The Central Bank of Nigeria (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 year.

It stated this in its recent full-year financial statement released today.

According to the report, the turn from loss to profit was driven largely by growth in interest income and other operating income

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The apex bank made N11.28 trillion from net unrealised foreign exchange in 2024, a 225 per cent increase from what it did in 2022.

This contributed to a total operating income of N15.1 trillion, compared to N5.9 trillion in 2023.

Eniola Olatunji is an experienced journalist at BusinessDay, where she has specialized in reporting on personal and business finance since March 2022. She focuses on creating engaging and precise news stories, with a keen emphasis on the fixed-income market, banking, personal finance, cost of living, and the Nigerian economy. Her work also encompasses extensive market research and economic trend analysis. Eniola is passionate about empowering individuals to make informed financial decisions and is dedicated to shedding light on the intricate workings of the economy. She holds a Bachelor of Science degree in Pure & Applied Chemistry from the University of Lagos. Eniola Olatunji was shortlisted for The Future Awards Africa Prize for Journalism..

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