CBN Operating Income Soars to N15.23tn in 2024, Recovers from N1.15tn Loss
Image Credit: arise- The Central Bank of Nigeria (CBN) reported a substantial increase in operating income to N15.23 trillion in 2024, up from N5.89 trillion in 2023, along with a profit after tax of N38.8 billion, recovering from a N1.15 trillion loss the previous year.
- The CBN Group’s total liabilities and equity rose to N117.60 trillion, with notable increases in net unrealised foreign exchange gains and loans receivables variations.
- Justice James Omotosho of the Federal High Court dismissed a petition to stop the CBN from using the e-naira trademark, affirming it as a national asset owned by the federal government.
- The legal ruling emphasized that restricting the CBN could harm Nigeria’s economy and reputation, with the case’s substantive hearing scheduled for June 26, 2024.
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