… Naira trades flat at 1,506.08/$
The Central Bank of Nigeria (CBN) has announced that the 302nd meeting of its Monetary Policy Committee (MPC) will take place later this month at the CBN head office in Abuja.
The announcement published on its website stated that the meeting is scheduled to begin on Monday, September 22, 2025, at 10:00 a.m., and will continue on Tuesday, September 23, 2025, starting at 8:00 a.m. It will be held in the MPC Meeting Room on the 11th Floor of the CBN headquarters.
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The MPC, which is responsible for setting monetary policy to ensure price and financial system stability, will review recent economic and financial developments both within and outside the country. Key decisions on interest rates, inflation control, and overall economic direction are expected to emerge from the session.
The outcome of the meeting will be closely watched by investors, analysts, and stakeholders in the financial sector.
At the Nigerian Foreign Exchange Market (NFEM), the naira closed flat against the dollar, appreciating slightly by 0.05 percent to N1,506.08 on Tuesday, compared to N1,506.84 on Monday, according to data from the CBN.
In the parallel market, also known as the black market, the naira remained stable at N1,520 per dollar. The Guaranty Trust Bank (GTBank) exchange rate for international transactions also held steady at N1,520.
