₦airaland Forum

Good development.

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Good, rest

Block her line.

But OP you no try, after you've shine her shoe you come run.

It is well

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It is well

Between N300k to N1million will give you a good Car wash business.

You can add Drinking Parlor to it.

What is your budget?

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We don hear.

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Happy birthday 2Baba

According to our source, we can confirms why AbokiFX is being investigated by CBN.  Owner of online foreign exchange rate website, AbokiFX is being investigated by CBN for Forex price manipulation. 

Popular online breaking news website, TheCable first reported AbokiFX was being investigated. SmartBusinessInfoHub  has also independently confirmed an investigation is ongoing.

Sources within the apex bank told TheCable on Thursday night that Adedotun and AbokiFX Limited are currently under investigation for “illegal foreign exchange transactions”.

AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. On Thursday, abokiFX reported that the naira was trading at  570 to the dollar at the parallel market.

An insider, familiar with the events, told us that “unusual forex transactions” were found in his account, suggesting the promoters of the platform have been involved in illegal forex trading.

The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 till 2021.

The Central Bank of Nigeria is accusing the owner of the website, one Mr. Olusegun Adedotun Oniwinde of running a scheme tantamount to “economic sabotage” by using his website to set exchange rates. According to the source, Mr Oniwinde might be profiting from the speculative activities of the naira by setting exchange rates while living outside the country.

“Are we all comfortable with one unknown unlicensed man setting exchange rates in Nigeria while he lives in far away England?” the source queried.

Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation, but another source within the bank said he could not confirm the rumours.

“There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow,” the source said.

AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021.

How are black market rates obtained?

Before AbokiFX, black market rates are easily obtained via a simple phone call to black market operators, who confirm the rates.

Whilst there can be different rates quoted, the disparity is largely insignificant. Rates can also be different from state to state. However, with Aboki FX, most unofficial forex buyers or sellers, access the website to get a guide of what the rates are.

Nevertheless, most operators inform us that they get their rates from the forces of demand and supply and not from the website. Sellers of forex also decide on the final exchange rate after negotiations with their counterparties.

Yet, the CBN appears to be accusing AbokiFX of undertaking a grand scheme of setting an exchange rate that has probably led to the depreciation of the naira from N505/$1 before the ban to over N560/$1 as of September 16, 2021.

“How exactly does he collect his data? Do you know any BDC that supplies daily rates to him? Does he have staff on ground that collects these data?” they quipped, alluding to the growing popularity of AbokiFX in providing a widely accepted platform for gauging the black-market exchange rate which the central bank has often cited as being illegal and not representative of the forex liquidity and true value of the naira.

Despite the characterization of the black market by the apex bank, in 2016 when the black market rate fell to above N500/$1.


The CBN Governor claimed victory when the rates unified with the official rates, strengthening to around N366/$1 as dollar liquidity hit the market with the advent of the Investor and Exporter window.

The current disparity, which is now above N140 and rising, is mostly attributed to the stable nature of the NAFEX, which is yet to depreciate despite dollar scarcity reported by businesses who require it for official transactions.

However, the exchange rate has recorded an unprecedented depreciation on the black market in the last few weeks especially since the ban on sale of forex to BDC operators.

Despite the depreciation going on in the parallel market, the exchange rate has traded within the N410/$1 band since the CBN aligned the NAFEX rates with its official rate.

Why Is CBN investigating AbokiFX

The investigation of AbokiFX underscores the pressure faced by the central bank to fight off speculators who they have accused of sabotaging the exchange rate. Publishing exchange rates, especially black-market rates predate the current forex crisis and has been a regular in newspapers since the advent of democracy.

Thus, most analysts who spoke to us on the condition of anonymity are worried about the direction of the central bank. Many believe censorship of AbokiFX or any website reporting black market forex rates will be seen as impinging against the right of freedom of the press or opinion.

It is also not clear what AbokiFX may have done wrong to suggest that they are sabotaging the economy, one lawyer explains.

