Contrary to circulating reports on X (formerly Twitter), Bureau De Change operators have refuted claims that the dollar is now being sold at N1,000 in the parallel market.
There have been widespread reports on X indicating that the dollar is trading at N1,000 in Abuja.
A post on X stated, “This morning, at Zone 4 Abuja, along the Sheraton Hotel, the dollar is selling at N1,000 – $1. Abdulsalam BDC is selling N900 if buying over $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, upon reaching out to “Abdusallam BDC” (Abubakar Abdusallam) in Abuja on Wednesday, he categorically denied selling foreign exchange (FX) at the quoted price. “The dollar is selling at N1300/$1, not N1000 or N900,” he clarified.
Recently, the Central Bank of Nigeria offered to sell $10,000 to each BDC operator at N1,251/$.
An X user, whose real identity remains unknown, also dismissed the rumor, affirming that he was present at the location (Sheraton Hotel Zone 4) and witnessed no such transaction. “I was at Zone 4 this morning, and there was nothing like that. This is fake news,” he asserted.
As of the time of filing this report, attempts to reach the President of the Bureau De Change Association of Nigeria, Aminu Gwadabe, for comment were unsuccessful.
