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	%
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%
4/24/2012	36,396,777,660	34,972,574,691	1,424,202,969	3.92%
4/23/2012	36,349,254,227	34,924,243,582	1,425,010,646	3.93%
4/20/2012	36,215,165,105	34,787,716,772	1,427,448,332	3.95%
4/19/2012	36,184,222,371	34,755,571,489	1,428,650,882	3.95%
4/18/2012	36,151,354,539	34,721,459,513	1,429,895,027	3.96%
4/17/2012	36,150,452,788	34,719,314,771	1,431,138,017	3.96%
4/16/2012	36,142,314,856	34,710,274,565	1,432,040,290	3.97%
4/13/2012	36,087,494,507	34,653,013,057	1,434,481,450	3.98%
4/12/2012	36,048,849,506	34,613,620,983	1,435,228,523	3.99%
4/11/2012	36,008,626,785	34,572,548,590	1,436,078,195	3.99%
4/10/2012	35,969,437,141	34,532,456,497	1,436,980,644	4.00%
4/5/2012	35,836,544,099	34,394,416,247	1,442,127,852	4.03%
4/4/2012	35,822,362,444	34,379,579,400	1,442,783,045	4.03%
4/3/2012	35,801,180,292	34,358,068,788	1,443,111,504	4.04%
4/2/2012	35,750,218,582	34,306,873,501	1,443,345,081	4.04%
3/30/2012	35,600,868,230	34,165,129,478	1,435,738,752	4.04%
3/29/2012	35,556,213,831	34,122,680,824	1,433,533,006	4.04%
3/28/2012	35,514,760,239	34,083,327,216	1,431,433,022	4.04%
3/27/2012	35,469,632,970	34,040,399,694	1,429,233,276	4.03%
3/26/2012	35,420,743,903	33,993,689,382	1,427,054,521	4.03%
[1/9]

Frequently Asked Questions in this purview

Facts : 1/1/1900
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
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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)