Contrary to rumours circulating on social media platform X (formerly Twitter), Bureau De Change (BDC) operators have refuted claims that the dollar is now selling at N1,000 at the parallel market.

Reports had emerged on X alleging that the dollar was sold at N1,000 in Abuja, particularly around Zone 4 near the Sheraton Hotel. However, upon investigation, it was found that these claims were false.

Abubakar Abdusallam, popularly known as “Abdusallam BDC,” clarified that the dollar sold at N1,300 per dollar, not N1,000 or N900 as claimed in the rumour.

Additionally, a user on X, who was present at the alleged location, confirmed that no such transaction had occurred.

The Central Bank of Nigeria (CBN) recently allowed BDC operators to purchase dollars at the rate of N1,251 per dollar. However, the apex bank directed 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 expected later today.