The Central Bank of Nigeria (CBN) has temporarily withdrawn its biennial Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines published on 17 September.
It cited instances of widespread misinterpretation and misrepresentation by stakeholders and the media as the reason for the withdrawal.
In a statement issued Friday, the CBN expressed concern over how certain aspects of the publication had been misconstrued, particularly by media outlets reporting on policies that had been updated or rendered obsolete since the cut-off date of 31 December 2023.
The apex bank reiterated that the document serves as a compendium of previously issued policies, many of which may no longer be in force.
“Some recent media publications have referenced aspects of the guidelines that refer to policy positions issued before 31 December 2023, which have since been revised,” the CBN stated.
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