The CBN posted a profit after tax of N38.8 billion.
The Central Bank of Nigeria returned to profit in 2024, posting a surplus of N38.8 billion after recording a massive loss of N1.15 trillion the year before, its new financial statements show.
According to the statements, the profit was driven mainly by a jump in income from financial investments and revaluation gains, profits made when the value of assets like bonds or foreign reserves rose.
The CBN earned N1.89 trillion from such gains in 2024,…
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