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JUST IN: Tinubu Holds Crucial Meeting With Dangote, Elumelu, others In Abuja

President Bola Ahmed Tinubu had a “crucial” meeting with some members of the organised private sector on Sunday.

The meeting was held at the Presidential Villa in Abuja on Sunday, February 25, 2024.

Those in the meeting include Alhaji Aliko Dangote, President, Dangote Groups; Tony Elumelu, Chairman, Heirs Holding and Transcorp Plc; Abdulsamad Rabiu, Chairman, BUA Group; Wale Tinubu, and other members of the private sector.

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This is coming amid the economic hardship confronting Nigerians.

The current hardship is occasioned by the rise in the exchange rate of dollars to naira

Recall that at the close of work on Friday, FMDQ data showed that the naira depreciated to N1,665.50 per US dollar from N1571.31 on Thursday.

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Meanwhile, the Central Bank of Nigeria announced draft guidelines in a sweeping policy intervention for BDCs, including a ban on street trading and a fresh per capita share requirement for registration.

In a statemnt on Friday titled; “‘Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria’, the Financial Policy and Regulation Department of the CBN headed by Haruna B Mustafa detailed what is now expected of BDCs in Nigeria.

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