CBN to remit N69.45 billion to FG as Group profit after tax surges to N136.44bn

THE Central Bank of Nigeria will remit N69.45 billion to the Federal Government in line with the Fiscal Responsibility Act (FRA) after reporting a sharp rise in Group profit after tax to N136.44 billion for the year ended 31 December 2025.

According to the banks financial results obtained from its website, on Thursday, group profit after tax jumped 251.30 per cent from N38.84 billion in 2024.

Profit before tax more than tripled to N144.78 billion from N44.69 billion a year earlier, even as interest income edged lower by 2.84 per cent to N4.18 trillion from N4.30 trillion.

Further breakdown shows that tax expense rose 42.62 percent to N8.34 billion.

The Group recorded a surplus of N108.13 billion, significantly higher than the previous year’s N38.84 billion. Total assets expanded 18.0 percent to N138.86 trillion, supported by growth in external reserves and other assets.

On a standalone basis, the bank posted a profit of N86.81 billion, down from N165.69 billion in 2024. In accordance with the Fiscal Responsibility Act, the CBN will retain 20 percent of the Bank’s profit while remitting 80 per cent, or N69.45 billion, to the Federal Government.

Analysts said the 2025 results show an institution in a stronger financial position overall. The divergence between the substantial rise in consolidated Group profit and the decline in standalone bank profit underscores the need to distinguish the performance of the wider Group from that of the CBN as a statutory institution.

The Bank’s remittance reinforces the Bank’s fiscal contribution while preserving retained earnings to strengthen reserves.

Governor Olayemi Cardoso, in his statement accompanying the Annual Report and Statement of Accounts, said the bank remains focused on curbing inflation, strengthening the financial sector and stabilising the naira.

He highlighted the stability and increased predictability of the exchange rate and the moderation in inflation major as milestones of 2025, reflecting renewed confidence in policy measures and the effectiveness of monetary policy decisions.

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Cardoso expressed appreciation to President Bola Ahmed Tinubu, the National Assembly, ministers, the board, management and staff of the bank, development partners and other stakeholders for their support.

Liquidity management during the year centred on maintaining optimal banking system liquidity to support the price stability mandate. Conditions were shaped by maturities and redemptions of FGN and CBN securities, coupon repayments and statutory disbursements.