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Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 - Business - Nairaland

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Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Racoon(m): 5:41pm On Apr 18
The Central Bank of Nigeria (CBN) has denied selling foreign exchange (FX) to bureau de change (BDC) operators at the rate of N1,001/$1.

CBN, in a post on X on Thursday, said a circular claiming the apex bank announced the sale of $10,000 to BDCs at the rate of N1,001/$1 was “fake”.

According to the circular, the BDCs are required to sell to eligible end users with a margin of no more than 1.5 percent above the buying cost.

“We write to inform you of the sale of $10,000 by the Central Bank of Nigeria (CBN) to BDCs at the rate of N1001/$1,” the circular reads. The BDCs are in turn to sell to eligible end users at a spread of NOT MORE THAN 1.5 percent above the purchase price.

“ALL eligible BDCs are therefore directed to commence payment of the Naira deposit to the underlisted CBN Naira Deposit Account Numbers from today Monday, April 17, 2024, and submit confirmation of payment with other necessary documentation for disbursement at the appropriate CBN branches.”

Denying the content, CBN urged Nigerians to always refer to its website for authentic information.

https://www.thecable.ng/fake-news-alert-cbn-denies-selling-fx-to-bdcs-at-n1001-1/amp/

5 Likes 2 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by vowiski(m): 5:43pm On Apr 18
After depleting our foreign reserves

26 Likes 2 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Racoon(m): 5:44pm On Apr 18
So who do the nation believe in now? Why is nothing straightforward with government in this nation?

48 Likes 4 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by nedu666: 5:47pm On Apr 18
Agbado propaganda in the mud

58 Likes 4 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Racoon(m): 5:47pm On Apr 18
vowiski:
After depleting our foreign reserves
You mind these fraudulent people in government.

47 Likes 4 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Georgry(m): 5:48pm On Apr 18
Racoon:
So who do the nation believe in now? Why is nothing straightforward with government in this nation?


Wetin government come do for inside this fake news now? They just issued a disclaimer that it is a fake content, if you can't accept that then you can do anything you like.

29 Likes 3 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by EyeCumInPiece: 5:49pm On Apr 18
Thïefnubu's Govt and propaganda are like... 😂

66 Likes 4 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Chicagograduate(m): 5:50pm On Apr 18
Dollar no gree come down.

5 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Ofunaofu: 5:51pm On Apr 18
They have been caught up in their own propaganda.

12 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Raskimonojendor: 5:53pm On Apr 18
Some idiots are deliberately trying very hard to sabotage the economy with fake news.

65 Likes 2 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by helinues: 5:53pm On Apr 18
Yet to see where the official rate is N1,000 it was N1034 or so yesterday...

64 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Raskimonojendor: 5:54pm On Apr 18
Racoon:
So who do the nation believe in now? Why is nothing straightforward with government in this nation?
It's the handiwork of the Obidient headless mob. They are doing everything possible to try and create confusion and sabotage the economy because their agulu messiah lost the election.

Same way they were bitter about the progress of the Coastal Highway.

62 Likes 2 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by helinues: 5:56pm On Apr 18
Racoon:
You mind these fraudulent people in government.

Aren't you tired of this recycle screenshot?

How much debt have we serviced?

How much have the states been receiving as monthly Oyel money since government stopped paying fuel subsidy? This week alone, the foreign reserved increased by $600m according to CBN governor which more inflow expected

Where do all the increase in different ministry come from?

Make una stop this cheap propaganda.

75 Likes 2 Shares

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Xwizard: 6:05pm On Apr 18
You all are mad and keep getting mad
Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by NaijaCover(m): 6:05pm On Apr 18
Inukwa ooooo
Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Urgent1Million: 6:05pm On Apr 18
Nothing new.
I knew all along that it was propaganda as usual.

11 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by tommykiwi(m): 6:05pm On Apr 18
Propaganda govt.

8 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by greenermodels: 6:05pm On Apr 18
And it took them so long to deny it? I don't believe the government.

1 Like

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Racoon(m): 6:06pm On Apr 18
And the zombies are just whining on my mention like children that their biscuits were collected from them. You are calling sane people names. A government who have long made lies and propaganda official policies of government?

11 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Malroux: 6:06pm On Apr 18
helinues:
Yet to see where the official rate is N1,000 it was N1034 or so yesterday...
I'll sell you at 600/ dollar.

5 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by ecomalchemistt(m): 6:06pm On Apr 18
Okay
Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Eriggs: 6:07pm On Apr 18
All of you that are enemies of Nigeria and wish she fails ,
All of una no go ever die well.
That hatred that your fathers pass to una , na him go kill una pigs finish.
Animals

4 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by alanto: 6:07pm On Apr 18
helinues:


Aren't you tired of this recycle screenshot?

How much debt have we serviced?

How much have the states been receiving as monthly Oyel money since government stopped paying fuel subsidy? This week alone, the foreign reserved increased by $600m according to CBN governor which more inflow expected

Where do all the increase in different ministry come from?
P
Make una stop this cheap propaganda.
It's deliberate. They won't stop, they won't even slow down.

9 Likes 1 Share

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Queengee: 6:07pm On Apr 18
Camera quality can make some people look like you're not in their class, until you meet them in person

1 Like

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Max24: 6:07pm On Apr 18
Propagandists at work. Propaganda that Obi supporters can not do does not exist. They are desperate as they clutch at strays seeing Tinubu is working towards fulfilling his promises to Nigerians. They will eventually be disgraced

3 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Eriggs: 6:08pm On Apr 18
alanto:

It's deliberate. They won't stop, they won't even slow down.
.
You are right.
They are so stupid

2 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Judolisco(m): 6:08pm On Apr 18
Tinubu government is turning out better than I thought.... Dem no dey lie like d previous administration

3 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by shortgun(m): 6:08pm On Apr 18
Tinubu and his band of clueless associates have nothing to offer aside from propaganda, lies and balablu

5 Likes

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by sofeo(m): 6:08pm On Apr 18
Alright
Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by tabaralph: 6:08pm On Apr 18
Georgry:



Wetin government come do for inside this fake news now? They just issued a disclaimer that it is a fake content, if you can't accept that then you can do anything you like.
They are set of zombies,simple read and understand they can’t.

1 Like

Re: Fake News Alert: CBN Denies Selling FX To BDCs At ₦‎1,001/$1 by Blaze14k: 6:08pm On Apr 18
Georgry:



Wetin government come do for inside this fake news now? They just issued a disclaimer that it is a fake content, if you can't accept that then you can do anything you like.

So it could be one of the agbado propagandists trying to make the cbn look good

2 Likes

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