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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 %
5/5/2020  33,986,989,141  33,377,593,914  609,395,227 

1.79%

5/4/2020  33,892,492,280  33,281,363,682  611,128,599 

1.80%

4/30/2020  33,520,904,271  32,902,792,980  618,111,290 

1.84%

4/29/2020  33,427,963,220  32,807,966,249  619,996,971 

1.85%

4/28/2020  33,442,983,004  32,821,063,342  621,919,662 

1.86%

4/27/2020  33,463,465,788  32,839,338,762  624,127,026 

1.87%

4/24/2020  33,542,618,521  32,913,048,910  629,569,611 

1.88%

4/23/2020  33,581,181,419  32,950,246,552  630,934,867 

1.88%

4/22/2020  33,625,767,696  32,993,379,860  632,387,836 

1.88%

4/21/2020  33,661,380,054  33,027,539,092  633,840,962 

1.88%

4/20/2020  33,690,084,291  33,054,761,112  635,323,179 

1.89%

4/17/2020  33,792,228,395  33,152,292,673  639,935,722 

1.89%

4/16/2020  33,843,829,913  33,202,193,254  641,636,659 

1.90%

4/15/2020  33,908,440,143  33,265,111,610  643,328,533 

1.90%

4/14/2020  33,979,327,742  33,334,233,985  645,093,757 

1.90%

4/9/2020  34,396,132,807  33,744,449,834  651,682,973 

1.89%

4/8/2020  34,493,334,875  33,840,111,309  653,223,565 

1.89%

4/7/2020  34,586,381,011  33,928,949,085  657,431,926 

1.90%

4/6/2020  34,673,469,249  34,011,848,364  661,620,885 

1.91%

4/3/2020  34,903,050,953  34,230,650,540  672,400,413 

1.93%

4/2/2020  34,976,371,365  34,300,464,265  675,907,100 

1.93%

4/1/2020  35,075,556,441  34,396,192,066  679,364,375 

1.94%

3/31/2020  35,164,442,406  34,481,734,773  682,707,633 

1.94%

3/30/2020  35,260,811,489  34,574,890,980  685,920,509 

1.95%

3/27/2020  35,515,483,006  34,820,662,010  694,820,996 

1.96%

3/26/2020  35,590,254,308  34,892,607,508  697,646,800 

1.96%

3/25/2020  35,661,543,746  34,960,582,866  700,960,880 

1.97%

3/24/2020  35,710,163,426  35,005,866,196  704,297,230 

1.97%

3/23/2020  35,747,350,970  35,039,617,041  707,733,929 

1.98%

3/20/2020  35,892,334,652  35,174,463,531  717,871,121 

2.00%

3/19/2020  35,942,589,541  35,221,287,256  721,302,285 

2.01%

[1/9]

 

Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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