Bureau De Change operators have debunked reports that claim the dollar is now selling at N1,000 at parallel market.
A viral post X (formerly Twitter) on Wedneday, 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.”
However, the BDCs have denied selling FX at the quoted price.
“Dollar is selling at N1300/$1, not N1000 or N900,” Abubakar Abdusallam, who is more popular as Abdusallam BDC, said.
Recently, the Central Bank of Nigeria, CBN, offered to sell $10,000 to each BDC operator at N1,251/$.
The apex bank is expecting they would not to sell above N1,269/$, representing a margin of N18.
