Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,173,880 members, 7,889,929 topics. Date: Monday, 15 July 2024 at 03:09 AM |
Nairaland Forum / Nairaland / General / Business / AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) (41573 Views)
One Month After AbokiFX Shutdown, Naira Fails To Rise / CBN Confirms Investigation Of Oniwinde Adedotun, Abokifx Founder / CBN Shuts Down AbokiFX Bank Accounts (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by onegig(m): 7:33pm On Sep 17, 2021 |
This is classless by Emefiele but i agree with the CBN's decision to close down AbokiFx. The question we should ask ourselves is. Where does AbokiFx get their information from? How is it aggregated? What are their sources? What processes go into vetting the details? Do they have independent auditors? Someone can't abitrarily sit down in the corner of their house and determine the exchange rate of a whole nation. What stops AbokiFx owner, his friends and family from buying millions worth of $ at a price today and 3 days later hike the rates on their site only to resell at insane profits. They can do this rinse and repeat by just manipulating the numbers. How wpuld you the layman on the street verify such? That's a federal and financial crime which can be liable to more than 20years in prison. There's absolutely nothing pushing prices of dollar from 490 to 570 in the space of a month except speculation. No fundamental indicators, nothing . Not like the country defaulted on some big bad loans or we just experienced a magnitude 10.0 scale earthquake destroying parts of the country. So what has been driving the prices up if not some players manipulating the market? 13 Likes |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Awoleesu(m): 7:33pm On Sep 17, 2021 |
myrrtle: |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by imustyan: 7:35pm On Sep 17, 2021 |
I always laugh when I hear the CBN say things like "get fix from the banks" Banks do not give companys FX! Apply for FormA and wait almost 10months for it to go through (if at all). Imagine 10 months... for businesses that need it monthly, where will companies get the FX if not black market. 5 Likes 1 Share |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by TenQ: 7:35pm On Sep 17, 2021 |
Swealy:They think everyone is dunce like themselves. |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by JAWBONE(m): 7:37pm On Sep 17, 2021 |
DubaiLandLord1: You obviously have zero economic knowledge Do You think Macho man approach can solve economic problems 3 Likes |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by upengineer: 7:38pm On Sep 17, 2021 |
The last time I checked, www.abokifx.com is a privately owned website and the owner of the page usually put an addendum at the bottom of the page. I never heard that he forced anyone to accept his rate. Why is CBN blaming him. Most of the street sellers don't know who abokifx.com is. It is not only abokifx.com that gives rates, there are other websites too that displays exchange rate, Why is CBN governor engaging only abokifx.com. CBN governor should come up with a better way of handling the situation 14 Likes |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Jetland(m): 7:38pm On Sep 17, 2021 |
DubaiLandLord1:You have problems 1 Like |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Nobody: 7:38pm On Sep 17, 2021 |
DubaiLandLord1: You are correct, abokifx is acting like a central bank on its own. Fixing price and calling price, even remittance apps and xe.com all follow the official CBN rates What aboki fx is doing is what we call economy sabotage 1 Like |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by henryobinna(m): 7:39pm On Sep 17, 2021 |
Paxxcarl:on paper this seems to be the solution but in reality it won't work because the problem is bigger. See the demand for dollars is higher than what the CBN can supply. If the CBN lifts the limit already placed on the amount of the dollar businesses are allowed to get, the CBN would quickly run out of dollars which would result in a much wores crisis than what we have because there won't be a single dollar. Anyone available would be sold at a premium price. The reason the CBN doesn't have enough dollars is because the country in general doesn't earn enough dollars. Remember a huge chunk of it is already being used for importation of crude oil products. Baba the problem is big and it didn't start today. It's a result of the decades long mishandling of the economy. 5 Likes |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Newboss(m): 7:40pm On Sep 17, 2021 |
DubaiLandLord1: He is not speculating about exchange rate. He does market research on how much aboki sold and bought foreign currencies on specific dates. Even newspapers do the same every day. It's simple data analysis. BDC is established and licenced in Nigeria to deal on foreign currencies. CBN does not sell to them, hence they decide how much to buy and sell. Abokifx simply publishes what it heard from the street. 7 Likes 1 Share |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by CyberWolf: 7:40pm On Sep 17, 2021 |
Instead of this idiot to approach the National Assembly to enact a law prohibiting BDC, you are there capping nonsense. You banned BDC yet they are there in their thousands in the heart of FCT, Sheraton Hotel area to be precise, right under your nose.... We like deceiving ourselves so much in this country. 5 Likes |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Nobody: 7:40pm On Sep 17, 2021 |
upengineer: Who told most of the aboki don't know about abokifx,that's is where they check rates. If international remittance apps can follow the cbn official rate, then who is abokifx, they are sabotaging government efforts in having a unified exchange rate |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Nobody: 7:40pm On Sep 17, 2021 |
DubaiLandLord1: Then why do they still keep selling to the same black market traders? |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Nobody: 7:43pm On Sep 17, 2021 |
