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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 %
5/19/2017  30,665,258,245  29,944,697,308  720,560,937 

2.35%

5/18/2017  30,695,951,058  29,975,078,832  720,872,226 

2.35%

5/17/2017  30,723,881,733  30,002,989,455  720,892,278 

2.35%

5/16/2017  30,752,601,336  30,032,062,820  720,538,516 

2.34%

5/15/2017  30,781,380,682  30,060,988,153  720,392,529 

2.34%

5/12/2017  30,878,596,580  30,158,212,480  720,384,099 

2.33%

5/11/2017  30,911,121,646  30,191,960,243  719,161,403 

2.33%

5/10/2017  30,922,469,154  30,204,740,511  717,728,643 

2.32%

5/9/2017  30,928,485,613  30,211,971,746  716,513,868 

2.32%

5/8/2017  30,933,760,960  30,218,923,883  714,837,076 

2.31%

5/5/2017  30,983,699,573  30,274,550,192  709,149,381 

2.29%

5/4/2017  30,988,403,724  30,281,178,628  707,225,096 

2.28%

5/3/2017  30,984,544,928  30,279,378,367  705,166,561 

2.28%

5/2/2017  30,974,826,260  30,271,770,790  703,055,469 

2.27%

4/28/2017  30,864,632,989  30,170,607,388  694,025,601 

2.25%

4/27/2017  30,841,112,129  30,149,398,249  691,713,881 

2.24%

4/26/2017  30,801,857,639  30,112,392,849  689,464,790 

2.24%

4/25/2017  30,762,702,559  30,075,520,274  687,182,285 

2.23%

4/24/2017  30,731,134,001  30,046,284,842  684,849,159 

2.23%

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%

[1/9]

 

Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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