The Central Bank of Nigeria has clarified the Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines For Fiscal Years 2024 – 2025 paper released on Tuesday, September 17, 2024.
According to the statement, the apex bank also withdrew the document, adding that this action was taken to reduce the possibility of future misrepresentations or misunderstandings that may confuse stakeholders.
The statement read, “The Central Bank of Nigeria (CBN) has received reports of misrepresentations or misinterpretations of its biannual publication on guidelines for monetary, credit, foreign trade, and exchange policy, which was released on September 17, 2024. In response, to reduce the possibility of future deception, the CBN has temporarily removed the document.
“The CBN emphasises that the publication is a collection of previously announced rules and directions issued by the Bank up to a cut-off date, usually December 31 of the relevant year, as is indicated expressly in the paper to advise stakeholders.
