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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 %
3/4/2024  33,897,249,128  33,077,322,530  819,926,598 

2.42%
3/1/2024  33,762,501,354  32,960,290,319  802,211,035 

2.38%
2/29/2024  33,718,605,623  32,922,219,436  796,386,187 

2.36%
2/28/2024  33,676,484,816  32,885,784,362  790,700,454 

2.35%
2/23/2024  33,518,152,780  32,759,607,366  758,545,415 

2.26%
2/21/2024  33,446,458,032  32,700,983,061  745,474,972 

2.23%
2/20/2024  33,416,893,057  32,677,821,136  739,071,920 

2.21%
2/19/2024  33,390,918,111  32,658,264,720  732,653,391 

2.19%
2/16/2024  33,294,663,550  32,575,002,061  719,661,489 

2.16%
2/15/2024  33,262,171,509  32,545,784,389  716,387,120 

2.15%
2/14/2024  33,212,105,732  32,498,433,555  713,672,177 

2.15%
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%
[1/9]

 

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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