The Central Bank of Nigeria has announced that the 300th meeting of its Monetary Policy Committee will be held on Monday, May 19, and Tuesday, May 20, 2025, at its headquarters in Abuja.
The announcement was made via a public notice published on the CBN’s official website on Tuesday.
According to the announcement, the meeting will span two days: Day 1: Monday, May 19, 2025 – 10:00 a.m; Day 2: Tuesday, May 20, 2025 – 8:00 a.m; Venue: MPC Meeting Room, 11th Floor, Wing C, CBN Headquarters, Abuja.
The upcoming meeting marks a significant milestone as the 300th session of Nigeria’s apex monetary policy decision-making body, responsible for shaping strategies to maintain price stability, safeguard the soundness of the financial system, and promote sustainable economic growth.
The committee typically assesses both domestic and global economic conditions before deciding to tighten, ease, or retain the current monetary policy stance.
The May 2025 meeting comes amid heightened scrutiny of the Central Bank’s policies under Governor Olayemi Cardoso, whose tenure has been defined by structural reforms aimed at restoring investor confidence and enhancing transparency in the monetary system.
With inflationary pressures persisting and the naira continuing to face volatility in the foreign exchange markets, financial analysts anticipate that the MPC may either maintain a tight monetary stance or further hike interest rates to rein in inflation and stabilize the currency.
Speaking at the launch of the World Bank’s Nigeria Development Update in Abuja on Monday, the CBN Governor reaffirmed the Bank’s commitment to orthodox monetary policy, stating that the approach is already delivering positive outcomes.
“If we continue with our course of orthodoxos monetary policy, which has already shown results, then inflation will moderate over time. Alongside that, interest rates will also begin to ease,” Cardoso stated.
Meanwhile, the National Bureau of Statistics is expected to release its latest inflation report in the coming days.
Analysts project that consumer prices, though still elevated, may show a slight decline in April following a sharp increase in the previous month driven by higher fuel and food costs.
The MPC is composed of 12 members, with the CBN Governor serving as Chairman.
The Monetary Policy Committee, as authorized by the CBN Act of 2007, sets monetary policy parameters to maintain price stability.
The MPC monitors key indicators, including the inflation rate (currently exceeding the target), GDP growth, exchange rate trends, and the coordination between fiscal and monetary policies.
