March 15, 2018 / 11:43 AM / in 2 years

Nigeria's central bank to delay rate meeting - governor

Nigeria's central bank governor Godwin Emefiele speaks during the monthly Monetary Policy Committee meeting in Abuja, Nigeria January 26, 2016. REUTERS/Afolabi Sotunde/File Photo

LAGOS (Reuters) - Nigeria’s central bank will delay its next interest rate-setting meeting after a political spat over nominations for its Monetary Policy Committee, governor said on Thursday.

Governor Godwin Emefiele told CNBC the meeting scheduled for March 19-20 would be delayed by about seven to 10 days, or at the latest, until the first week of April.

Nigeria’s Senate will next week consider a report into nominations for the central bank’s monetary policy committee, its president said on Wednesday, a move that could end an impasse that has halted policy decisions.

Reporting by Chijioke Ohuocha; Editing by Andrew Heavens

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