Journalist claims he made a loss to protect Nigeria’s currency by refusing to change dollars at the black market rate

A journalist has claimed that he refused to change dollars at the official market rate even though his decision meant making a loss.

He explained that he took $500 to a Bureau De Change agent and asked to have it changed to Naira at the FMDQ rate of N763.53 per dollar even though the agents were changing at N1010 per dollar.

He explained rate he did this to protect the Naira.

He tweeted: “Took this $500 to Bureau de change. They said the rate is N1010/$1 which means I get N505,000. I rejected it & told him I would be changing at official FMDQ rate of N763.53/$1 so I got N381,765. I made a loss of N123,235 but it was worth it. Let’s protect our country and currency.”

Related: MUSIC: Olamide – Duro

Last updated: Just Now2026-01-14T16:13:57+01:00

Share On:

Nigerian / African Music Horlilar – Jeje ft. Malikiza

Gospel Music BBO – Amin

Gospel Music Moses Bliss – With My Name

Nigerian / African Music Syemca – Love Egbugomo ft. Chike

Nigerian / African Music Young Duu – Connection

Nigerian / African Music Sade Blaq – Fortune ft. Barry Jhay

Nigerian / African Music Fiokee – Iz Hawt 2.0 ft. Spyro, Jmani

Nigerian / African Music A-Reece – Before I Overthink

Nigerian / African Music Dotman – Choco Milo

Nigerian / African Music Choke Boi – Bend Am ft. Ruger, Fido