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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 %
4/21/2017  30,627,528,545  29,949,640,110  677,888,435 

2.21%

4/20/2017  30,606,213,993  29,930,475,457  675,738,536 

2.21%

4/19/2017  30,585,796,013  29,912,207,392  673,588,621 

2.20%

4/18/2017  30,563,781,231  29,892,113,173  671,668,059 

2.20%

4/13/2017  30,443,755,523  29,779,641,724  664,113,799 

2.18%

4/12/2017  30,416,813,384  29,754,227,565  662,585,819 

2.18%

4/11/2017  30,393,916,269  29,731,626,323  662,289,946 

2.18%

4/10/2017  30,393,893,720  29,731,578,085  662,315,635 

2.18%

4/7/2017  30,366,539,550  29,702,950,270  663,589,279 

2.19%

4/6/2017  30,345,551,204  29,681,209,353  664,341,851 

2.19%

4/5/2017  30,325,761,977  29,660,219,999  665,541,978 

2.19%

4/4/2017  30,318,307,727  29,651,631,569  666,676,158 

2.20%

4/3/2017  30,307,152,708  29,639,272,802  667,879,906 

2.20%

3/31/2017  30,297,945,682  29,626,470,651  671,475,030 

2.22%

3/30/2017  30,297,668,330  29,624,917,258  672,751,072 

2.22%

3/29/2017  30,296,992,832  29,622,820,692  674,172,139 

2.23%

3/28/2017  30,302,133,760  29,626,238,650  675,895,109 

2.23%

3/27/2017  30,311,565,855  29,633,977,126  677,588,729 

2.24%

3/24/2017  30,340,326,322  29,657,929,887  682,396,436 

2.25%

3/23/2017  30,348,621,856  29,664,631,771  683,990,086 

2.25%

3/22/2017  30,346,927,474  29,661,242,159  685,685,315 

2.26%

3/21/2017  30,349,506,898  29,662,293,249  687,213,649 

2.26%

3/20/2017  30,352,075,447  29,663,385,630  688,689,817 

2.27%

3/17/2017  30,340,545,771  29,647,230,986  693,314,785 

2.29%

3/16/2017  30,303,807,036  29,609,107,408  694,699,629 

2.29%

3/15/2017  30,267,110,169  29,571,024,336  696,085,833 

2.30%

3/14/2017  30,231,261,726  29,533,753,824  697,507,902 

2.31%

3/13/2017  30,194,865,481  29,496,025,530  698,839,951 

2.31%

3/10/2017  30,079,351,596  29,376,951,436  702,400,160 

2.34%

3/9/2017  30,038,995,233  29,335,502,859  703,492,374 

2.34%

3/8/2017  30,014,586,927  29,310,676,127  703,910,800 

2.35%

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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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