CBN sets dates for 304th monetary policy committee meeting
The 304th meeting of the Central Bank of Nigeria's Monetary Policy Committee is set for Monday and Tuesday, February 23–24, 2026.On Monday, a circular published on the CBN's official website made the news.
The bank's continuous efforts to stabilise the foreign currency market, reduce inflation, and support the nation's macroeconomic stability provide a backdrop for the meeting.
The primary policy-making body of the CBN, the MPC, is charged with developing credit and monetary policies that preserve price stability.
The committee determines the overall monetary path for the economy and controls interest rate levels using important instruments such as the Monetary Policy Rate, Cash Reserve Ratio, and Liquidity Ratio.
Before making policy choices, the committee—which consists of the CBN Governor, Deputy Governors, Board members, and appointed external members—meets on a regular basis to evaluate important economic indicators like GDP growth, inflation, and exchange rate developments.
Sessions are planned for both days of the two-day meeting, which the CBN announced will be held in its Abuja headquarters.
In its official announcement, the apex bank included the schedule and venue information.
The CBN announced the following schedule for the 304th meeting of the Monetary Policy Committee (MPC).
"Day 1: Time: 10:00 a.m. Monday, February 23, 2026."
"Day 2: February 24, 2026, Tuesday, Time: 8:00 a.m."
Sessions are planned for both days of the two-day meeting, which the CBN announced will be held in its Abuja headquarters.
In its official announcement, the apex bank included the schedule and venue information.
The CBN announced the following schedule for the 304th meeting of the Monetary Policy Committee (MPC).
"Day 1: Time: 10:00 a.m. Monday, February 23, 2026."
"Day 2: February 24, 2026, Tuesday, Time: 8:00 a.m."
According to the circular, the MPC Meeting Room, located on the eleventh floor of the CBN Head Office in Abuja, will host the meeting.
Following a number of policy actions intended to keep Nigeria's monetary policy reasonably tight, the next session will take place.
Ahead to the 304th session, expectations were established by important choices made during the 303rd MPC meeting.
Citing continued worries about sustained inflation and the stability of the financial system, the committee mainly kept policies unchanged.
At 27.00 percent, the Monetary Policy Rate remained unchanged.
For Deposit Money Banks, the cash reserve ratio stayed at 45.00 percent, while for Merchant Banks, it stayed at 16.00 percent.
Following a number of policy actions intended to keep Nigeria's monetary policy reasonably tight, the next session will take place.
Ahead to the 304th session, expectations were established by important choices made during the 303rd MPC meeting.
Citing continued worries about sustained inflation and the stability of the financial system, the committee mainly kept policies unchanged.
At 27.00 percent, the Monetary Policy Rate remained unchanged.
For Deposit Money Banks, the cash reserve ratio stayed at 45.00 percent, while for Merchant Banks, it stayed at 16.00 percent.
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