CBN to Begin 304th MPC Meeting February 23

By Adedapo Adesanya

The Central Bank of Nigeria (CBN) has announced plans to hold its 304th Monetary Policy Committee (MPC) meeting on Monday, February 23 and Tuesday, February 24, 2026.

This information was disclosed in a circular published on the apex bank’s official website on Monday. This will be the first meeting of 2026.

The gathering comes amid sustained efforts by the CBN to rein in inflation, stabilise the foreign exchange market, and strengthen macroeconomic conditions.

At its last MPC meeting in November 2025, the central bank retained the Monetary Policy Rate (MPR) at 27 per cent, maintaining its restrictive posture in a bid to curb inflationary pressures and stabilise the foreign exchange (FX) market.

The MPC is one of the bank’s highest policy-making bodies, responsible for formulating monetary and credit policies aimed at ensuring price stability.

Through key instruments such as the MPR, Cash Reserve Ratio (CRR), and Liquidity Ratio (LR), the committee guides interest rate conditions and overall monetary direction in the economy.

Comprising the CBN Governor, Deputy Governors, Board members, and appointed external members, the committee meets periodically to review critical economic indicators, including inflation, gross domestic product, and exchange rate developments, before taking policy decisions.

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.

“Day 1: Monday, February 23, 2026 – Time: 10.00 a.m.”

“Day 2: Tuesday, February 24, 2026 – Time: 8.00 a.m.”

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.