Online exchange rate service provider, AbokiFX, on Friday said it had temporarily suspended exchange rate updates on all its platforms.
“Final rates have been posted this evening but the AbokiFX news section and the Crypto rates section will still be active,” the firm said after its operations were criticised by the Central Bank of Nigeria.
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It said, “All allegations against our director have yet to be confirmed but we at abokiFX do not trade FX or manipulate parallel market rates.
“Outside the media allegation, we have not received any communication from any government body and our accounts are not closed as stated by the media.
“AbokiFX is fully functional but we will not be publishing any form of rates on our platforms for now.
“We sincerely hope this suspension will lead to the Naira appreciation from next week.”
“With our decision to temporarily suspend online rate publication, we are aware that there will be limited visibility of parallel rates information which will impact decision making for many,” the company added.