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International Operations

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Weekly International Payments

These are in respect of BTA/PTA and transfers for members of the public ... 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    
Week of 12/31/2016
Travels US$ 0
Inward Money Transfers US$ 0
Cash sale to Bureau De Change & Banks* US$ 0
Letters of Credit US$ 29048750.31
Total Direct Remittances US$ 3713220754.72
Remittances to TRAVELEX* US$ 0
Remittances to AMEX* US$ 0
Wholesale Dutch Auction Sales (WDAS) US$ 0
Debt Service /Payments US$ 9751174.19
Total US$ 3752020679.22

 
Week of 11/30/2016
Travels US$ 0
Inward Money Transfers US$ 0
Cash sale to Bureau De Change & Banks* US$ 0
Letters of Credit US$ 27295112.36
Total Direct Remittances US$ 321689414.13
Remittances to TRAVELEX* US$ 0
Remittances to AMEX* US$ 0
Wholesale Dutch Auction Sales (WDAS) US$ 0
Debt Service /Payments US$ 47906853.45
Total US$ 396891379.94

 
Week of 10/31/2016
Travels US$ 0
Inward Money Transfers US$ 0
Cash sale to Bureau De Change & Banks* US$ 0
Letters of Credit US$ 3076577.3
Total Direct Remittances US$ 228114152.33
Remittances to TRAVELEX* US$ 0
Remittances to AMEX* US$ 0
Wholesale Dutch Auction Sales (WDAS) US$ 0
Debt Service /Payments US$ 2153479.29
Total US$ 233344208.92

 
Week of 9/30/2016
Travels US$ 0
Inward Money Transfers US$ 0
Cash sale to Bureau De Change & Banks* US$ 0
Letters of Credit US$ 7333115.8
Total Direct Remittances US$ 348469943.42
Remittances to TRAVELEX* US$ 0
Remittances to AMEX* US$ 0
Wholesale Dutch Auction Sales (WDAS) US$ 0
Debt Service /Payments US$ 46515958.63
Total US$ 402319017.85

 
Week of 8/31/2016
Travels US$ 0
Inward Money Transfers US$ 0
Cash sale to Bureau De Change & Banks* US$ 0
Letters of Credit US$ 6397393.74
Total Direct Remittances US$ 416641502.56
Remittances to TRAVELEX* US$ 0
Remittances to AMEX* US$ 0
Wholesale Dutch Auction Sales (WDAS) US$ 0
Debt Service /Payments US$ 23552997.36
Total US$ 446591893.66

 
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* These are in respect of BTA/PTA and transfers for members of the public.

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Frequently Asked Questions in this purview

Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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