Market News
Abokifx shuts down on heavy load - BUSINESSDAY
BY Hope Moses-Ashike
Abokifx, an online platform that collates exchange rates, has shut down its website and could not display exchange rates due to what it described as heavy load.
“This website is under heavy load (queue full)
We’re sorry, too many people are accessing this website at the same time. We’re working on this problem. Please try again later,” the message on the website reads.
Abokifx resumed its live exchange rate publication in July 2023 after the suspension of Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN).
The online forex trading platform had suspended its operations after the CBN placed its owners on investigation.
Naira on Tuesday fell to a record low of N1,310 per dollar following strong demand on the parallel market, also known as the black market.
This represents 6.07 percent (N75) weaker than N1,235 recorded at the close of trading on Monday.
Naira on Tuesday lost 6.86 percent after strengthening against the dollar by 1.85 percent on Monday at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
