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

Period:

2013-2024
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