BetBuilder365: They have banned sales to the black market, they are now illegal |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Depressed101: 7:43pm On Sep 17, 2021 |
DubaiLandLord1:tell that cbn to provide fx for us and not for his friends and cronies.. Tell him also to sanction banks as well because they don't give us fx as much as is needed, tell him to tell the banks to remove the $100 cap on ordinary Nigerians 4 Likes 1 Share |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by KazikageSama: 7:44pm On Sep 17, 2021 |
post=105915012: Did you really call it speculation Sir? No, the figures are not speculated, they are actual figures based on input from sellers and buyers. That I can tell you. Also, CBN freezing his account to attack the website makes no logical sense. If you have a case against the website, then approach a court of competent jurisdiction and request for the site to be flagged down or blocked. 4 Likes 1 Share |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Nobody: 7:45pm On Sep 17, 2021 |
Newboss: BDC is now illegal. So abokifx is doing market research from the wrong sources. I understand that the sites compiles different exchange rates of different bdcs but at this moment since bdcs are banned, what abokifx is doing is illegal 1 Like |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Depressed101: 7:45pm On Sep 17, 2021 |
captainamiedi1:why is our dollar spending capped at $100,? The questions and problems are countless, but abokifx.com is not one of them 2 Likes 1 Share |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by shiwex: 7:46pm On Sep 17, 2021 |
uptownmusic:What sense? Explain? Is Nigeria the only country with such websites? |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by DrOladipo: 7:47pm On Sep 17, 2021 |
I believe AbokiFx aggregates data from various sources and publishes it. The question is if there is an issue of data integrity then the CBN has every right to bring them to book. I buy online and report what I was charged through my bank to Abokifx and he publishes it how is that a problem? A scenario which is not directly related to this is John Hopkins Hospital publishing Corona Virus related outbreak data (Death, recovery, vaccination etc) in the USA, as much as these reports create a lot of panic are we going to say getting their data from local health departments and hospitals is wrong? Our government need to channel energies appropriately. Go after the real saboteurs! 2 Likes |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by JohnSin97: 7:47pm On Sep 17, 2021 |
The stupid emefile won't say this thrash if aboki fx was owned by a northerner. 2 Likes |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by SarkinYarki: 7:49pm On Sep 17, 2021 |
DubaiLandLord1: You are not very smart 1 Like |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Ayemileto(m): 7:49pm On Sep 17, 2021 |
DubaiLandLord1: It's not speculations sha, because even some banks use 570/$, and as a matter of fact, they list rates for different banks and from personal experiences, the rates quoted for different banks are usually correct. |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by JohnSin97: 7:51pm On Sep 17, 2021 |
Nairaland is full of apes. Jisus fvck |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Depressed101: 7:52pm On Sep 17, 2021 |
rajiedreez:oga abokifx.com is not a bdc. They go to the street, and find out how much fx is sold for everyday and post on their website, it's cbn you have to ask why the rate on their website is different from what aboki sells on the street... Until emefiele answers that question he still remains the most wicked cbn governor I have ever known... 1 Like |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by pipnator00(m): 7:54pm On Sep 17, 2021 |
So na one website wey we barely know be our problem Oga CBN Gov? I think you can do better than this! If we had floated the Naira when dollar around 1$ to 300NGN, maybe the price would have stablized by now around 600NGN to 1$ and CBN wouldnt have more problems. But for now, due to accumulated demands for dollars over the years, if we should float the Naira now.. It will surely hit NGN1500 to 1$. No matter how we keep postponing this, (the pressure on Naira is too much) we will evetually suffer pain of heavily undervalued Naira due to floating. Naira will eventually float but mehn, e go rough!!! Everyone buckle your shoes because e no go easy!!!! 1 Like |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by CyberWolf: 7:57pm On Sep 17, 2021 |
thebosstrevor1:It's illegal yet they operate in the their thousands in the heart of FCT and other States unhindered? Who is deceiving who? |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by CrazyGranddad(m): 7:57pm On Sep 17, 2021 |
Why not ban abokifx the way Twitter was banned? |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Newboss(m): 7:57pm On Sep 17, 2021 |
thebosstrevor1: BDC is NOT illegal. You can check that again. CBN just no longer sells currencies to BDC. BDC source for their own currencies. Abokifx is about BDC rates. Hence, not wrong source. 1 Like |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by AsawanaDgreat: 7:59pm On Sep 17, 2021 |
Fight as per AJ, Wilder, or Fury |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Ezmans: 7:59pm On Sep 17, 2021 |
DubaiLandLord1:majority of them are from Niger republic |
Re: AbokiFX: Emefiele To Oniwinde Adedotun “Come Let's Fight” (Video) by Aboguede(m): 8:00pm On Sep 17, 2021 |
Shamful write up You actually wanted to sound intelligent but the shame u just omitted is smelling GeorgeTheCoder: |
(1) (2) (3) (4) (5) (6) (7) (Reply)
Oyinlola Market In FESTAC Demolished Without Warning, Shops Looted / See How God Has Blessed And Transformed This Mans Business Within 10 Years / Dangote Opens One-stop Shop In Onitsha
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 55 |