Dollar Not Sold By BDCs At N1,000/$1.

Bureau De Change (BDC) operators have refuted rumors circulating on social media platforms such as Facebook and X (formerly Twitter) that a US dollar was worth between N900 and N1,000 in Abuja on Wednesday. These stories have been labeled as false propaganda.

The dollar was reportedly selling for N1,000 at the Wuse Zone 4 district headquarters of the FX parallel market in Abuja, according to posts that became popular on Facebook and X.

"This morning, at Zone 4 Abuja, along the Sheraton Hotel, the dollar is selling at N1,000 – $1," stated the widely shared false tweet. If you purchase more than $5,000, Abdulsalam BDC is selling N900.

“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.”

With the Naira strengthening against the foreign currency at N1,000/$1, some social media users mocked FX speculators in the post's comment sections, threatening to punish them for hoarding dollars.

But on Wednesday afternoon, when our correspondent went to the heart of the parallel market in Wuse Zone 4 in Abuja, the situation was the opposite. LEADERSHIP reported.