Economy
Bureau De Change Operators Dispel False Claims of Dollar Selling at N1,000
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/02/Naira-against-dollar.jpg&description=Bureau De Change Operators Dispel False Claims of Dollar Selling at N1,000', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/02/Naira-against-dollar.jpg&description=Bureau De Change Operators Dispel False Claims of Dollar Selling at N1,000', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
Contrary to rumors circulating on social media platform X (formerly Twitter), Bureau De Change (BDC) operators have rejected claims suggesting that the dollar is now being sold at N1,000 in the parallel market.
Recent reports on X alleged that the dollar was being sold at N1,000 in Abuja, particularly around Zone 4 near the Sheraton Hotel. However, upon thorough investigation, these claims were found to be unfounded.
Abubakar Abdusallam, also known as “Abdusallam BDC,” clarified that the actual selling price for the dollar was N1,300 per dollar, not the purported N1,000 or N900 as stated in the rumors.
Furthermore, a user on X, who was present at the alleged location, confirmed that no such transaction had taken place.
The Central Bank of Nigeria (CBN) recently permitted BDC operators to purchase dollars at a rate of N1,251 per dollar. However, the apex bank mandated them to sell at a maximum of N1,269 per dollar, maintaining a margin of N18.
An official statement from Aminu Gwadabe, the President of the Bureau De Change Association of Nigeria, is anticipated later today.
The Black Market Dollar-to-Naira Exchange Rate for 21st May 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 21st May 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦11399 and buy at ₦1386 on Thursday, 21st May, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1399
Buying Rate ₦1386
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1374
Lowest Rate ₦1372
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates.
The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
The Central Bank of Nigeria (CBN) on Wednesday retained its benchmark interest rate at 26.5 percent following the conclusion of its two-day Monetary Policy Committee (MPC) meeting, a decision largely anticipated by analysts who expected policymakers to maintain the status quo.
CBN Governor Olayemi Cardoso said the committee decided to keep rates unchanged amid caution over global shocks, particularly uncertainties stemming from developments in the United States and the ongoing conflict in the Middle East.
The decision highlights the MPC’s cautious stance as policymakers seek to balance the need to rein in inflationary pressures and anchor market expectations while sustaining economic recovery.
Data from the National Bureau of Statistics (NBS) showed that Nigeria’s headline inflation rate continued its upward trend in April 2026, rising by 31 basis points to 15.69 percent year-on-year from 15.38 percent recorded in March.
The latest increase marks the second consecutive monthly rise in headline inflation, reversing the disinflationary trend that had persisted for 11 months and pushed inflation down from 34.8 percent in late 2024 to 15.06 percent in February 2026.
“While prevailing inflationary risks may justify a cautious policy posture by the MPC, the CPPE strongly urges the monetary authorities to avoid excessive reliance on monetary policy orthodoxy in managing what is fundamentally a structurally-driven inflation environment,” said Muda Yusuf, chief executive officer of the Centre for the Promotion of Private Enterprise.
Dollar To Naira Exchange Rate Today 27 January 2023(Black Market)
The Black Market Dollar-to-Naira Exchange Rate for 20th May 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 20th May 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦11400 and buy at ₦1385 on Wednesday, 20th May, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1385
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1374
Lowest Rate ₦1370
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
Imo North chooses experience: Araraume’s primary election win and what it means, By Sufuyan Ojeifo
Dhamma Perfumes, CEO, Obi Ubaka Explains How To Succeed In Fragrance Business
Trump Admin orders Nigerians, other green card applicants to return home for residency processing
-
News9 hours agoPopular Rap Star Dies After Battling Cancer
-
News8 hours agoEx-Gov Abubakar, Halliru Jika emerge APC, ADC guber candidates in Bauchi
-
News8 hours ago2027: I’m not avoiding Atiku – Peter Obi
-
News8 hours ago2027: Saraki Unveils Kawu as Kwara PDP’s guber Consensus Candidate
-
News9 hours ago“You can’t meet El-Rufai” – ICPC bars ADC
-
News6 hours agoDr. Olotu Akpodiete Chairs Iwhreko Primary School 3rd Annual Athletics & Send Forth Ceremony
-
Sports6 hours agoEPL: Fernandes Announced Premier League Player of the Season
-
News8 hours agoEdo South primaries: APC Leadership presents, Senatorial Candidate Hon. Ogbeide-Ihama to Oba of Benin who prayed for him while sueing for peace(Photos)