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    MarketForces Africa » MarketForces News » Tinubu Seeks Senate Confirmation of Chairman, Members of CBN MPC

    Tinubu Seeks Senate Confirmation of Chairman, Members of CBN MPC

    Julius AlagbeBy Julius AlagbeFebruary 14, 2024Updated:October 17, 2025 News No Comments2 Mins Read
    Tinubu Seeks Senate Confirmation of Chairman, Members of CBN MPC
    President Bola Ahmed Tinubu
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    Tinubu Seeks Senate Confirmation of Chairman, Members of CBN MPC

    President Bola Tinubu has sought the confirmation of Senate for the appointment of a Chairman and Members for the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC).

    Tinubu’s request was conveyed in a letter addressed to President of Senate, Godswill Akpiabio and read at plenary on Wednesday.

    Tinubu in the letter titled Constitution of Monetary Policy Committee for the Central Bank of Nigeria (CBN) said, “in accordance with the provisions of section 12 of CBN Act 2007.

    “I am pleased to present for confirmation by the Senate the confirmation of the underlisted 12 persons as Chairman and members of the Monetary Policy Committee of the Central Bank of Nigeria.”

    Tinubu in the letter listed the 12 persons to include: Olayemi Cardoso, CBN Governor (Chairman), Muhammad Abdullahi CBN Deputy Governor (Member), Bala Bello CBN Deputy Governor (Member), Emem Usoro CBN Deputy Governor (Member), Philip Ikeazor CBN Deputy Governor (Member).

    Others include, Lamido Yuguda, Director General, Security and Exchange Commission (SEC) (Member), Jafia Lydia Shehu, Permanent Secretary Federal Ministry of Finance (Member), Muritala Sabo CBN Director (Member), Aloysius Uche (Member), Agu Paulin (Member), Mustapha Akinwumi (Member), Bamidele Amon (Member),

    “While hoping that the request will receive the expeditious consideration of the Senate, please accept the distinguished Senate President, the assurance of my highest regards,” Tinubu said.

    Akpabio thereafter referred the request to Committees on Finance Banking, Insurance and other Financial Institutions for further legislative inputs and report back to plenary in one week. #Tinubu Seeks Senate Confirmation of Chairman, Members of CBN MPC

    Namibia Keeps Interest Rate at 7.75%

    Bola Ahmed Tinubu CBN
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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