Abuja - Godwin Emefiele, the governor of the Central Bank of Nigeria has arrived at the Senate to answer questions over the continued free fall of the naira against international currencies.
The senators had on Thursday summoned Emefiele following a point of order raised by the Senate Leader, Ali Ndume on the exchange rate.
Ndume said the CBN Governor will brief the Senate during plenary on why the naira has continued to fall against foreign currencies.
Also read: Senate summons CBN Governor to explain Naira fall
Ruling on Ndume’s submission, the Senate President, Bukola Saraki, directed the Senate Leader to convey the resolution to the CBN governor.
The Naira has continued to come under pressure against the dollar, as Brent crude price continues to decline.
The oil price declined to $35 per barrel on December 11, its lowest price since February 2009.
More to follow
- News 24