By John Ikani
The Dollar rose to between N572 and N575 in different parts of the country on Monday, barely two days after online platform, aboki FX, stopped providing updates on the exchange rate.
Heritage Times gathered that the Naira on Monday exchanged N575 to the dollar at three different markets in Lagos, the country’s commercial nerve centre.
Last week, Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), said the only recognized foreign exchange market is the Importers and exporters (I&E) FX window.
The CBN chief also accused the online foreign exchange update platform, Aboki FX, of manipulating the forex market.
Emefiele, had said the apex bank would shut down the operations of aboki FX which it described as illegal.
Subsequently, aboki FX in a statement on Friday said it would no longer publish exchange rates taunting with a clause: “We sincerely hope this suspension will lead to the Naira appreciation from next week”.