Nigeria’s central bank has deployed several measures aimed at maintaining a stable exchange rate such as allowing foreign remittances to be paid in dollars, limiting forex deposits and withdrawals over the counter, introducing stringent documentation for forex utilization and most recently banning the sale of forex to BDC. None of these measures seem to have worked.

The apex bank had initially scheduled its MPC meeting for September 20 and 21, but had to reschedule to September 16 and 17, 2021 — but no reason was given for the move.

Godwin Emefiele, the governor of the CBN, will address the media on Friday to announce fresh MPC decisions.

Source: https://smartbusinessinfohub.com/why-abokifx-is-being-investigated-by-cbn/

According to our source, we can confirms why AbokiFX is being investigated by CBN.  Owner of online foreign exchange rate website, AbokiFX is being investigated by CBN for Forex price manipulation. 

Popular online breaking news website, TheCable first reported AbokiFX was being investigated. SmartBusinessInfoHub  has also independently confirmed an investigation is ongoing.

Sources within the apex bank told TheCable on Thursday night that Adedotun and AbokiFX Limited are currently under investigation for “illegal foreign exchange transactions”.

AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. On Thursday, abokiFX reported that the naira was trading at  570 to the dollar at the parallel market.

An insider, familiar with the events, told us that “unusual forex transactions” were found in his account, suggesting the promoters of the platform have been involved in illegal forex trading.

The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 till 2021.

The Central Bank of Nigeria is accusing the owner of the website, one Mr. Olusegun Adedotun Oniwinde of running a scheme tantamount to “economic sabotage” by using his website to set exchange rates. According to the source, Mr Oniwinde might be profiting from the speculative activities of the naira by setting exchange rates while living outside the country.

“Are we all comfortable with one unknown unlicensed man setting exchange rates in Nigeria while he lives in far away England?” the source queried.

Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation, but another source within the bank said he could not confirm the rumours.

“There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow,” the source said.

AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021.

How are black market rates obtained?

Before AbokiFX, black market rates are easily obtained via a simple phone call to black market operators, who confirm the rates.

Whilst there can be different rates quoted, the disparity is largely insignificant. Rates can also be different from state to state. However, with Aboki FX, most unofficial forex buyers or sellers, access the website to get a guide of what the rates are.

Nevertheless, most operators inform us that they get their rates from the forces of demand and supply and not from the website. Sellers of forex also decide on the final exchange rate after negotiations with their counterparties.

Yet, the CBN appears to be accusing AbokiFX of undertaking a grand scheme of setting an exchange rate that has probably led to the depreciation of the naira from N505/$1 before the ban to over N560/$1 as of September 16, 2021.

“How exactly does he collect his data? Do you know any BDC that supplies daily rates to him? Does he have staff on ground that collects these data?” they quipped, alluding to the growing popularity of AbokiFX in providing a widely accepted platform for gauging the black-market exchange rate which the central bank has often cited as being illegal and not representative of the forex liquidity and true value of the naira.

Despite the characterization of the black market by the apex bank, in 2016 when the black market rate fell to above N500/$1.

The CBN Governor claimed victory when the rates unified with the official rates, strengthening to around N366/$1 as dollar liquidity hit the market with the advent of the Investor and Exporter window.

The current disparity, which is now above N140 and rising, is mostly attributed to the stable nature of the NAFEX, which is yet to depreciate despite dollar scarcity reported by businesses who require it for official transactions.

However, the exchange rate has recorded an unprecedented depreciation on the black market in the last few weeks especially since the ban on sale of forex to BDC operators.

Despite the depreciation going on in the parallel market, the exchange rate has traded within the N410/$1 band since the CBN aligned the NAFEX rates with its official rate.

Why Is CBN investigating AbokiFX

The investigation of AbokiFX underscores the pressure faced by the central bank to fight off speculators who they have accused of sabotaging the exchange rate. Publishing exchange rates, especially black-market rates predate the current forex crisis and has been a regular in newspapers since the advent of democracy.

