Nigerians React As Naira Dips To N575, Days After AbokiFX Suspension

Nigerians React As Naira Dips To N575, Two Days After AbokiFX Suspension

Nigerians have continued to react as the Naira sold between N572 and N575 to a $1 at the parallel market despite the suspension of the activities of AbokiFX.

AbokiFX, a website that collates black market exchange rates in Nigeria, had suspended activities following allegations by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele that the website is being used to undermine the country’s economy.

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The CBN governor had said that the owner of AbokiFX, Oniwinde Adedotun is using the website to manipulate parallel rates.

The abokiFX management, in its reaction debunked the claims, saying all allegations towards it’s director were not confirmed. In another move, the AbokiFX also said that it would no longer provide daily updates on foreign exchange rates for now and hoped that the naira would stabilise

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Meanwhile, days after AbokiFX suspended its activities, dollar was sold for N574.

Checks at the Wuse Zone 4 which is the hub of bureau de change operators in Abuja, revealed that dollar was sold at N574.

Here are some of the reactions gathered on social media;

“Is it now 1 naira to dollar uncle Emefiele? abi we should keep waiting since Aboki fx is your problem.”(@jeremy)

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“I was expecting the naira to be at par with the dollar once the sting operation conducted by CBN was successful.”(@damtoy)

“Since they’ve kicked AbokiFX to the curb what’s Dollar to Naira rate again?”(heggshells)

“Are you trying to say one Dollar isn’t equal to one Naira yet? Is there some other website we can ban?”(@forifiles)

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“Now that dollar is almost 580 to naira today after banning #AbokiFX,the next thing is for CBN to ban news? Yeye dey smell”(gracedup1)

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