The Central Bank of Nigeria (CBN) has announced that its 304th Monetary Policy Committee (MPC) meeting will hold on Monday and Tuesday, February 23 and 24, 2026, at its headquarters in Abuja.
The schedule was disclosed in a circular published on the apex bank’s official website on Monday.
The meeting comes at a critical time as the CBN continues efforts to curb inflation, stabilise the foreign exchange market, and strengthen macroeconomic stability amid ongoing economic adjustments.
The MPC is the CBN’s highest policy-making body, responsible for setting Nigeria’s monetary and credit policies with the aim of achieving price stability and supporting sustainable economic growth.
Through key instruments such as the Monetary Policy Rate (MPR), Cash Reserve Ratio (CRR), and Liquidity Ratio (LR), the committee influences interest rates, liquidity conditions, and overall monetary direction.
According to the CBN, the two-day meeting will be held at the MPC Meeting Room on the 11th floor of the CBN Head Office, Abuja.
- Day 1: Monday, February 23, 2026 – 10:00 a.m.
- Day 2: Tuesday, February 24, 2026 – 8:00 a.m.
The upcoming meeting follows a period of tight monetary policy aimed at taming inflation and restoring investor confidence.
At its 303rd MPC meeting, the committee retained the Monetary Policy Rate at 27.00 per cent, reflecting continued concern over inflationary pressures and financial system stability.
Other key decisions included:
- CRR: 45.00 per cent for Deposit Money Banks; 16.00 per cent for Merchant Banks
- CRR on non-TSA public sector deposits: retained at 75 per cent
- Liquidity Ratio: maintained at 30.0 per cent
- Asymmetric corridor: adjusted to +50/-450 basis points
Earlier, at the 302nd MPC meeting in September 2025, the committee reduced the MPR by 50 basis points, from 27.5 per cent to 27.0 per cent, signalling a cautious policy recalibration following mild improvements in inflation indicators.
Recent inflation data may significantly influence deliberations at the February meeting.
According to the National Bureau of Statistics (NBS), Nigeria’s headline inflation eased to 15.15 per cent in December 2025, down from 17.33 per cent in November, following a methodological review.
On a year-on-year basis, inflation fell sharply from 34.80 per cent in December 2024, indicating a notable slowdown in price increases.
Despite the moderation, the CBN has consistently maintained that sustained price stability, rather than short-term gains, will remain the guiding principle for its monetary policy decisions.
