LAGOS, Feb 9 – The Central Bank of Nigeria has announced that its 304th Monetary Policy Committee meeting will take place over two days, on Monday and Tuesday, February 23 and 24, 2026.
The apex bank disclosed the schedule in an official circular published on its website, noting that the meeting will be held at its headquarters in Abuja.
The gathering comes as the CBN continues efforts to contain inflation, stabilise the foreign exchange market and reinforce macroeconomic stability. The MPC is the bank’s top policy decision-making body, responsible for setting monetary and credit conditions to support price stability and sustainable growth.
Through instruments such as the Monetary Policy Rate, the Cash Reserve Ratio and the Liquidity Ratio, the committee shapes interest rate conditions and overall liquidity in the economy.
According to the CBN, proceedings will begin on Monday, February 23, at 10:00 a.m., with the second session scheduled for Tuesday, February 24, at 8:00 a.m. Both sessions will be held at the MPC Meeting Room on the 11th floor of the CBN Head Office in Abuja.
The committee comprises the CBN governor, deputy governors, board members and appointed external members. At each meeting, it reviews key economic indicators including inflation trends, output growth and exchange rate developments before deciding on policy actions.
The upcoming meeting follows a period of policy tightness. At its November 2025 meeting, the MPC held the Monetary Policy Rate at 27 percent, reinforcing a restrictive stance aimed at easing inflationary pressures and supporting currency stability.
Earlier, at the 302nd meeting in September 2025, the committee cut the policy rate by 50 basis points to 27 percent from 27.5 percent and narrowed the asymmetric corridor around the MPR, signalling a cautious recalibration as inflation showed early signs of moderation.
At the most recent 303rd meeting, policymakers opted for broad continuity. The MPR was retained at 27.0 percent, the Cash Reserve Ratio remained at 45.0 percent for deposit money banks and 16.0 percent for merchant banks, while the Liquidity Ratio stayed at 30.0 percent.
The committee also fine-tuned the asymmetric corridor around the MPR to +50 and -450 basis points.
With inflation still elevated and financial conditions tight, market participants will closely watch the February meeting for guidance on whether the CBN maintains its current stance or signals the timing of future adjustments.
