The Central Bank of Nigeria (CBN) reduced its exposure to financing the gederal government in 2025 while expanding its balance sheet to more than N138 trillion, reinforcing governor Olayemi Cardoso’s efforts to restore monetary discipline after years of heavy fiscal support.
The apex bank’s 2025 audited financial statements seen by BusinessDay showed claims on the federal government through debt securities declined to N26.40 trillion at the end of december from N26.74 trillion a year earlier.
The bank attributed the reduction to lower ways and means advances, although the accounts did not disclose a standalone year-end balance for the overdraft facility.
The balance sheet, however, continued to expand, with total assets rising 18.1 percent to N138.66 trillion from N117.43 trillion a year earlier, while liabilities increased to N138.07 trillion. At the group level, total assets stood at N138.86 trillion.
The figures suggest the CBN is gradually unwinding extraordinary
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