The Central Bank of Nigeria's total assets increased by more than 700% from ₦14 trillion to ₦117.6 trillion, with a significant jump of almost 103% from 2022

Key Takeaways:

CBN’s total assets increased from ₦14 trillion in 2013 to ₦117.6 trillion in 2024.
Total liabilities followed a similar upward trend, reaching ₦116.6 trillion in 2024.
Total assets and liabilities rose by more than 100% from 2022.
The gap between assets and liabilities has remained relatively narrow, indicating tight net equity margins and overall prudent financial management.
Total equity initially rose between 2022 and 2023, but later declined in 2024 despite a substantial increase in CBN's assets and liabilities.
The most significant asset jumps occurred between 2022 and 2024, reflecting a rapid expansion of the balance sheet.
CBN’s total equity over the years ranged from ₦500 billion to ₦2 trillion, peaking in 2023 at ₦2 trillion.

The Central Bank of Nigeria's (CBN) balance sheet grew significantly during the previous decade. Total assets continuously expanded from ₦14 trillion in 2013 to an amazing ₦117.6 trillion by 2024. Similarly, liabilities increased from ₦13.5 trillion to ₦116.6 trillion during the same period.

The total equity of CBN during this period experienced significant fluctuation, ranging from ₦500 billion to ₦2 trillion. Aside from this, the data showed robust financial growth and balance sheet expansion, particularly in the past two years, highlighting the CBN's changing role in Nigeria's economic stability.

Source:

Central Bank Of Nigeria Financial Statements

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Period:

2013-2024

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