{"id":69251,"date":"2022-07-27T18:08:48","date_gmt":"2022-07-27T17:08:48","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/senate-summons-cbn-boss-emefiele-over-naira-depreciation"},"modified":"2022-07-27T19:54:00","modified_gmt":"2022-07-27T18:54:00","slug":"senate-summons-cbn-boss-emefiele-over-naira-depreciation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation","title":{"rendered":"Senate summons CBN boss Emefiele over naira depreciation"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Senate has summoned Godwin Emefiele, the Governor of the Central Bank of Nigeria, over the depreciation of the naira.<\/p>\n

Reports revealed the United States dollar exchanged for N658 in the parallel market on Wednesday.<\/p>\n

The depreciation of the naira fuelled the lawmakers\u2019 decision to invite Emefiele following a motion by Olubunmi Adetunmbi, Senator representing Ekiti North.<\/p>\n

Contributing to the debate, Sani Musa, Senator representing Niger East, said the naira would appreciate only if the country becomes a productive one.<\/p>\n

Musa said, \u201cLet\u2019s eat what we have; let\u2019s do with what we have. Naira will continue to appreciate until we start manufacturing.\u201d<\/p>\n

Similarly, Biodun Olujimi, Senator representing Ekiti South, accused the CBN of not taking responsibility which led to the crash of the naira.<\/p>\n

Olujimi said, \u201cSomeone should be able to say I have failed, and that is the CBN.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Senate has summoned Godwin Emefiele, the Governor of the Central Bank of Nigeria, over the depreciation of the naira. Reports revealed the United States dollar exchanged for N658 in the parallel market on Wednesday. The depreciation of the naira fuelled the lawmakers\u2019 decision to invite Emefiele following a motion by Olubunmi […]<\/p>\n","protected":false},"author":84,"featured_media":69250,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,8139,254,53],"class_list":["post-69251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-cbn-boss-emefiele","tag-nigeria","tag-senate"],"yoast_head":"\nSenate summons CBN boss Emefiele over naira depreciation - Nigeria<\/title>\n<meta name=\"description\" content=\"The Senate has summoned Godwin Emefiele, the Governor of the Central Bank of Nigeria, over the depreciation of the naira ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senate summons CBN boss Emefiele over naira depreciation\" \/>\n<meta property=\"og:description\" content=\"The Senate has summoned Godwin Emefiele, the Governor of the Central Bank of Nigeria, over the depreciation of the naira ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-27T17:08:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-27T18:54:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/07\/postQueueImg_19-62e189ade6f43.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Senate summons CBN boss Emefiele over naira depreciation\",\"datePublished\":\"2022-07-27T17:08:48+00:00\",\"dateModified\":\"2022-07-27T18:54:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation\"},\"wordCount\":162,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/07\/postQueueImg_19-62e189ade6f43.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"CBN boss Emefiele\",\"Nigeria\",\"senate\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-summons-cbn-boss-emefiele-over-naira-depreciation\",\"name\":\"Senate summons CBN boss Emefiele over naira depreciation - 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