F117nighthawk:
Scam called ABOKI FX, everything about Nigeria is all about, greed, scam, selfishness and taking advantage to every opportunity to steal or cheat
Awon Ole jati jati

How ?

potbelly:
Emefiele the clown...

Hope with this suspension the naira will appreciate

Shior!

In actual fact the rate of depreciation of the Naira slowed down after the CBN took action against AbokiFX

phineas:



I will call out any firm that sabotages Nigeria and think it's a joke anyway.And their supporters too.Some of us plan to live here and we are not leaving .

You are with the aboki people right? Pass my message to them.bunch of economic terrorists .CBN was right on this one,the real issue remains whats the official country approved source for their information.

OK let me ask, what was the exchange rate before and after the change in CBN policy towards the BDCs?

Nice repartee

Propaganda can't save your incompetent masters.

phineas:
Irresponsible press release.

We will stop publishing rates in line with national directives.simple matter

Nooo,They had to add hope naira appreciates next week.our director this our director that...They must be a bunch of mindless people pleasing drones in the place. What i see here is unprofessionalism at its peak.Next time hire a PR or comma person to write your press release.not some drop out.

And to think a supervisor approved this too

Educationalserv:
usless economic terrosit firm .why not publish daily rate for the parallel markets in UK. Where the firm is located why target vulnerable developing nation with huge structural problems .why add to the misery to make dirty profits. Any body that what to know the rates in Nigeria should ask the central bank of Nigeria. Approved by law to determine it .

There is absolutely nothing wrong with the black market. It is strong in Nigeria because 60% of the economy is informal. So, the black market is simply an informal way to trade forex.

The real problem is the blatant mismanagement of foreign exchange by Buhari and the submissive CBN governor who allowed the president dictate to him. It's a tragedy.

Calitoscassius:
check your what? if you truely do tranfer ££ to naira, do give details on how you can be contacted, otherwise......

Avatar means picture or my profile

Why are you so worried about how I can be contacted

Are you the target audience

How e take concern you how I can be contacted

Kingpele:
Ok shut it down completely abeg ,your speculative projections is creating panic in the business world ,panic buying and keeping dollars is rampant amongst the elites thereby making dollars to be limited and very costly.further killing our naira..if u are not conversant with this thread keep quiet ,so that u don't showcase your flaws here ..there is no way naira will recover the pressure from this firm activities as it relates to our local economy ,some selfish guys might benefits from it and is happy even if we go the way of Zimbabwe. U want government to fix the economy but criticize them whenever they try to do something useful for once.though buhari is still clueless sha

You think Abokifx is the problem of this country economy? We all know the truth but choose to blame people for our misfortune

Propaganda won't save your masters, your economic team is the bereft of ideas, fix the economy you are chasing websites! $1 = N600 and 1 pound to 800 Naira loading! Your masters are the real economic terrorists!

Educationalserv:
usless economic terrosit firm .why not publish daily rate for the parallel markets in UK. Where the firm is located why target vulnerable developing nation with huge structural problems .why add to the misery to make dirty profits. Any body that what to know the rates in Nigeria should ask the central bank of Nigeria. Approved by law to determine it .

Northerners hate competition, too bad Abokifix is just a website that shows forex rates - you would know that if your kind didn't spend time sniffing glue.

Danjikanbauchi:
The owners of that Abokifx should be arrested and killed.

And if anybody here talk rubbish something should be done to him.

Next topic please.

Kobicove:


In actual fact the rate of depreciation of the Naira slowed down after the CBN took action against AbokiFX

The Naira's free fall will continue. Abokifx is simply making jest of the government. What will he Emefiele say when the free fall continues?

[s]

Kingpele:
Ok shut it down completely abeg ,your speculative projections is creating panic in the business world ,panic buying and keeping dollars is rampant amongst the elites thereby making dollars to be limited and very costly.further killing our naira..if u are not conversant with this thread keep quiet ,so that u don't showcase your flaws here ..there is no way naira will recover the pressure from this firm activities as it relates to our local economy ,some selfish guys might benefits from it and is happy even if we go the way of Zimbabwe. U want government to fix the economy but criticize them whenever they try to do something useful for once.though buhari is still clueless sha

[/s]
Or deh niẹ

KaptainAfrika:
Northerners hate competition, too bad Abokifix is just a website that shows forex rates - you would know that if your kind didn't spend time sniffing glue.

how do they generate income to run their activities ?

