International Operations

The Movement in Reserves
(30-Day Moving Average with effect from November 2011)

The evolution of the foreign exchange market in Nigeria has been influenced by a number of factors such as the changing pattern of international trade, institutional changes in the economy and structural shifts in production. Prior to the establishment of the Central Bank of Nigeria (CBN) and the enactment of the Exchange Control Act of 1962, foreign

Before:

Date	Gross	Liquid	Blocked	%
10/24/2012	42,308,039,438	41,016,859,596	1,291,179,842	3.05%
10/23/2012	42,273,492,608	40,981,857,242	1,291,635,365	3.06%
10/22/2012	42,230,978,498	40,938,879,231	1,292,099,268	3.06%
10/19/2012	42,102,049,394	40,804,324,595	1,297,724,799	3.08%
10/18/2012	42,064,970,041	40,765,345,958	1,299,624,083	3.09%
10/17/2012	42,026,937,746	40,725,500,162	1,301,437,584	3.10%
10/16/2012	41,989,724,610	40,687,923,469	1,301,801,141	3.10%
10/15/2012	41,939,101,817	40,636,855,662	1,302,246,155	3.11%
10/12/2012	41,795,152,679	40,491,286,915	1,303,865,764	3.12%
10/10/2012	41,689,647,598	40,384,880,203	1,304,767,395	3.13%
10/9/2012	41,662,605,047	40,357,356,518	1,305,248,530	3.13%
10/8/2012	41,623,841,197	40,317,886,334	1,305,954,863	3.14%
10/5/2012	41,514,987,253	40,206,703,262	1,308,283,991	3.15%
10/4/2012	41,483,490,332	40,174,305,575	1,309,184,757	3.16%
10/3/2012	41,367,811,433	40,057,830,469	1,309,980,964	3.17%
10/2/2012	41,330,555,037	40,019,714,606	1,310,840,431	3.17%
9/28/2012	41,186,461,204	39,872,272,892	1,314,188,313	3.19%
9/27/2012	41,156,333,004	39,841,281,504	1,315,051,501	3.20%
9/26/2012	41,127,191,021	39,811,211,069	1,315,979,952	3.20%
9/25/2012	41,099,581,502	39,783,089,967	1,316,491,535	3.20%
9/24/2012	41,061,328,391	39,744,294,907	1,317,033,484	3.21%
9/21/2012	40,936,330,460	39,617,244,723	1,319,085,737	3.22%
9/20/2012	40,900,147,340	39,580,440,792	1,319,706,548	3.23%
9/19/2012	40,856,938,307	39,536,801,207	1,320,137,100	3.23%
9/18/2012	40,811,695,013	39,491,174,690	1,320,520,323	3.24%
9/17/2012	40,758,035,402	39,437,172,144	1,320,863,258	3.24%
9/14/2012	40,568,255,619	39,246,863,070	1,321,392,549	3.26%
9/13/2012	40,488,376,474	39,166,784,062	1,321,592,412	3.26%
9/12/2012	40,409,596,459	39,087,553,013	1,322,043,445	3.27%
9/11/2012	40,282,451,919	38,960,076,000	1,322,375,919	3.28%
9/10/2012	40,167,418,597	38,844,851,431	1,322,567,166	3.21%
[1/9]

Frequently Asked Questions in this purview

Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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International Operations

The Movement in Reserves (30-Day Moving Average with effect from November 2011)

The Movement in Reserves
(30-Day Moving Average with effect from November 2011)