Thus, most analysts who spoke to us on the condition of anonymity are worried about the direction of the central bank. Many believe censorship of AbokiFX or any website reporting black market forex rates will be seen as impinging against the right of freedom of the press or opinion.

It is also not clear what AbokiFX may have done wrong to suggest that they are sabotaging the economy, one lawyer explains.

Nigeria’s central bank has deployed several measures aimed at maintaining a stable exchange rate such as allowing foreign remittances to be paid in dollars, limiting forex deposits and withdrawals over the counter, introducing stringent documentation for forex utilization and most recently banning the sale of forex to BDC. None of these measures seem to have worked.

The apex bank had initially scheduled its MPC meeting for September 20 and 21, but had to reschedule to September 16 and 17, 2021 — but no reason was given for the move.

Godwin Emefiele, the governor of the CBN, will address the media on Friday to announce fresh MPC decisions.

Source: https://smartbusinessinfohub.com/why-abokifx-is-being-investigated-by-cbn/

Oh South South that her resources will be used to pay the debt.

This is the so sad.

Kindly check my signature

Here to learn

Hmmm

Why can't CBN banned Boko Haram sponsors accounts

Na WA

Good development

God have mercy

Hmmm

This is not the right thing.

CBN is only chasing shadow.

The Aboki fx was only gathering prices from the streets.

Kindly visit my signature for your business ideas and updates

Marketing tools are the great push for a small business.

Nowadays, with marketing pertaining to everything from SEO to social media to PPC, you can’t do it alone. Fortunately, there are plenty of impressive top digital marketing tools you can use to help create a more effective solution for your small business.

If you work for a small business, it’s particularly imperative you find tools to help you manage the wide scope of your marketing demands.

Google Analytics
Want to comprehensively track your website performance? Google analytics allows you to analyze in-depth details about the visitors on your website, where they came from, the pages they spent the most times viewing as well as other details on your website performance.

These data if properly utilized would help you plan better strategies for your marketing campaigns.

Google Data Studio and Google Sheets is part of the Google Analytics 360 Suite, you can use these online software to create beautiful and explanatory reports for your clients. If you need a software for data visualization, I would recommend Google Data Studio and Google Sheets.

Some of the data points that Google Analytics makes available to you include:

The number of visitors to your site by day, week, month, or any time period you choose
Where these visitors are coming from – referrals from other website, organic search, ads, social, or direct
The keywords people are using in Google to find your site
The demographics and interests of your users
How long each user spends on your site and which pages they visit
All this information is interesting, but it’s also vital knowledge that can help you to optimize your website and marketing campaigns.

For example, you might notice through Search Console or Analytics that you’re getting a lot of traffic from a keyword that you lack content covering. Write a blog post optimized for that keyword and watch your traffic and engagement levels rocket.

Getting loads of visitors from Facebook but none from Twitter? Maybe this is a sign you should concentrate your marketing efforts on your main channel.

It’s all about the insights – not just the analytics.

Semrush
Another SEO tool that is used for keyword research, tracking the keyword strategy used by your competitors, running SEO audits of your blog, looking for backlinking opportunities, and much more, Semrush is trusted by big and small businesses across the world.

The company has a huge database of over 120 million keywords and 46 million domains.

Some of the areas it tracks are the organic position of a domain or landing URL on Google’s SERP, copies of AdWords ads and their position, competitor analysis, CPC ads, and others.

When it comes to eCommerce, you can optimize your online store from every angle by auditing your site to correct meta information and making your content unique.

You can also take your ad campaigns to the next level by exploring PLA copies and the keywords which trigger them. Finally, you can also manage social media and your reputation online.

Canva
Canva is a drag-and-drop design studio for folks who can’t afford professional graphic design. Canva is a subscription service for people who need web design to be easy and might not have the budget for a full-time graphic designer. Optimized for mobile, Canva makes design easy for amateurs with its visually appealing drag-and-drop features.

