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Dollar Not Selling at N1,000/$1, BDCs Debunk Viral Post
Posted by Thandiubani on Wed 27th Mar, 2024 - tori.ngRecently, the Central Bank of Nigeria offered to sell $10,000 to each BDC operator at N1,251/$.
Bureau De Change operators have debunked reports that the dollar is now selling at N1,000 at parallel market.
The fake news had trended on Twitter, according to Punch.
The X 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.”
However, a Punch correspondent reached out to “Abdusallam BDC” (Abubakar Abdusallam) on Tuesday in Abuja, and he denied selling FX at the quoted price.
“Dollar is selling at N1300/$1, not N1000 or N900,” he said.
Recently, the Central Bank of Nigeria offered to sell $10,000 to each BDC operator at N1,251/$.
The apex bank expects them not to sell above N1,269/$, representing a margin of N18.
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.
The President of the Bureau De Change Association of Nigeria, Aminu Gwadabe, could not be reached for statement as of the time of filing this report.
Details later…
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