Business
CBN pulls 2024-2025 policy guidelines over media misrepresentation
The Central Bank of Nigeria (CBN) has withdrawn its recently issued Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for 2024-2025 following widespread media misrepresentation, the bank announced on Friday.
Originally published on September 17, 2024, the document aimed to provide a reference for stakeholders by compiling previous policies up to December 31, 2023.
However, misinterpretations in media reports, including confusion over outdated policies like the now-suspended Cyber Security Levy and the connection between fuel subsidies and external reserves, prompted the CBN to pull the guidelines temporarily.
READ ALSO: CBN requires all PoS transactions to go through licensed aggregators
In a statement, the CBN clarified that the document is not a new policy framework but a collection of past directives, with amendments open as needed based on economic developments.
The bank emphasized that some of the earlier policies have been revised, especially in light of recent updates, such as those affecting the naira exchange rate.
The apex bank urged stakeholders and the media to seek direct clarifications to avoid further confusion, reiterating its commitment to clear monetary policy direction to support Nigeria’s economy.
-
Sports4 days agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest6 days agoTinubu endorses Nigeria’s participation in 2026 World Travel Market London
-
Football5 days agoU-17 Women’s World Cup: Flamingos Beat Mexico to Reach Quarter-Finals
-
Business3 days agoNNPC’s N66-per-litre petrol discount set to end October 31
-
Latest4 days agoNetanyahu, Eisenkot face coalition deadlock as Israel struggles to form new government
-
Latest3 days agoFG Announces N50,000 cash support for vulnerable Nigerians under new relief programme
-
Latest3 days agoINEC recognises Pantami for Gombe, keeps Kano NDC candidate off final list
-
Latest3 days agoNDC Chieftain tells Atiku to drop presidential ambition over son’s support for Tinubu