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Website Blamed by Nigeria for Naira Fall Suspends Rate Tracking

  • Central bank links Abokifx to recent currency volatility
  • Naira has fallen 13% against the the dollar in two months

A website that publishes exchange rates for Nigeria’s naira is “temporarily” suspending the service after the African nation’s central bank accused it of manipulating prices.

Abokifx, which has become known as a reliable source for exchange rates in Nigeria’s unauthorized parallel currency market, will no longer track rates “until we get better clarity of the situation,” it said in a statement.