What you don't know is bigger than you my boy.

grandstar:
"We sincerely hope this suspension will lead to the appreciation of the Naira from next week" - the article said.

This is the best masked sarcasm I have ever seen. Of course, the free fall of the Naira will continue until the government allows market forces to determine the exchange.

The numbing incompetence of Buhari and his puppet CBN governor has been unparalleled since 2015.

Nothing nice about it,it is rude and insulting to the country,and her people

How information around an economy is managed is very important. Money is a key element in a countrys soverignty.

They (aboki) made themselves the official voice (another way to see it is official representative) of a bussiness unit that had been deemed illegal in the country ,basically they are giving authenticity to an illegal activity against the directives of the country and that's their response," global bodies rely on us", "temporary stop to said activity"...and "hope the Naira appreciates" .I repeat the firm and their spokesperson are irresponsible,and their press release is offensive...

Hope you get now why it's not funny

We sincerely hope this suspension will lead to the Naira appreciation from next week.......


This line is a killer........

I thought a lot of calculation goes into getting the dollar to Naira rate. I didn’t know one aboki just sat down in London all this while speculating rates like it’s nothing.

If not for nepotism probably AbokiFx for no get that kind power.

How did we get here? Every single policy this clueless CBN have made has had zero effect on improving the economy. Nigeria has slowly drifted back to almost a military regime under Buhari. CBN better ban the internet and ensure phone calls to abokis are also banned so they can hide their folly. When they makes their stupid policies and the dollar rate drops, they dont remember to ban abokifx. Some weeks ago when they banned some BCDs and the rates started to go down, they were quick to announce they had found the solution to world hunger. But now that the Naria adds N2 daily to the rates showing their clueless-ness, they are quick to ban information. Basic economics of demand and supply they dont know. If they were wise, engaging with and befriending the likes of abokifx to publish reduced rates would have been the better option. But no, they are like their master in aso rock, force with no wisdom. How long does it take for a web site to pop up on the internet?. kai who did this to us. Even I can publish rates daily to get renewed traffic now that abokifx wont be the central convergent point any longer. In 2 weeks time, they should ban the internet, then ban Nigerians in disapora from checking internet for rates also. rubbish!

Brandonx:
The AbokiFx has been helpful to me and many others, their rates are always accurate when one intends to transact in the black market.
It seems this government don’t like transparency

Many in Diaspora will keep their $ in their pocket now. Funny how Nigerians are supporting this move thinking they know something. CBN has won against Aboki fx but can never win against law of demand and supply, unfortunately that's what's killing the naira.

Emefiele is too stoopeed

profmallor:
How did we get here? Every single policy this clueless CBN have made has had zero effect on improving the economy. Nigeria has slowly drifted back to almost a military regime under Buhari. CBN better ban the internet and ensure phone calls to abokis are also banned so they can hide their folly. When they makes their stupid policies and the dollar rate drops, they dont remember to ban abokifx. Some weeks ago when they banned some BCDs and the rates started to go down, they were quick to announce they had found the solution to world hunger. But now that the Naria adds N2 daily to the rates showing their clueless-ness, they are quick to ban information. Basic economics of demand and supply they dont know. If they were wise, engaging with and befriending the likes of abokifx to publish reduced rates would have been the better option. But no, they are like their master in aso rock, force with no wisdom. How long does it take for a web site to pop up on the internet?. kai who did this to us. Even I can publish rates daily to get renewed traffic now that abokifx wont be the central convergent point any longer. In 2 weeks time, they should ban the internet, then ban Nigerians in disapora from checking internet for rates also. rubbish!

The fact that most Nigerians are happy about this is astonishing. It shows how much educated fools we have in the country.

If you could read, you would see that they make money from AD revenue generated on their website.

Danjikanbauchi:
how do they generate income to run their activities ?

What you don't know is bigger than you my boy.

