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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 %
7/7/2022  39,344,695,831  39,101,394,873  243,300,958 

0.62%

7/6/2022  39,335,616,148  39,091,785,278  243,830,870 

0.62%

7/5/2022  39,271,001,317  39,026,579,943  244,421,373 

0.62%

7/4/2022  39,254,022,756  39,009,055,805  244,966,951 

0.62%

7/1/2022  39,173,949,471  38,927,584,904  246,364,566 

0.63%

6/30/2022  39,155,282,548  38,908,445,376  246,837,172 

0.63%

6/29/2022  39,134,840,971  38,887,462,553  247,378,418 

0.63%

6/28/2022  39,091,790,655  38,843,820,045  247,970,611 

0.63%

6/27/2022  39,055,061,662  38,806,523,123  248,538,539 

0.64%

6/24/2022  38,925,142,422  38,674,872,618  250,269,805 

0.64%

6/23/2022  38,884,522,116  38,633,698,150  250,823,966 

0.65%

6/22/2022  38,848,476,557  38,597,081,298  251,395,260 

0.65%

6/21/2022  38,818,858,014  38,566,919,679  251,938,334 

0.65%

6/20/2022  38,791,247,662  38,538,877,681  252,369,981 

0.65%

6/17/2022  38,695,816,589  38,442,092,201  253,724,387 

0.66%

6/16/2022  38,664,486,718  38,410,310,822  254,175,896 

0.66%

6/15/2022  38,633,195,967  38,378,515,387  254,680,581 

0.66%

6/14/2022  38,616,202,696  38,361,105,708  255,096,988 

0.66%

6/10/2022  38,546,019,725  38,289,498,075  256,521,650 

0.67%

6/9/2022  38,516,060,143  38,259,097,955  256,962,188 

0.67%

6/8/2022  38,489,623,752  38,232,163,728  257,460,025 

0.67%

6/7/2022  38,463,371,735  38,205,418,752  257,952,983 

0.67%

6/6/2022  38,421,941,420  38,163,886,379  258,055,042 

0.67%

6/3/2022  38,459,710,192  38,201,518,865  258,191,327 

0.67%

6/2/2022  38,476,145,377  38,217,915,615  258,229,762 

0.67%

5/31/2022  38,483,657,154  38,225,270,658  258,386,496 

0.67%

5/30/2022  38,483,589,386  38,225,199,277  258,390,108 

0.67%

5/27/2022  38,542,557,295  38,284,331,763  258,225,532 

0.67%

5/26/2022  38,570,830,611  38,312,524,538  258,306,074 

0.67%

5/25/2022  38,597,574,811  38,339,104,243  258,470,568 

0.67%

5/24/2022  38,625,224,660  38,366,522,489  258,702,172 

0.67%

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Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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