Senate summons Emefiele over inflation, devaluation

Senate summons Emefiele over inflation, devaluation
The Nigerian Senate on Wednesday decided to summon Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over rising inflation and naira devaluation which continue to plunge Nigerians into hardship.
Stakeholders in key sectors of the economy expressed worry over the free fall of the naira against the United States Dollar.
The naira is currently being exchanged at N670 per dollar at the parallel market. There has also been a spike in dollar demand.
The resolution of the Senate followed a motion moved by Senator Olubunmi Adetunmbi, representing Ekiti North Senatorial District at plenary.