Central Bank of Nigeria (CBN) Currency Management Costs Soar Over 300% to N315.18bn in 2024 Amid Prolonged Cash Crisis

The Central Bank of Nigeria (CBN) saw its currency management expenses spike by more than 300% in 2024, a staggering rise that reflects the costly aftermath of the naira redesign policy and the prolonged cash shortages that gripped the country. According to its latest audited financial statement, the apex bank spent N315.18 billion at the [...]The post Central Bank of Nigeria (CBN) Currency Management Costs Soar Over 300% to N315.18bn in 2024 Amid Prolonged Cash Crisis appeared first on Tekedia.

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