The dollar has risen to 575 Naira just two days after an online platform, Aboki FX, ceased to provide its updates on the exchange rate.

As updated by the Punch, the dollar fluctuated between N572 and N575 at the black market in different parts of the country on Monday, 20th September 2021.

Punch correspondent, after visiting the ever-busy Wuse Zone 4, a home of bureau de change operators in Abuja, confirmed after observing that the dollar was sold for N574 as opposed to the N570 that was being soold on Friday.

Reviewing other parts of the state, he observed that in Lagos the dollar was sold at N572, in Kano it went for N575 as at 3pm on Monday. 

In an earlier development, the Governor of the Central Bank of Nigeria, Godwin Emefiele, had accused Aboki FX, an online foreign exchange update platform of manipulating the forex market. 

Emefiele, had also threatened that the bank is going to shut down the operations of Aboki FX while describing it as illegal.

In response to the threat, Aboki FX released a statement on Friday stating that it will no longer publish exchange rates for now until the Naira is stabilized. It further revealed that it usually gathers its information from bureau de change operators in Lagos.

Latest Posts:

Last modified: September 20, 2021



Leave a Reply