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	%
6/8/2012	37,719,577,786	36,342,479,474	1,377,098,312	3.66%
6/7/2012	37,749,414,619	36,371,439,643	1,377,974,976	3.66%
6/6/2012	37,768,304,328	36,389,458,729	1,378,845,599	3.66%
6/5/2012	37,705,267,587	36,325,375,654	1,379,891,933	3.66%
6/4/2012	37,699,709,861	36,317,865,522	1,381,844,338	3.67%
6/1/2012	37,686,391,035	36,298,569,340	1,387,821,695	3.69%
5/31/2012	37,688,257,244	36,298,414,927	1,389,842,317	3.69%
5/30/2012	37,682,361,994	36,290,813,774	1,391,548,219	3.70%
5/28/2012	37,644,455,804	36,249,845,507	1,394,610,297	3.71%
5/25/2012	37,566,199,510	36,167,460,534	1,398,738,976	3.73%
5/24/2012	37,547,904,766	36,147,648,003	1,400,256,762	3.73%
5/23/2012	37,516,120,377	36,114,409,147	1,401,711,230	3.74%
5/22/2012	37,482,285,499	36,079,146,052	1,403,139,447	3.75%
5/21/2012	37,439,170,782	36,034,598,455	1,404,572,327	3.76%
5/18/2012	37,285,969,561	35,877,638,791	1,408,330,770	3.78%
5/17/2012	37,223,665,352	35,814,050,282	1,409,615,070	3.79%
5/16/2012	37,151,633,303	35,740,840,036	1,410,793,267	3.80%
5/15/2012	37,072,040,732	35,659,929,110	1,412,111,622	3.81%
5/14/2012	37,023,607,843	35,610,330,750	1,413,277,093	3.82%
5/11/2012	36,892,907,379	35,478,408,155	1,414,499,224	3.84%
5/10/2012	36,850,285,379	35,435,615,533	1,414,669,846	3.84%
5/9/2012	36,804,250,607	35,389,060,533	1,415,190,074	3.85%
5/8/2012	36,758,001,914	35,342,317,635	1,415,684,279	3.86%
5/7/2012	36,705,657,293	35,289,611,852	1,416,045,440	3.86%
5/4/2012	36,784,924,268	35,368,246,187	1,416,678,081	3.86%
5/3/2012	36,748,282,561	35,331,002,442	1,417,280,118	3.86%
5/2/2012	36,706,773,997	35,288,932,829	1,417,841,169	3.87%
4/30/2012	36,662,898,674	35,244,387,671	1,418,511,003	3.87%
4/27/2012	36,520,294,186	35,099,101,308	1,421,192,878	3.90%
4/26/2012	36,479,237,302	35,057,100,259	1,422,137,042	3.90%
4/25/2012	36,438,301,655	35,015,170,490	1,423,131,165	3.91%
[1/9]

Frequently Asked Questions in this purview

Facts : 1/1/1900
BOFIA:In 1991, the Bank s and Other Financial Institutions Act (BOFIA) formerly BOFI was promulgated to replace the CBN Act of 1958 and the Banking Decree of 1969 (including later amendments). The policy brought the non-bank financial intermediaries under the supervision of Central Bank of Nigeria.
See All: Facts \| Events

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)