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FX Structure |FX Mgt Before Now. | FX Mkt | Debt Conversion | Exch. Rate Policy
Movement in Reserves | International Payments | Reserve Management

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 %
1/16/2013  44,875,004,566  43,583,829,323  1,291,175,243 

2.88%

1/15/2013  44,817,701,650  43,530,204,318  1,287,497,331 

2.87%

1/14/2013  44,757,931,282  43,474,189,957  1,283,741,325 

2.87%

1/11/2013  44,693,626,804  43,421,238,887  1,272,387,917 

2.85%

1/10/2013  44,678,462,979  43,409,856,032  1,268,606,947 

2.84%

1/9/2013  44,666,114,180  43,399,944,312  1,266,169,869 

2.83%

1/8/2013  44,653,346,148  43,389,605,609  1,263,740,539 

2.83%

1/7/2013  44,612,355,686  43,351,018,412  1,261,337,274 

2.83%

1/4/2013  44,497,549,844  43,242,035,496  1,255,514,348 

2.82%

1/3/2013  44,379,241,615  43,125,502,662  1,253,738,953 

2.83%

1/2/2013  44,337,483,929  43,085,512,882  1,251,971,047 

2.82%

12/28/2012  44,178,395,481  42,933,101,649  1,245,293,832 

2.87%

12/24/2012  44,256,971,167  43,014,342,738  1,242,628,429 

2.81%

12/21/2012  44,339,951,123  43,098,525,265  1,241,425,859 

2.80%

12/20/2012  44,383,528,924  43,142,477,788  1,241,051,137 

2.80%

12/19/2012  44,421,420,380  43,179,115,959  1,242,304,421 

2.80%

12/18/2012  44,453,649,961  43,210,156,742  1,243,493,219 

2.80%

12/17/2012  44,465,216,541  43,220,407,541  1,244,809,000 

2.80%

12/14/2012  44,509,377,270  43,259,037,289  1,250,339,982 

2.81%

12/13/2012  44,529,997,371  43,277,638,537  1,252,358,835 

2.81%

12/12/2012  44,549,118,054  43,294,698,499  1,254,419,555 

2.82%

12/11/2012  44,567,874,243  43,311,398,967  1,256,475,276 

2.82%

12/10/2012  44,583,485,077  43,326,228,832  1,257,256,245 

2.82%

12/7/2012  44,644,748,542  43,385,099,255  1,259,649,287 

2.82%

12/6/2012  44,640,622,010  43,380,160,897  1,260,461,112 

2.82%

12/5/2012  44,545,293,368  43,284,127,424  1,261,165,944 

2.83%

12/4/2012  44,533,702,910  43,271,908,553  1,261,794,358 

2.83%

12/3/2012  44,516,134,072  43,253,731,436  1,262,402,725 

2.84%

11/30/2012  44,467,501,581  43,203,076,419  1,264,425,162 

2.84%

11/29/2012  44,454,450,567  43,189,165,445  1,265,285,122 

2.85%

11/28/2012  44,386,394,458  43,120,360,728  1,266,033,730 

2.85%

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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.
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