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Movement in Reserves | International Payments | Reserve Management

The Movement in Reserves

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 %
10/22/2008  60,402,520,174  58,583,158,910  1,819,361,264 

3.02%
10/21/2008  60,713,228,352  59,084,319,680  1,628,908,672 

2.69%
10/20/2008  61,351,501,853  59,712,506,846  1,638,995,007 

2.68%
10/17/2008  61,482,829,802  59,835,830,445  1,646,999,358 

2.68%
10/16/2008  62,060,109,201  60,406,245,557  1,653,863,644 

2.67%
10/15/2008  62,548,564,784  60,941,278,486  1,607,286,298 

2.57%
10/14/2008  62,704,597,595  61,034,944,465  1,669,653,129 

2.67%
10/13/2008  63,261,856,468  61,600,204,636  1,661,651,832 

2.63%
10/10/2008  63,212,662,187  61,553,476,423  1,659,185,764 

2.63%
10/9/2008  63,575,663,197  61,913,700,006  1,661,963,191 

2.62%
10/8/2008  62,108,025,236  60,243,220,748  1,864,804,488 

3.01%
10/7/2008  62,263,984,993  60,601,843,128  1,662,141,864 

2.67%
10/6/2008  61,073,984,424  59,206,090,513  1,867,893,911 

3.06%
10/3/2008  61,435,393,074  59,762,330,311  1,673,062,763 

2.73%
10/2/2008  61,481,865,285  59,803,191,342  1,678,673,943 

2.74%
10/1/2008  61,988,033,127  60,287,714,620  1,700,318,507 

2.75%
9/30/2008  62,081,860,437  60,384,887,207  1,696,973,230 

2.74%
9/26/2008  61,677,028,331  59,979,014,737  1,698,013,594 

2.76%
9/25/2008  61,348,826,957  59,648,390,689  1,700,436,268 

2.78%
9/24/2008  61,819,657,034  60,107,558,282  1,712,098,751 

2.77%
9/23/2008  62,099,248,440  60,381,860,401  1,717,388,038 

2.77%
9/22/2008  62,282,096,681  60,575,748,643  1,706,348,038 

2.74%
9/19/2008  62,310,715,019  60,614,972,009  1,695,743,010 

2.73%
9/18/2008  62,880,358,084  61,178,798,812  1,701,559,271 

2.71%
9/17/2008  62,779,111,036  61,084,893,246  1,694,217,790 

2.70%
9/16/2008  62,983,404,110  61,285,320,734  1,698,083,376 

2.70%
9/15/2008  63,033,538,999  61,338,740,949  1,694,798,050 

2.69%
9/12/2008  63,098,744,058  61,397,184,787  1,701,559,271 

2.70%
9/11/2008  63,193,066,359  61,503,006,196  1,690,060,163 

2.68%
9/10/2008  63,530,753,721  61,832,318,261  1,698,435,461 

2.68%
9/9/2008  63,450,485,147  61,748,473,990  1,702,011,157 

2.69%
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Frequently Asked Questions in this purview
Facts : 1/1/1964
Central Bank of Nigeria, Port-Harcourt Branch:In 1964,Port-Harcourt Branch was opened for business.It was the second branch that was established by the CBN. It brought to 3, the number of Central Bank Offices in Nigeria at that time.
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