March 22, 2018 / 11:17 AM / a month ago

Nigerian senate clears way for central bank's MPC to meet

ABUJA, March 22 (Reuters) - Nigeria’s senate approved the appointment of two deputy central bank governors and three members of the Monetary Policy Committee (MPC) on Thursday, giving the rate-setting panel sufficient numbers to meet for the first time this year.

The Senate had held up some of President Muhammadu Buhari’s nominations in a dispute that had left the MPC unable to form a quorum of six. The next MPC meeting is scheduled for April 3-4. (Reporting by Camillus Eboh Writing by Ed Cropley Editing by James Macharia)

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