Contrary to the report making the rounds on X (formerly Twitter), Bureau De Change operators said there was no truth In reports that the dollar is now selling at N1,000 at parallel market.

There have been rending reports on X that dollar is now selling at N1,000 in Abuja.

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.

Theres 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, our correspondent reached out to Abdusallam BDC (Abubakar Abdusallam) on Wednesday 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.(The PUNCH)