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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 %
5/30/2023  35,094,421,974  34,355,174,660  739,247,314 

2.11%
5/26/2023  35,147,391,757  34,400,415,868  746,975,889 

2.13%
5/25/2023  35,158,242,661  34,409,070,414  749,172,247 

2.13%
5/23/2023  35,182,253,816  34,427,899,286  754,354,530 

2.14%
5/22/2023  35,189,191,670  34,432,100,545  757,091,125 

2.15%
5/19/2023  35,198,503,584  34,435,600,005  762,903,580 

2.17%
5/18/2023  35,178,329,120  34,412,042,485  766,286,635 

2.18%
5/17/2023  35,196,540,389  34,425,775,945  770,764,443 

2.19%
5/16/2023  35,194,298,664  34,419,060,716  775,237,948 

2.20%
5/15/2023  35,192,939,462  34,412,331,974  780,607,488 

2.22%
5/12/2023  35,188,325,096  34,396,360,094  791,965,002 

2.25%
5/10/2023  35,222,674,748  34,426,000,472  796,674,276 

2.26%
5/9/2023  35,237,514,803  34,438,022,702  799,492,101 

2.27%
5/8/2023  35,256,869,028  34,454,721,912  802,147,117 

2.28%
5/5/2023  35,277,581,918  34,467,169,538  810,412,380 

2.30%
5/4/2023  35,288,818,073  34,475,559,177  813,258,896 

2.30%
5/3/2023  35,276,085,483  34,460,169,982  815,915,501 

2.31%
5/2/2023  35,277,569,587  34,458,820,133  818,749,454 

2.32%
4/28/2023  35,250,914,724  34,421,854,488  829,060,236 

2.35%
4/26/2023  35,262,496,531  34,419,300,132  843,196,399 

2.39%
4/25/2023  35,288,137,016  34,437,661,309  850,475,707 

2.41%
4/20/2023  35,310,323,469  34,425,893,510  884,429,959 

2.50%
4/19/2023  35,326,409,784  34,434,766,492  891,643,293 

2.52%
4/18/2023  35,337,703,188  34,439,137,251  898,565,937 

2.54%
4/17/2023  35,353,195,560  34,448,745,611  904,449,948 

2.56%
4/14/2023  35,406,175,484  34,484,579,844  921,595,640 

2.60%
4/13/2023  35,420,474,059  34,494,553,421  925,920,638 

2.61%
4/12/2023  35,432,118,825  34,500,980,488  931,138,337 

2.63%
4/11/2023  35,430,975,145  34,493,352,305  937,622,840 

2.65%
4/6/2023  35,393,230,330  34,428,442,966  964,787,365 

2.73%
4/5/2023  35,386,027,691  34,415,550,806  970,476,885 

2.74%
[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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