6 h. ago CBN records N38.8bn profit in 2024, recovers from N1.15trn loss

From Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) has released its 2024 audited financial statements, reporting a profit after tax of N38.8 billion, a significant recovery from the N1.15 trillion loss in 2023. The turnaround was driven by a 225% surge in net unrealised foreign exchange revaluation gains, reaching N11.28 trillion, boosting total […] The post CBN records N38.8bn profit in 2024, recovers from N1.15trn loss appeared first on The Sun Nigeria.

Politics

20 h. ago CBN to remit 80% profit as financial instruments hit 24.27trn

…Says currency printing, related costs gulp ₦238m By Chinwendu Obienyi In what may be turned a complete rebound from last year’s dismal performance, the Central Bank of Nigeria (CBN) has announced that it will remit 80 per cent of its 2024 profit to the Federal Government in line with the Fiscal Responsibility Act 2011. The […] The post CBN to remit 80% profit as financial instruments hit 24.27trn appeared first on The Sun Nigeria.

Politics

35 h. ago CBN’s N9.4trn FX revaluation loss wipes out 2024 operating gains

The Central Bank of Nigeria (CBN) recorded a historic N498.2 billion loss in 2024, driven primarily by a N9.4 trillion read more CBN’s N9.4trn FX revaluation loss wipes out 2024 operating gains

Politics

50 h. ago CBN recovers from loss reports  N38.8 billion profit  in 2024

The CBN reported a profit of N38.8 billion after tax in the full year of 2024 from its N1.15 trillion loss recorded in the 2023 financial yr. read more CBN recovers from loss reports  N38.8 billion profit  in 2024

Economics

51 h. ago CBN Posts ₦165bn Surplus In 2024, Boosts External Reserves To $38.8bn

The Central Bank of Nigeria (CBN) has recorded a strong turnaround in its financial performance for 2024, posting a surplus of ₦165 billion compared to a deficit of ₦1.3 trillion in 2023. That is according to the apex bank’s 2024 financial statement released on Friday, which highlighted improved operational efficiency, a stronger external reserve position, […]

Politics

2 w. ago Explainer: Why Access Bank has the lowest profit among its peers

Among Nigeria’s top-tier banks—First Holdco, Access Holdings, UBA, Zenith Bank, and GTCO—Access Holdings posted the lowest net income in 2024. read more Explainer: Why Access Bank has the lowest profit among its peers

Politics

2 w. ago Money supply hits record N114.2trn in March despite CBN’s tightening

Nigeria’s broad money supply (M3) surged to an all-time high of N114.2 trillion in March 2025, defying the Central Bank read more Money supply hits record N114.2trn in March despite CBN’s tightening

Politics

3 w. ago CBN: Nigeria’s economy on recovery path as PMI hits 52.3 index points

By Chinwendu Obienyi Nigeria’s economic outlook appears to be on a path of gradual recovery as the Central Bank of Nigeria (CBN) reported a steady improvement in the country’s Purchasing Managers’ Index (PMI), which rose to 52.3 index points in March 2025, up from 51.4 index points recorded in February. The rise signals the third […] The post CBN: Nigeria’s economy on recovery path as PMI hits 52.3 index points appeared first on The Sun Nigeria.

Politics