President Bola Tinubu convened a significant meeting on Sunday with members of the organised private sector. The meeting took place at the Presidential Villa in Abuja.

Prominent figures in attendance included 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 distinguished individuals from the private sector.

The meeting took place against the backdrop of the economic difficulties faced by Nigerians, primarily due to the increase in the exchange rate between the dollar and the naira.

Recent data from FMDQ revealed that the naira depreciated to N1,665.50 per US dollar at the close of business on Friday, compared to N1,571.31 on Thursday.

In relation to these challenges, the Central Bank of Nigeria has announced draft guidelines encompassing a comprehensive policy intervention for Bureau de Change (BDC) operators. The guidelines include a ban on street trading and the introduction of new per capita share requirements for registration.