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Dollar panic sales hit Abuja BDCs

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Dollar To Naira Forex Exchange Rates

Some Bureau De Change operators (BDCs) on Wednesday reportedly sold a dollar for N1000 in Abuja.

The social media user claimed currency exchangers had flooded the sales location at Zone 4 Abuja, along the Sheraton Hotel.

Abdulsalam BDC sold for N900 to bulk exchangers buying over $5000.

Chronicle NG could not verify these claims with video evidence that the said parallel market was selling at a lower price than the official market.

One Duchess Abboud posted on X (formerly Twitter): “This morning, at Zone 4 Abuja, along the Sheraton Hotel, the dollar is selling at N1,000 to $1. Abdulsalam BDC is selling N900 if buying over $5000″.

She added, “There’s a mad rush to dispose of dollars at Zone 4. The $ in the parallel market is presently selling at a lower price than the official market.”

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