CBN to carry 304th MPC assembly on February 24

The Central Bank of Nigeria (CBN) has introduced plans to carry its 304th Financial Coverage Committee (MPC) assembly on Monday and Tuesday, February 23 and 24, 2026.

The schedule was disclosed in a round revealed on the apex bank’s official web site on Monday.

The assembly comes amid sustained efforts by the CBN to rein in inflation, stabilise the international change market, and strengthen macroeconomic circumstances.

The MPC is the CBN’s highest policy-making physique, answerable for formulating financial and credit score insurance policies geared toward making certain value stability.

Via key devices such because the Financial Coverage Charge (MPR), Money Reserve Ratio (CRR), and Liquidity Ratio (LR), the committee guides rate of interest circumstances and total financial course within the financial system.

Comprising the CBN Governor, Deputy Governors, Board members, and appointed exterior members, the committee meets periodically to overview crucial financial indicators, together with inflation, gross home product, and change charge developments, earlier than taking coverage choices.

What they’re saying  

The CBN confirmed that the two-day assembly will probably be held at its headquarters in Abuja, with classes scheduled for each days.

The apex bank outlined the timetable and venue in its official discover.

• “The 304th assembly of the Financial Coverage Committee (MPC) is scheduled to maintain as follows,” the CBN mentioned.
• “Day 1: Monday, February 23, 2026 – Time: 10.00 a.m.”  
• “Day 2: Tuesday, February 24, 2026 – Time: 8.00 a.m.”  

In accordance with the round, the assembly will happen on the MPC Assembly Room on the eleventh flooring of the CBN Head Workplace in Abuja.

Backstory  

The upcoming assembly follows a collection of coverage choices which have saved Nigeria’s financial stance comparatively tight.

At its final MPC assembly in November 2025, the CBN retained the Financial Coverage Charge at 27 p.c, sustaining its restrictive posture in a bid to curb inflationary pressures and stabilise the international change market.

• The MPR, which serves because the benchmark rate of interest for the financial system, has remained elevated as a part of the CBN’s broader technique to rein in rising costs and restore investor confidence.
• Whereas the coverage stance has contributed to larger borrowing prices for companies, the apex bank has persistently argued that financial self-discipline is important to revive macroeconomic stability.
• Earlier, at its 302nd MPC assembly in September 2025, the committee diminished the MPR by 50 foundation factors, reducing it from 27.5 p.c to 27 p.c.

The MPC additionally adjusted the uneven hall across the MPR to +250/-250 foundation factors, narrowing it from the earlier +500/-100 vary.

These measures have been seen as early indicators of a cautious shift, following delicate enhancements in inflation indicators.

Extra insights  

Key coverage outcomes from the 303rd MPC assembly present context for expectations forward of the 304th gathering.

The committee opted largely for coverage continuity, reflecting considerations about persistent inflation and monetary system stability.

• The Financial Coverage Charge was retained at 27.00 p.c.
• The Money Reserve Ratio was saved at 45.00 p.c for Deposit Cash Banks and 16.00 p.c for Service provider Banks.
• The 75 p.c CRR on non-TSA public sector deposits was retained.
• The Liquidity Ratio remained unchanged at 30.0 p.c.

As well as, the uneven hall across the MPR was adjusted to +50/-450 foundation factors, signalling a fine-tuning of liquidity administration with out a change to the headline coverage charge.

What it is best to know 

Latest inflation information might play a key position in shaping discussions on the February MPC assembly.

• Newest figures from the Nationwide Bureau of Statistics present that Nigeria’s headline inflation eased sharply to fifteen.15 p.c in December 2025, following a methodological overview.
• The Shopper Value Index rose to 131.2 factors in December from 130.5 factors in November, indicating a slower tempo of improve in common costs.
• On a year-on-year foundation, headline inflation fell to fifteen.15 p.c in December 2025 from 17.33 p.c in November.
• The December 2025 determine was considerably decrease than the 34.80 p.c recorded in December 2024, reflecting a pointy deceleration over the 12-month interval.

The moderation in inflation might affect coverage deliberations, though the CBN has repeatedly burdened that sustained value stability, reasonably than short-term enhancements, will information its financial coverage choices.