Hardship: Tinubu Holds “Crucial” Meeting with Private Sector Leaders
President Bola Tinubu has convened a crucial meeting with key members of the organized private sector on Sunday at the Presidential Villa in Abuja.
Among the notable attendees were Alhaji Aliko Dangote, President of Dangote Group; Tony Elumelu, Chairman of Heirs Holding and Transcorp Plc; Abdulsamad Rabiu, Chairman of BUA Group; Wale Tinubu, and other prominent figures from the private sector.
The meeting took place against the backdrop of economic hardships facing Nigerians, exacerbated by the recent surge in the exchange rate of the naira against the dollar.
Excel Magazine International reports that the recent data from FMDQ revealed a depreciation of the naira to N1,665.50 per US dollar, compared to N1571.31 recorded on Thursday.
In related developments, the Central Bank of Nigeria has unveiled draft guidelines as part of a comprehensive policy intervention for Bureau De Change operators.
The proposed measures include a ban on street trading and the introduction of fresh per capita share requirements for registration.
