AbokiFX continues updating currency rates now that Emefiele is in DSS custody

The portal is now publishing parallel market rates for the naira in dollars, pounds, and euros.AbokiFX, an online portal that publishes daily foreign currency rates on the parallel market, has reopened nearly two years after it was put on hold owing to a public spat with Godwin Emefiele, the embattled governor of the Central Bank of Nigeria (CBN).Emefiele accused the site of harming the Nigerian economy in September 2021 by broadcasting speculative black market prices in order to influence the system. However, with Emefiele now facing corruption allegations and being held in the custody of the Department of State Services (DSS) for weeks, AbokiFX resumed operations in July 2023. The portal is now publishing parallel market rates for the naira in dollars, pounds, and euros. AbokiFX cultivated a reputation as the most reliable unofficial platform which tracked black market forex trade when Nigeria operated a chaotic multiple forex markets system. Following his May 29 inauguration, President Bola Tinubu unified the markets in June shortly after he suspended Emefiele over unclear corruption allegations. The official is yet to be charged to court and has made attempts to regain his freedom while investigations continue.