The Central Bank of Nigeria (CBN) has released its 2024 audited financial statements, reporting a profit after tax of N38.8 billion, a rebound from the N1.15 trillion loss recorded in the 2023 financial year.
According to the report, the strong performance was driven largely by strong growth in interest income and other operating income, particularly net unrealized foreign exchange revaluation gains of N11.28 trillion, up 225% year-on-year.
This surge contributed to a total operating income of N15.1 trillion, compared to N5.9 trillion in 2023.