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Naira Exchange Rate Black Market – Nigerians In The Dark


It seems Nigerians as well as those looking for the current black market exchange rate of the naira to the popularly traded currencies; dollar, euro, and pounds have no easily accessible means of getting such information

Shortly after the Central Bank of Nigeria – CBN, under the direction of Governor Emefile, ordered the immediate closure and prosecution of Aboki Fx, a website that gives daily updates on the naira exchange rate to the major currencies, and its owner, another replacement – Meffyfx, came up to quickly feel the space.

However, checks on Meffyfx website reveals that the online platform is not accessible anymore.

We don’t know if it is a technical fault or the CBN have also set their eyes on them.

People looking for the current naira exchange rates now resort to calling various black market operators to get their rates, before they determine the average market rate.

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