You can create shapes, logos, charts, graphs, and your own presentations with custom fonts using the design tools available in Canva. If you’re an employer, you can also check on the status of projects assigned to your employees on a deadline.

It has millions of images in its library and access to them is right at your fingertips.

Hubspot
Hubspot built their brand around inbound marketing (e.g. attracting potential customers by creating valuable content and experiences tailored to them), which is probably the most effective digital marketing strategy for small businesses.

HubSpot is an all-in-one marketing software solution that enables you to bring all your different marketing channels together, and optimize for more traffic, a higher conversion rate, and better ROI.

The tool includes optimized templates that are ideal for creating landing pages along with other features like live chat and user action events which ramp up your engagement and convert more visitors into customers.

Other features of HubSpot include:

Content optimization tools
Optimized landing pages
Email templates
Marketing automation
Lead management
Analytics
Social media management
The full version of HubSpot has a hefty price tag but small businesses on lower budgets can get started with their free or basic package.

HubSpot has also made the switch from an inbound marketing tool to a complete CRM platform, now offering free and paid sales hubs, customer service hubs, and content management (on top of the free/paid marketing hub).

However, the complete content management platform is only available in paid versions.

Hootsuite
Hootsuite is a social media scheduling tool in the vein of MeetEdgar and Buffer that allows you to plan and pre-schedule your social media posts. This enables you to post whenever you want on a 24/7 cycle to reach international audiences.

All of the social engagement functions operate within the system dashboard, so you can stay in Hootsuite without switch back-and-forth between services. You can also identify key influencers and hashtags

The one-and-done social media online marketing tool with a post scheduling tool and analytics and monitoring features.

Paystack
Paystack is an online payment platform that makes it easy for merchants to accept card payments online from customers. It is easy to setup and the great part is, you don’t need to own a website to create a Paystack payment link for your business.

WordPress
WordPress is an open source website creation tool written in PHP. But totally simplified for use by those with little or no knowledge in coding, it’s probably the easiest and most powerful blogging and website content management system (CMS) in existence today.

WordPress is also a blank canvass for building any kind of site you want. If you’re looking to write a search engine optimized blog, WordPress is the way to go. Fun fact: 60% of websites on the internet are built with WordPress.

Slack
In the world of digital marketing tools, the success of any project hinges on the ease of communication between teams. That’s why you should invest in easy-to-use software that provides your team with uninterrupted interaction and data sharing.

One of the most popular team collaboration platforms is Slack. This sweet tool has won the hearts of many digital marketers thanks to its simple data sharing and easy message search options.

Most importantly, Slack can integrate with all major project management, office management, sales, productivity, design, and developer tools, making it easier for you to stay on top of every aspect of your digital marketing campaign. Better for SEO than other platforms like Squarespace.

Yoast SEO
What use are all the hours you spend researching keywords and topics worth if you don’t properly optimize your content? Even the best of us forget things once in a while.

READ MORE: https://smartbusinessinfohub.com/10-top-digital-marketing-tools-for-small-businesses/

Such is life

This is getting serious.


Kindly visit my signature for your business ideas and updates

Hahaha, you may be right.

KazikageSama:
Shoot, nha only 2 naira still geh value for Naija. Nairaland and Naira Marley.

Cool

Kindly visit my signature for your business ideas and updates

Oh.. Mfina ke ederimot

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Haha �

brosom:
Hmm which kind nonsense arrest be this kwan?

A time will come when a man and woman will be having a concentual sex and the man releases first before/without the woman at once, the woman will sue the man for bridge of pre-cum.

E go soon happen.

Good article

Good

Be informed.

Yes

Emeka71:
Nice information.

Good.

Kindly visit my signature for your business ideas and updates

Lovely article

Good for them.

Kindly visit my signature for your business ideas and updates

Na their way.

Kindly visit my signature for your business ideas and updates