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.