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Movement In Reserves

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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:   

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Date Gross Liquid Blocked %
2/13/2024  33,172,390,886  32,461,187,263  711,203,623 

2.14%

2/8/2024  33,116,051,881  32,417,252,090  698,799,792 

2.11%

2/5/2024  33,171,648,350  32,473,557,258  698,091,092 

2.10%

1/30/2024  33,353,665,927  32,650,928,631  702,737,296 

2.11%

1/29/2024  33,374,268,393  32,670,741,503  703,526,890 

2.11%

1/26/2024  33,371,694,655  32,666,056,785  705,637,871 

2.11%

1/25/2024  33,368,833,207  32,662,957,687  705,875,520 

2.12%

1/24/2024  33,364,240,700  32,658,009,325  706,231,374 

2.12%

1/23/2024  33,354,989,574  32,648,565,784  706,423,790 

2.12%

1/22/2024  33,344,344,753  32,637,716,361  706,628,392 

2.12%

1/19/2024  33,277,300,686  32,570,932,100  706,368,585 

2.12%

1/18/2024  33,249,329,426  32,542,886,343  706,443,083 

2.12%

1/16/2024  33,196,047,328  32,487,867,918  708,179,410 

2.13%

1/15/2024  33,188,071,164  32,477,861,609  710,209,555 

2.14%

1/12/2024  33,113,631,880  32,397,888,325  715,743,555 

2.16%

1/11/2024  33,088,403,945  32,370,766,314  717,637,631 

2.17%

1/10/2024  33,060,738,702  32,341,167,088  719,571,614 

2.18%

1/9/2024  33,035,943,838  32,315,194,894  720,748,944 

2.18%

1/8/2024  33,036,637,813  32,314,512,162  722,125,651 

2.19%

1/5/2024  33,039,337,902  32,314,272,951  725,064,951 

2.19%

1/4/2024  33,040,303,055  32,314,740,660  725,562,395 

2.20%

1/3/2024  33,042,246,777  32,316,261,247  725,985,531 

2.20%

1/2/2024  33,016,694,505  32,290,174,638  726,519,867 

2.20%

12/29/2023  32,912,429,900  32,185,371,731  727,058,169 

2.21%

12/29/2023  32,912,429,900  32,185,371,731  727,058,169 

2.21%

12/28/2023  32,892,386,111  32,164,718,095  727,668,016 

2.21%

12/27/2023  32,870,500,673  32,141,198,197  729,302,476 

2.22%

12/22/2023  32,800,465,802  32,062,440,326  738,025,476 

2.25%

12/21/2023  32,792,173,992  32,052,056,609  740,117,382 

2.26%

12/20/2023  32,785,638,883  32,043,420,082  742,218,801 

2.26%

12/19/2023  32,795,796,365  32,051,639,326  744,157,039 

2.27%

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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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