Thursday, February 2, 2023
No Result
View All Result
MoreBranches
-18 °c
  • News & Developments
  • Pop Culture
  • Music & Playlists
  • Technology
  • Fashion
  • Sex
  • Business & Entrepreneurship
  • Visual +
    • Art
    • Film
    • Photography
  • News & Developments
  • Pop Culture
  • Music & Playlists
  • Technology
  • Fashion
  • Sex
  • Business & Entrepreneurship
  • Visual +
    • Art
    • Film
    • Photography
No Result
View All Result
MoreBranches
No Result
View All Result
Home Featured

AbokiFX suspends publishing of daily foreign exchange rates

by More Branches.
September 17, 2021
in Featured, News & Developments
0 0
0
AbokiFX
0
SHARES
197
VIEWS
Share on FacebookShare on Twitter

In the late hours of September 17, 2021, foreign exchange rate publishing platform, AbokiFX published a statement on Twitter, saying it will suspend publishing of daily foreign exchange rates, following allegations of “Economic Sabotage” from the Central Bank of Nigeria. This development comes after a series of images circulated on social media on September 16, which pictured the CBN requesting the account statements of AbokiFX and its owner, Oniwinde Adedotun, as well as a number of high profile secondary schools in Nigeria.

Shit about to get real. They’ve come for abokifx pic.twitter.com/LQwBzs3hsU

— 0xManasseh (@knightofdelta) September 16, 2021

There are speculations that the central bank of Nigeria intends to redeploy a similar tactic to 2016 when it unified the Dollar/Naira rates to $366/N1 from $500/N1. Some see this development as an attack on freedom of the press, while others see this as a move that will heal Nigeria’s steadily depreciating economy.

If CBN simply keeps silent, funds the market at a predetermined, predictable basis, it helps the Naira.

If I wake up and read CBN is allegedly asking for Domm account details of my kids school, I will go withdraw my $ in Domm ac & wait.

Preception is everything pic.twitter.com/llxUXsIqHT

— Kalu Aja (@FinPlanKaluAja1) September 16, 2021

Read AbokiFX’s statment below

OUR POSITION pic.twitter.com/LpOtk76PvJ

— abokiFX (@abokifx) September 17, 2021

Read more – Why AbokiFX is being investigated for “Economic Sabotage” – Nairametrics

Tags: nigerianigerian news
More Branches.

More Branches.

Next Post
Seven Fresh Fashion Brands In Lagos You Should Be Wearing

Seven Fresh Fashion Brands In Lagos You Should Be Wearing

Recommended

Phreeborn Makes an Intro with Aphro Love Ep Debut

Phreeborn Makes an Intro with Aphro Love Ep Debut

1 year ago
Idris Elba, Lady Gaga & Burna Boy will headline Global Citizen’s ‘One World: Together At Home’ concert.

Idris Elba, Lady Gaga & Burna Boy will headline Global Citizen’s ‘One World: Together At Home’ concert.

3 years ago

Popular News

  • Seyi Vibez

    Seyi Vibez’ “Memory Card” EP Review: An Intentional Execution

    0 shares
    Share 0 Tweet 0
  • On “Call Of Duty,” Zinoleesky sticks to his guns, but is change inevitable?

    0 shares
    Share 0 Tweet 0

Connect with us

  • About Us
  • Contact Us
Email Us: editor@morebranches.com

© 2021 MoreBranches

No Result
View All Result
  • News & Developments
  • Pop Culture
  • Music & Playlists
  • Technology
  • Fashion
  • Sex
  • Business & Entrepreneurship
  • Visual +
    • Art
    • Film
    • Photography

© 2021 MoreBranches

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In