Is Dollar Now Selling at N1,000 /$1? Here's What You Need To Know

 Despite the circulating report on X (formerly Twitter), Bureau De Change

operators have refuted claims that the dollar is now trading at N1,000 in the parallel market.

Recent reports on X suggested that the dollar was being sold at N1,000 in Abuja. According to the X post, "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, upon reaching out to "Abdusallam BDC" (Abubakar Abdusallam) in Abuja, our correspondent received a denial regarding the quoted price. Abdusallam clarified, "Dollar is selling at N1300/$1, not N1000 or N900."