The Central Bank of Nigeria (CBN) for the first time in seven years published its financial report for the year ended December 31, 2022, indicating a N23.18 trillion loan to the Federal Government under Ways and Means.
Other details show that the bank declared a profit after tax of N103.8bn in 2022, up from N75.13bn reported a year earlier.
Also, the CBN owes JP Morgan and Goldman Sachs a combined sum of $7.5bn as of the financial year ended December 2022.
However, the apex bank also owes another N3.15tn in foreign currency forward which are forex obligations it needs to make to foreign investors.
The publication of the accounts for the first time in seven years comes almost two weeks after President Bola Tinubu appointed Jim Obazee as a Special Investigator to probe the activities of the CBN and other related entities.
