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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 %
3/5/2013  47,609,792,538  46,332,944,343  1,276,848,194 

2.68%

3/4/2013  47,563,132,450  46,285,538,063  1,277,594,387 

2.69%

3/1/2013  47,426,948,622  46,147,292,897  1,279,655,724 

2.70%

2/28/2013  47,384,758,441  46,104,437,796  1,280,320,645 

2.70%

2/27/2013  47,341,921,277  46,061,281,494  1,280,639,782 

2.71%

2/26/2013  47,297,731,388  46,016,742,086  1,280,989,301 

2.71%

2/25/2013  47,246,750,946  45,965,373,623  1,281,377,323 

2.71%

2/24/2013  47,186,112,946  45,904,457,307  1,281,655,640 

2.72%

2/23/2013  47,125,463,340  45,843,505,043  1,281,958,296 

2.72%

2/22/2013  47,071,275,540  45,788,579,970  1,282,695,570 

2.73%

2/21/2013  47,017,087,740  45,733,654,897  1,283,432,843 

2.73%

2/20/2013  46,969,834,807  45,685,452,367  1,284,382,440 

2.73%

2/19/2013  46,923,789,458  45,638,507,810  1,285,281,648 

2.74%

2/18/2013  46,872,559,304  45,586,292,939  1,286,266,365 

2.74%

2/15/2013  46,726,871,589  45,436,239,573  1,290,632,016 

2.76%

2/14/2013  46,681,641,570  45,389,422,098  1,292,219,473 

2.77%

2/13/2013  46,632,523,698  45,338,689,207  1,293,834,491 

2.77%

2/12/2013  46,545,248,765  45,249,882,381  1,295,366,384 

2.78%

2/11/2013  46,480,190,814  45,183,388,854  1,296,801,960 

2.79%

2/8/2013  46,284,924,063  44,983,831,755  1,301,092,307 

2.81%

2/7/2013  46,219,899,962  44,917,492,851  1,302,407,110 

2.82%

2/6/2013  46,151,007,114  44,847,437,602  1,303,569,512 

2.82%

2/5/2013  46,080,925,213  44,776,628,338  1,304,296,875 

2.83%

2/4/2013  46,090,557,471  44,785,566,529  1,304,990,942 

2.83%

2/1/2013  46,045,685,893  44,738,886,871  1,306,799,022 

2.84%

1/31/2013  45,984,803,126  44,677,208,318  1,307,594,808 

2.84%

1/30/2013  45,918,826,918  44,611,181,800  1,307,645,118 

2.85%

1/29/2013  45,852,699,101  44,545,005,649  1,307,693,452 

2.85%

1/28/2013  45,781,301,777  44,473,400,123  1,307,901,654 

2.86%

1/25/2013  45,569,221,614  44,261,731,755  1,307,489,859 

2.87%

1/23/2013  45,425,299,303  44,119,408,360  1,305,890,943 

2.87%

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Frequently Asked Questions in this purview

Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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