Dollar not selling at N1,000/$1 – BDC operators

Bureau De Change (BDC) operators have debunked reports that the dollar is now selling at N1,000 at the parallel market.

Reports making the rounds on X (formerly Twitter) claimed on Wednesday that the dollar is now selling at N1,000 in Abuja.

One post read, “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.”

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According to an operator, the dollar has not dropped to that level, “Dollar is selling at N1300/$1, not N1000 or N900,” he said.

An X user, whose real name could not be ascertained, also debunked the rumour, stating that he was at the location (Sheraton Hotel Zone 4) and there was no such transaction.

“I was at Zone 4 this morning, and there was nothing like that. This is fake news,” he said.