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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 %
4/7/2016  27,673,012,153  27,022,024,638  650,987,516 

2.35%
4/6/2016  27,707,692,115  27,056,692,724  650,999,390 

2.35%
4/5/2016  27,750,049,744  27,099,016,430  651,033,313 

2.35%
4/4/2016  27,785,921,115  27,134,736,153  651,184,962 

2.34%
4/1/2016  27,858,054,241  27,206,378,797  651,675,444 

2.34%
3/31/2016  27,864,604,436  27,212,775,843  651,828,594 

2.34%
3/30/2016  27,864,573,749  27,212,503,221  652,070,528 

2.34%
3/29/2016  27,870,347,538  27,217,980,987  652,366,551 

2.34%
3/24/2016  27,871,866,814  27,216,066,326  655,800,489 

2.35%
3/23/2016  27,873,130,145  27,216,383,603  656,746,542 

2.36%
3/22/2016  27,880,226,906  27,222,526,672  657,700,234 

2.36%
3/21/2016  27,888,285,805  27,229,601,858  658,683,947 

2.36%
3/18/2016  27,875,442,449  27,213,918,375  661,524,075 

2.37%
3/17/2016  27,864,077,343  27,201,595,662  662,481,680 

2.38%
3/16/2016  27,853,597,008  27,190,123,282  663,473,726 

2.38%
3/15/2016  27,867,081,467  27,202,557,989  664,523,478 

2.38%
3/14/2016  27,872,345,587  27,206,760,787  665,584,800 

2.39%
3/11/2016  27,876,163,559  27,207,371,829  668,791,730 

2.40%
3/10/2016  27,882,596,859  27,212,722,637  669,874,223 

2.40%
3/9/2016  27,882,357,636  27,211,297,462  671,060,175 

2.41%
3/8/2016  27,881,288,439  27,209,117,497  672,170,943 

2.41%
3/7/2016  27,879,917,289  27,206,667,070  673,250,219 

2.41%
3/4/2016  27,841,080,741  27,164,860,627  676,220,114 

2.43%
3/3/2016  27,820,412,160  27,143,264,332  677,147,828 

2.43%
3/2/2016  27,821,462,265  27,143,351,434  678,110,831 

2.44%
3/1/2016  27,822,689,990  27,143,622,390  679,067,600 

2.44%
2/29/2016  27,823,592,842  27,143,624,709  679,968,133 

2.44%
2/26/2016  27,809,348,779  27,126,957,424  682,391,355 

2.45%
2/25/2016  27,807,658,280  27,124,445,298  683,212,981 

2.46%
2/24/2016  27,804,344,657  27,120,749,109  683,595,548 

2.46%
2/23/2016  27,801,552,645  27,117,559,487  683,993,157 

2.46%
[1/9]

 

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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