Home Business CBN recovers from loss stories  N38.8 billion revenue  in 2024

CBN recovers from loss stories  N38.8 billion revenue  in 2024

0
CBN recovers from loss stories  N38.8 billion revenue  in 2024

The Central Financial institution of Nigeria (CBN) reported a revenue  of N38.8 billion after tax within the full yr of 2024  from its N1.15 trillion loss recorded within the 2023 monetary yr.

It said this in its current full-year monetary assertion launched as we speak.

In keeping with the report, the flip from loss to revenue was pushed largely by progress in curiosity revenue and different working revenue

The apex financial institution made N11.28 trillion from web unrealised international trade in 2024, a 225 per cent enhance from what it did in 2022.

This contributed to a complete working revenue of N15.1 trillion, in comparison with N5.9 trillion in 2023.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version
Share via
Send this to a friend