KaptainAfrika:
If you could read, you would see that they make money from AD revenue generated on their website.

you deserved to be arrested too. Your type are the reason thieves and Yahoo boys are denting the image of this country.

“ We sincerely hope this suspension will lead to the Naira appreciation from next week.”

Burn

Sincerely, most Nigerians want the rates to go down, why not, we are all suffering from this spikes. Even the purchasing power of those that remit from diaspora has dropped, is it the cost of building materials or services you want to speak on. All have increased in recent times. ever since this CBN decided to ban crypto trading, which was reducing the pressure on the Naira, they lost the good will of many Nigerians. So unless the cost of a barrel of crude suddenly jumps and output goes back to pre COVID times there is naturally no way the Naira can appreciate. The current CBN leadership is so eager to please their master so they ve thrown all knowledge of running an economy to the winds.

hosemujica:
The fact that most Nigerians are happy about this is astonishing. It shows how much educated fools we have in the country.

Armstrong34:
Buhari has finally destroyed this con3....................................Now they are chasing shadows and looking for whom to blame for their incompetences ..............................Nigeria is a truly a Mistake to exist

I hate this govt but whatever they are doing now is to bring down the rates that keeps rising from manipulations.

You depend on abokifx to buy from the street and the same abokifx tells you they get their rates from the street. You don't see there's something happening in between? If you ask most exchangers on the street how they arrive at their rates, they will point you to abokifx.

Abokifx can wake up and add N5 then tell you it was gotten from the street, the exchangers wake up then peg their rates around what they see on abokifx as the current rate...... You still don't see manipulations?

Tell me any country where you have official exchange rate of a currency then street rate..... Only in Nigeria because of the lack of proper regulation on BDC and online urchins like abokifx. The govt itself are among this nonsense but then whatever will bring down the rate is welcomed.

Mboi:

3. Why is it that when you go to Banks they still claim they don't have forex?

This is a lie.
Banks will never claim they don't have forex.
If you have genuine business needs your request will be processed
after filling the necessary forms.

Who is deceiving who here.

Isn't it obvious.

phineas:


They (aboki) made themselves the official voice (another way to see it is official representative) of a bussiness unit that had been deemed illegal in the country

Emefiele has been deceiving many of you.

Where is the law that banned trading in dollars or any foreign currency?
I am waiting.

Kingpele:
Ok shut it down completely abeg ,your speculative projections is creating panic in the business world ,panic buying and keeping dollars is rampant amongst the elites thereby making dollars to be limited and very costly.further killing our naira..if u are not conversant with this thread keep quiet ,so that u don't showcase your flaws here ..there is no way naira will recover the pressure from this firm activities as it relates to our local economy ,some selfish guys might benefits from it and is happy even if we go the way of Zimbabwe. U want government to fix the economy but criticize them whenever they try to do something useful for once.though buhari is still clueless sha

Some people would not understand you. Many Young Nigerians dont read or research, they only react like nuclear weapon. That is how one of my person converted his naira to dollars and purchased over 1 Million dollars due tp Aboki FX....We know say Naija no make sense..But we should not kill the economy due to our greed.

Kingpele:
Ok shut it down completely abeg ,your speculative projections is creating panic in the business world ,panic buying and keeping dollars is rampant amongst the elites thereby making dollars to be limited and very costly.further killing our naira..if u are not conversant with this thread keep quiet ,so that u don't showcase your flaws here ..there is no way naira will recover the pressure from this firm activities as it relates to our local economy ,some selfish guys might benefits from it and is happy even if we go the way of Zimbabwe. U want government to fix the economy but criticize them whenever they try to do something useful for once.though buhari is still clueless sha

You are very ignorant of the information you claim you know.
What determine the strength and appreciation of the naira and any economy currency is the level of positive economic indices.
Like employment and general output.
Boko haram is destroying the contribution to northern nigeria input in agriculture for years now,there is nothing nigeria is exporting all this affect the value of the naira.

Mere publishing the exchange rate fake or real will not affect any country positive or negatively.
The same way the Nigeria govt claim they banned bitcoin as source of financing end ESARS is what they just did here.

FactBoyz:
Let's see if the Naira will rise after this FG move

Lol big joke