Financial Records Reveal CBN Owes $14bn To JP Morgan, Goldman Sachs, Others

Details of the Consolidated Financial Accounts of the Central Bank of Nigeria for the year 2022 has revealed that the bank is indebted to JP Morgan, Goldman Sachs, and other liabilities.

The CBN Consolidated Financial Statements showed that it owes JP Morgan, N3.2trn or $7bn and Goldman Sachs N0.23trn or $500m, while N3.1trn or $6.3 is owed as foreign currency forwards.