The Central Bank of Nigeria’s (CBN) total assets surged by 740 percent over the last decade, a spike closely linked to the persistent devaluation of the naira and the bank’s expanding role in managing the country’s foreign exchange crisis.
From N14 trillion in 2013, the apex bank’s total assets ballooned to N117.6 trillion in 2024, according to official financial statements. Over the same period, the average exchange rate moved from N157/$ to over N1,500/$, triggering significant revaluations of Nigeria’s foreign
The Central Bank of Nigeria’s (CBN) total assets surged by 740 percent over the last decade, a spike closely linked to the persistent devaluation of the naira and the bank’s expanding role in managing the country’s foreign exchange crisis.
From N14 trillion in 2013, the apex bank’s total assets ballooned to N117.6 trillion in 2024, according to official financial statements. Over the same period, the average exchange rate moved from N157/$ to over N1,500/$, triggering significant revaluations of Nigeria’s foreign
