The Central Bank of Nigeria (CBN) has announced plans to hold its 304th Monetary Policy Committee (MPC) meeting on Monday and Tuesday, February 23 and 24, 2026.
The meeting schedule was disclosed in a circular published on the bank’s website on Monday.
The MPC is the CBN’s highest policy-making body, responsible for formulating monetary and credit policies aimed at ensuring price stability.
Through key instruments such as the Monetary Policy Rate (MPR), Cash Reserve Ratio (CRR), and Liquidity Ratio (LR), the committee guides interest rate conditions and overall monetary direction in the economy.
The committee, comprising the CBN Governor, Deputy Governors, Board members, and appointed external members, meets periodically to review critical economic indicators, including inflation, gross domestic product, and exchange rate developments, before taking policy decisions.
According to the circular, the two-day meeting will be held at its headquarters in Abuja, with sessions scheduled for both days.
The apex bank outlined the timetable and venue in its official notice.
“The 304th meeting of the Monetary Policy Committee (MPC) is scheduled to hold as follows,” the CBN said.
According to the circular, the meeting will take place at the MPC Meeting Room on the 11th floor of the CBN Head Office in Abuja.
At its last MPC meeting in November 2025, the CBN retained the Monetary Policy Rate at 27 percent, maintaining its restrictive posture in a bid to curb inflationary pressures and stabilise the foreign exchange market.
The MPR, which serves as the benchmark interest rate for the economy, has remained elevated as part of the CBN’s broader strategy to rein in rising prices and restore investor confidence.
While the policy stance has contributed to higher borrowing costs for businesses, the CBN argued that monetary discipline is necessary to restore macroeconomic stability.
Earlier, at its 302nd MPC meeting in September 2025, the committee reduced the MPR by 50 basis points, lowering it from 27.5 percent to 27 percent.
The MPC also adjusted the asymmetric corridor around the MPR to +250/-250 basis points, narrowing it from the previous +500/-100 range.
