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Monetary Policy

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MPC Meetings


MPC Meeting Calendar for 2016
  25th - 26th January, 2016  
  21st - 22nd March, 2016  
  23rd - 24th May, 2016  
  25th - 26th July, 2016  
  19th - 20th September, 2016  
21st - 22nd November, 2016  
   

Read a more detailed core mandate of the Central Bank of Nigeria
Read Frequently Asked Questions (FAQs) on Monetary Policy

Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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