Bureau De Change operators have countered the ongoing rumour on X [formerly Twitter] concerning the alleged crash of the dollar against the Naira.
The BDC operators said there was no truth in reports that the dollar is now selling at N1,000 at the black market.
A contentious X post earlier in the day had 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, Abdusallam BDC has denied selling FX at the quoted price.
“Dollar is selling at N1,300/$1, not N1,000 or N900,” the operator 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 that there was no such exercise going on.
“I was at Zone 4 this morning, and there was nothing like that. This is fake news,” he said.
