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Exchange rate: CBN to shut down popular Aboki FX website




The Central Bank of Nigeria has disclosed that it will shut down the operations of Aboki FX, a website providing currency exchange information, which the CBN described as an illegal and criminal platform.

The CBN Governor, Godwin Emefiele, who disclosed this after the Monetary policy committee’s two-day meeting in Abuja on Friday, said the bank also planned to prosecute the owner of the platform, Olusegun Oniwinde.

Emefiele said: “I have given instructions to our experts to go after his website and let it be clear that we will go after him because we can’t allow this to continue.”

He noted that the CBN doesn’t recognise any forex market window besides the Investors and Exporters window.

A thorough check by Techeconomy Business Correspondent showed that the website, Aboki FX, was still up as of the time of filing this report.

The platform’s exchange rate report in the last couple of days showed that Naira has depreciated against the US dollar.

The exchange rate between Nigeria’s Naira and United States’ dollar as at today, Friday, September 17, stands at ₦570/$1 in the parallel market.

Also, NairaWatch can report that the exchange rate on Thursday, September 16, closed at ₦556/$1 in the parallel market.

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