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President Bola Ahmed Tinubu, in response to the escalating economic challenges facing Nigerians, convened a high-profile meeting on Sunday at the Presidential Villa in Abuja, featuring key figures from the organised private sector.
Among the prominent attendees were Alhaji Aliko Dangote, President of Dangote Group; Tony Elumelu, Chairman of Heirs Holdings and Transcorp Plc; Abdulsamad Rabiu, Chairman of BUA Group; Wale Tinubu, and other influential members of the private sector.
On Friday, FMDQ data showed that the naira depreciated to N1,665.50 per US dollar from N1571.31 on Thursday.
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.