MPC decides on key policy issues as Emefiele chairs meeting

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meets for the first time this year, key monetary policy issues are expected to dominate discussions amid uncertainty over the fate of the embattled governor of the apex bank, Godwin Emefiele.

The two-day meeting begins Monday in Abuja and is expected to be chaired by Mr Emefiele, who recently returned to Nigeria after leaving the country under controversial circumstances.

The apex bank governor is currently in the eye of the storm as concerns over his arrest by operatives of the State Security Service (SSS) heightened upon his return last week. Mr Emefiele is being investigated on several allegations, including corruption and terrorism financing.