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	%
5/18/2012	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%
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%
[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)