abokiFX vs CBN: abokiFX says it will temporarily suspend rates, hopes suspension leads to Naira appreciation – Nairametrics


Online foreign exchange rate website, abokiFX, which is currently under investigation by the Central Bank of Nigeria (CBN), says it will temporarily suspend rates on all its platforms, to find clarity on the situation. This was disclosed in a social media statement by AbokiFX on Friday evening, adding that it ‚Äúsincerely hopes the suspension will … Read more

We will find you, force you to return dollars bought on false demand, CBN warns – Nairametrics


The Central Bank of Nigeria (CBN) has stated that it will hunt Nigerians who buy forex for Personal Travel purposes and later cancel such trip. The plan of the apex bank, with the support of banks, is to find the buyers and force them to return currencies bought under such disguise. This was disclosed by … Read more