 28, 2020.

This is as a result of the declaration of Monday and Tuesday, May 25 and 26, 2020, as Eid-el Fitr holidays.

This is contained in a statement signed by Isaac Okorafor, Director, Corporate Communications of the bank, that 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.

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