In contrast to the circulating rumor on X (formerly Twitter), Bureau De Change operators have refuted claims of the dollar reaching N1,000 at the parallel market.
There have been widespread claims on X suggesting that the dollar is currently trading at N1,000 in Abuja.
According to the X post, “This morning, at Zone 4 Abuja, near the Sheraton Hotel, the dollar is priced at N1,000 – $1. Abdulsalam BDC offers a rate of N900 for purchases exceeding $5,000.”
“There’s a mad rush to dispose of dollars at Zone 4. The dollar in the parallel market is presently selling at a lower price than the official market.”’
However, our correspondent contacted “Abdusallam BDC” (Abubakar Abdusallam) on Tuesday in Abuja, and he refuted the notion of selling foreign exchange at the quoted price.
“Dollar is selling at N1300/$1, not N1000 or N900,” he said.
Lately, the Central Bank of Nigeria has extended an offer to sell $10,000 to every Bureau de Change (BDC) operator at a rate of N1,251 per dollar.
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The central bank anticipates that they will refrain from selling above N1,269 per dollar, with a margin of N18.
Moreover, an individual identified as X, whose true identity remains unknown, refuted the rumor, asserting that they were present at the specified location (Sheraton Hotel Zone 4) and no such transaction took place.
“I was at Zone 4 this morning, and there was nothing like that. This is fake news,” he said.
As of the time of filing this report, attempts to reach Aminu Gwadabe, the President of the Bureau De Change Association of Nigeria, for a statement were unsuccessful.
