CBN has reportedly shut down accounts belonging to AbokiFx on the basis of publishing rates as it violates the National Intelligence committee act of 2004.

Wow...very intelligent Governor

All abokifx does is coordinate rates on the street. Information CBN can counter if they are transparent. Killing businesses is what we're good at in Nigeria.

CBN should fix and coordinate itself instead of chasing shadows.

Naira is sinking, Nigeria is sinking, CBN is playing games.

Dollar is definitely getting to #600 next week, market rates will now differ and spiral out of control.

CBN is now waking up to the monsters who have destroyed our economy with their false narratives!

GRTBR

Nawa o

All am seeing is Yoruba business there

When are they shutting the forex exchangers that sponsorsed Boko Haram

Good move, most people sit behind their laptops, check the exchange rate on abokifx before giving you quotations.
The next thing you hear is 'Oga everything is expensive now ooo
Even 1 dollar is now N560 I swear, you can check abokifx'

Government need to shutdown the website as well.

I support this move, this guy could be paid by the mallams to confuse people.

Majority of people in diaspora depend on site, how are we sure this is real info or paid to satisfy a particular group

Still functioning.

Site functioning but their accounts with various banks have been blocked

fineboynl:
Still functioning.

lwisee:
Good move, most people sit behind their laptops, check the exchange rate on abokifx before giving you quotations.
The next thing you hear is 'Oga everything is expensive now ooo
Even 1 dollar is now N560 I swear, you can check abokifx'

Government need to shutdown the website as well.

oponu

Clueless Emefiele and his boss. Is Abokifx the cause of your failed policies or the free fall of naira?
When the naira gained to the dollar, didn't Abokifx report it?

E don set.

But will this stop the free fall of the naira?

So how then do we know the price to negotiate with aboki on the street?

Since CBN has decided to be unfortunate by refusing to be transparent?

G

CBN in 2020 ordered all commercial banks to close all accounts that they suspected that were used for bureau de change simply by narrations or remarks of the transaction(eg. Exchange for $100). And these commercial banks closed both individual and corporate account used for bureau de change, they claimed that the aboki guys were responsible for the rapid fall in naira and thought they were going to eliminate the street bureau de change guys in the FX business, as usual they found other means and that even increased further the fall of naira to dollar.

Closing down all AbokiFx accounts is a wrong move by CBN, you fought the aboki street guys and you couldn't win. How do you think you can win this battle with the real FX rate influencers.

Don't worry, they'll soon migrate to another app that will make you see the naira drop up to $1 to N1,000

This country

Na so them be oo

Nawa ooo

Very good.
They are becoming too successful for my likings.

I am happy their downfall is near.

J

You've got to be fucking kidding me

I was ruminating on the fact that CBN needs to monitors businesses that obtain FX at official rates from banks, most of them are greedy. They get FX at CBN rate to purchase goods and uses the AbokiFX rate in calculating selling price to the public, which isn't fair.

Blocking AbokiFX account won't solve it either.

That's bad

The CBN is getting bolder finally.
These FX cabals will surely fight back. So they should brace up.
Funny majority of these aboki bureau de change are not Nigerians. They’re mostly from Niger republic.

They should block the page not their account