Central Bank of Nigeria

The Monetary Policy Committee (MPC) at its 305th Meeting retained the Monetary Policy Rate (MPR) at 26.5%, alongside all other monetary parameters, reflecting a cautious and forward-looking approach aimed at sustaining macroeconomic stability and anchoring inflation expectations. CBN Governor, Olayemi Cardoso, noted that Nigeria’s economy remains resilient, with Q4 2025 GDP growth reaching 4.0%, driven by stronger industrial and agricultural output, as well as improved performance across ICT, transport, and storage sectors. The Committee highlighted major gains across the economy, including: • Improved exchange rate stability • Stronger external reserves now at $49.49 billion • Over 9 months import cover • Enhanced monetary policy transmission • Fiscal consolidation efforts • A more resilient banking sector The MPC also welcomed Nigeria’s sovereign rating upgrade, describing it as evidence of improving macroeconomic fundamentals and growing confidence in the country’s reform agenda. On the financial sector, the successful banking recapitalisation exercise led to the emergence of 33 stronger banks with improved financial soundness, positioning the sector to better support economic growth and stability. Governor Cardoso reaffirmed the CBN’s commitment to ongoing reforms, transparency in the FX market, consumer protection, and SME growth. He also noted that Nigeria’s foreign exchange market has become deeper and more transparent, with daily turnover rising from about $100 million previously to an average of $500 million, sometimes peaking at $1 billion. The MPC projects continued resilience in Nigeria’s economy in 2026, supported by policy reforms, FX stability, and improving food supply conditions expected to drive disinflation. #CBN #MPC #NigeriaEconomy #FXMarket #SMEs #EconomicGrowth #FinancialStability

Monetary Policy Communique No.162 from the 305th Meeting of Monetary Policy Committee held on the 19th and 20th May, 2026. Kindly click on the link below to read the Communique: https://lnkd.in/dmksnNTJ #CBN #MPC #Communique

The Monetary Policy Committee (MPC) at its 305th meeting voted on policy parameters as follows: • Monetary Policy Rate (MPR): Retained at 26.5%. • Cash Reserve Ratio (CRR): Retained at 45% for Commercial Banks, 16% for Merchant Banks, and 75% for non-TSA public sector deposits. • Standing Facilities Corridor: Retained at +50 / -450 basis points around the MPR. #PressBriefing #MPC

We are LIVE for the Press Briefing of the 305th Monetary Policy Committee (MPC) Meeting on : Youtube: https://lnkd.in/e6MHGJPn Facebook #CBN #MPC

Join the Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso for a Press Briefing at 2:00 pm (GMT+1), Wednesday, May 20, 2026, on decisions of the 305th Monetary Policy Committee (MPC) Meeting. We will be live on: Youtube: Youtube.com/cenbank Facebook: Central Bank of Nigeria (CenBank) #PressBriefing #MPC #CBN

Launch of CBN Foreign Exchange Manual (4th Edition) The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has unveiled the 4th Edition of the CBN Foreign Exchange Manual, reinforcing the Bank’s ongoing efforts to deepen transparency, strengthen Nigeria’s foreign exchange market framework, and enhance confidence in the nation’s financial system. Speaking at the unveiling, Governor Cardoso announced that the revised FX Manual will take effect from June 1, 2026, and will be made available to authorised dealers at no cost to ensure seamless adoption, compliance, and operational efficiency across the market. The revised Manual aligns with international best practices and reflects the Central Bank’s commitment to modernising Nigeria’s foreign exchange administration by promoting greater clarity, consistency, accountability, and market efficiency. According to the Governor, the launch of the 4th Edition demonstrates a collective commitment to strengthening Nigeria’s macroeconomic foundations, enhancing transparency, and reinforcing confidence in the foreign exchange market. Governor Cardoso further noted that the development of the revised FX Manual followed an extensive consultative process and rigorous technical review, with active engagement from banks, corporates, and other critical market participants. This collaborative approach has been widely commended by stakeholders as a significant step towards facilitating a more credible and efficient FX ecosystem. As Nigeria enters a new phase of foreign exchange governance, the Governor called on both public and private sector stakeholders to demonstrate commitment, professionalism, and compliance in ensuring the effective implementation of the revised framework. He also reassured stakeholders that the Central Bank of Nigeria remains committed to providing the necessary guidance, support, and clarity throughout the implementation process. Emphasising the importance of accountability in sustaining market confidence, Governor Cardoso stated that strong monitoring frameworks built on consistency, fairness, and accountability are critical to maintaining the credibility and stability of Nigeria’s foreign exchange market. #CBN #FXManual #FXReforms #EconomicReforms #FXGovernance #MarketIntegrity #StakeholderEngagement #ForeignExchange #NigeriaEconomy #FinancialStability

Watch the official launch of the CBN Foreign Exchange Manual (4th Edition) Live on YouTube: https://lnkd.in/eBg5PBUa

The Central Bank of Nigeria cordially invites you to the official launch of CBN Foreign Exchange Manual (4th Edition) Date: Friday, May 15, 2026 Time: 9:00 a.m. prompt Join us live on: Youtube: Youtube.com/cenbank Facebook: Central Bank of Nigeria (CenBank) #CBN #FX

Assumption of Office The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (Right) and Mr. Lamido Yuguda shortly after the latter subscribed to the relevant oath and formally assumed office as a Deputy Governor at the CBN, on Monday, May 11, 2026. #CBN

Episode 18 – Do You Know? Mortgage Backed Securities, also known as MBS, are financial instruments created from pools of home loans. Watch this episode to learn about: * What MBS are and how they work * ⁠The different types * How the ordinary Nigerians benefits from them. Follow the Consumer Education Series for more helpful tips on how to protect your money. Let’s all stay guided. #CBN #DoYouKnow #ConsumerEducationSeries