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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 %
3/13/2018  44,201,760,547  43,501,092,459  700,668,088 

1.59%

3/12/2018  44,078,896,852  43,378,021,846  700,875,006 

1.59%

3/9/2018  43,732,262,716  43,030,778,190  701,484,526 

1.60%

3/8/2018  43,618,046,410  42,916,254,447  701,791,963 

1.61%

3/7/2018  43,451,218,407  42,749,186,931  702,031,476 

1.62%

3/6/2018  43,285,639,423  42,583,306,082  702,333,341 

1.62%

3/5/2018  43,126,211,153  42,423,578,171  702,632,983 

1.63%

3/2/2018  42,756,853,580  42,053,119,304  703,734,276 

1.65%

3/1/2018  42,626,409,030  41,922,048,736  704,360,294 

1.65%

2/28/2018  42,492,668,841  41,787,920,840  704,748,002 

1.66%

2/27/2018  42,354,085,175  41,648,786,578  705,298,597 

1.67%

2/26/2018  42,212,029,654  41,506,177,805  705,851,849 

1.67%

2/23/2018  41,926,730,407  41,219,624,613  707,105,794 

1.69%

2/22/2018  41,857,790,584  41,150,249,924  707,540,660 

1.69%

2/21/2018  41,816,475,761  41,108,424,181  708,051,580 

1.69%

2/20/2018  41,773,287,317  41,064,982,569  708,304,748 

1.70%

2/19/2018  41,734,731,180  41,026,334,521  708,396,659 

1.70%

2/16/2018  41,621,070,014  40,912,517,946  708,552,068 

1.70%

2/15/2018  41,580,353,073  40,871,885,582  708,467,492 

1.70%

2/14/2018  41,535,524,537  40,826,981,515  708,543,022 

1.71%

2/13/2018  41,469,487,136  40,760,670,580  708,816,556 

1.71%

2/12/2018  41,403,243,628  40,694,183,419  709,060,208 

1.71%

2/9/2018  41,176,183,158  40,466,353,909  709,829,249 

1.72%

2/8/2018  41,092,672,948  40,382,615,099  710,057,849 

1.73%

2/7/2018  41,005,550,668  40,295,274,000  710,276,667 

1.73%

2/6/2018  40,922,469,298  40,211,988,388  710,480,910 

1.74%

2/5/2018  40,892,377,125  40,181,729,429  710,647,696 

1.74%

2/2/2018  40,793,202,005  40,082,252,157  710,949,848 

1.74%

2/1/2018  40,755,741,938  40,044,648,047  711,093,891 

1.74%

1/31/2018  40,685,233,207  39,974,137,747  711,095,460 

1.75%

1/30/2018  40,625,286,970  39,914,431,890  710,855,080 

1.75%

[1/9]

 

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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