AGS NEWS – The Central Bank of Nigeria (CBN) has temporarily withdrawn its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for 2024-2025, which was released on September 17, 2024.

The bank explained that the decision was made to prevent further misinterpretation that has caused confusion among stakeholders.

In a statement published on Friday, the CBN clarified that the document, which some mistakenly viewed as introducing new policies, is actually a compilation of previously issued guidelines effective until December 31, 2023.

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The bank emphasized that certain policies in the document, such as the Cybersecurity Levy, have already been updated or suspended.

The CBN urged stakeholders to refer to the document as a reference for past policies and stressed the importance of seeking clarification before publishing information regarding its guidelines.