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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 %
5/27/2024  32,694,097,537  31,786,189,334  907,908,202 

2.78%

5/24/2024  32,734,412,991  31,829,431,499  904,981,493 

2.76%

5/23/2024  32,742,638,934  31,839,169,827  903,469,107 

2.76%

5/22/2024  32,736,861,827  31,834,889,794  901,972,033 

2.76%

5/21/2024  32,729,107,643  31,828,674,108  900,433,535 

2.75%

5/20/2024  32,720,108,688  31,820,792,627  899,316,061 

2.75%

5/17/2024  32,663,807,505  31,767,943,046  895,864,458 

2.74%

5/16/2024  32,642,208,645  31,747,792,237  894,416,408 

2.74%

5/15/2024  32,608,926,445  31,716,678,576  892,247,869 

2.74%

5/14/2024  32,555,274,727  31,665,273,658  890,001,069 

2.73%

5/13/2024  32,528,997,289  31,641,228,002  887,769,287 

2.73%

5/10/2024  32,447,198,785  31,565,575,635  881,623,150 

2.72%

5/9/2024  32,418,302,844  31,538,534,992  879,767,852 

2.71%

5/8/2024  32,390,451,717  31,512,500,775  877,950,942 

2.71%

5/7/2024  32,368,629,781  31,491,469,062  877,160,719 

2.71%

5/6/2024  32,346,884,264  31,470,573,410  876,310,854 

2.71%

5/3/2024  32,300,696,083  31,427,258,849  873,437,234 

2.70%

5/2/2024  32,284,889,024  31,412,540,974  872,348,050 

2.70%

4/30/2024  32,254,525,124  31,384,269,025  870,256,099 

2.70%

4/29/2024  32,232,611,676  31,363,369,419  869,242,257 

2.70%

4/26/2024  32,152,208,273  31,286,072,902  866,135,371 

2.69%

4/25/2024  32,131,783,157  31,266,593,991  865,189,166 

2.69%

4/24/2024  32,117,625,276  31,253,270,709  864,354,567 

2.69%

4/23/2024  32,112,541,708  31,248,200,375  864,341,333 

2.69%

4/22/2024  32,109,259,653  31,244,856,722  864,402,931 

2.69%

4/19/2024  32,106,860,593  31,242,863,585  863,997,008 

2.69%

4/18/2024  32,109,503,564  31,245,673,037  863,830,527 

2.69%

4/17/2024  32,120,898,949  31,257,175,422  863,723,527 

2.69%

4/16/2024  32,203,606,496  31,339,484,178  864,122,318 

2.68%

4/15/2024  32,291,812,310  31,426,569,865  865,242,445 

2.68%

4/12/2024  32,612,493,564  31,744,011,779  868,481,786 

2.66%

[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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