SENATE TO INVITE EMEFIELE OVER NAIRA DEVALUATION
Written by Website Admin on July 27, 2022
The Senate has said it would summon the governor of the Central Bank of Nigeria, Godwin Emefiele, over inflation and naira devaluation which had led Nigerians to more hardship.
The senators, during plenary lamented that the United States dollar to naira had now risen to N700 which was very sad and calls for immediate attention.
According to reports, the exchange rate between the naira and the US dollar has fallen beyond the N700/$1 threshold at the parallel market on Wednesday.
Naira has been under pressure in the past two weeks, falling from an average of N618 to a dollar recorded two weeks ago.