Bureau De Change operators contradict a viral report claiming that the dollar is now being sold at N1,000 at the parallel market, stating that it is not true.
There are reports on X suggesting that the dollar is being sold at N1,000 in Abuja.
A post on X stated, “This morning, at Zone 4 Abuja, along the Sheraton Hotel, the dollar is being sold at N1,000 – $1. Abdulsalam BDC is selling N900 if buying over $5,000.
“There is a rush to sell dollars at Zone 4. The dollar in the parallel market is currently selling at a lower price than the official market.”
However, our correspondent contacted “Abdusallam BDC” (Abubakar Abdusallam) on Tuesday in Abuja, and he denied selling FX at the quoted price.
He stated, “Dollar is being sold at N1300/$1, not N1000 or N900.”
The Central Bank of Nigeria recently offered to sell $10,000 to each BDC operator at N1,251/$.
The apex bank expects them not to sell above N1,269/$, representing a margin of N18.
An X user, whose real name could not be identified, also dismissed the rumor, clarifying that there was no such transaction at Sheraton Hotel Zone 4.
“I was at Zone 4 this morning, and there was nothing like that. This is fake news,” the user stated.
As of the time of filing this report, the President of the Bureau De Change Association of Nigeria, Aminu Gwadabe, could not be reached for comment.
Details later…
