By Ogochukwu Isioma
The Senate on Wednesday extended an invitation to Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), to appear before it and explain why the naira has continued to depreciate daily.
This was following a motion sponsored by Olubunmi Adetunmbi, senator representing Ekiti North, at the plenary.
Contributing to the debate, Sani Musa, senator representing Niger East, said the naira would appreciate if the nation consume what it produce.
On her part, Biodun Olujimi, senator representing Ekiti South, said the CBN is not taking responsibility, having failed to defend the naira.
The Red Chamber, therefore, resolved to ask the Central Bank to stop the rapid decline of the value of the naira.
metrowatchxtra observed that on Friday, the naira fell at the parallel market to N710 per dollar amid higher dollar demand.
Details shortly…
