Abokifx, the parallel market foreign exchange rates aggregator in Nigeria, has resumed operations after the suspension of Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN).
The platform, which had temporarily suspended its live update of parallel market rates due to an investigation by the CBN, has now returned with the latest foreign exchange figures based on parallel market rates in Nigeria, particularly from Lagos.
As of Monday, July 10, 2023, Abokifx quoted the naira to the dollar at N790 for buying and N795 for selling. It also displayed rates for pounds and euros.
The platform’s return coincides with Nigeria’s announcement of the unification of exchange rates.
Abokifx owner, Olusegun Adedotun Oniwinde, had previously faced scrutiny from the CBN for illegal forex trading.
The naira has experienced a significant decline, trading at close to N800 to a dollar, and the country is working towards unifying the exchange rates.
Article updated 3 days ago. Content is written and modified by multiple authors.
