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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 : 1/16/2006
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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