The Central Bank of Nigeria (CBN) has unveiled its Consolidated Financial Statements spanning seven consecutive years. This disclosure marks a notable departure from the past, as the apex financial institution makes its financial records available for public scrutiny, a practice that had not been observed since 2015.
The Consolidated Financial Statements, made public by the CBN, encompass the fiscal periods of 2016 through 2022. This extensive window into the bank's financial health sheds light on its performance and evolution over these crucial years.
Within these revealed financials, the CBN has declared a noteworthy profit after tax of N103.8 billion in 2022, showcasing a substantial increase from the N75.13 billion reported in the previous year. Additionally, the CBN's financial obligations are outlined, including a combined debt of $7.5 billion to JP Morgan and Goldman Sachs by the end of December 2022.
Continue Reading: https://www.investingport.com/centr...lidated-financial-statements-for-seven-years/
The Consolidated Financial Statements, made public by the CBN, encompass the fiscal periods of 2016 through 2022. This extensive window into the bank's financial health sheds light on its performance and evolution over these crucial years.
Within these revealed financials, the CBN has declared a noteworthy profit after tax of N103.8 billion in 2022, showcasing a substantial increase from the N75.13 billion reported in the previous year. Additionally, the CBN's financial obligations are outlined, including a combined debt of $7.5 billion to JP Morgan and Goldman Sachs by the end of December 2022.
Continue Reading: https://www.investingport.com/centr...lidated-financial-statements-for-seven-years/