Topic: BREAKING: Nigerian Senate To Invite Central Bank Governor, Emefiele Over Rising Inflation, Naira Devaluation (Read 414 times)

« **on:** July 29, 2022, 07:06:06 AM »

BREAKING: Nigerian Senate To Invite Central Bank Governor, Emefiele Over Rising Inflation, Naira Devaluation

The Nigerian Senate on Wednesday said it would invite the Governor of the Central Bank of Nigeria, Godwin Emefiele, over rising inflation and naira devaluation which have made lives difficult for Nigerians.

The senators lamented that the exchange rate of the US dollar to naira had now risen to N700 which was described as very sad. They, therefore, called for immediate attention.

Devaluation is an official reduction of the value of a domestic currency to the value of the foreign currency, particularly those currencies accepted internationally for transactions like the US dollars.

Devaluation is a deliberate action of the monetary authority. It can be reversed to appreciation through the same market forces when an economy improves.

A major issue of concern and challenge for most individuals and companies is the widespread surge in prices of goods and services due to this devaluation.

Economy

Breaking News

News

AddThis

:

Original Author

:

Saharareporters, New York

Disable advertisements

:
Source: BREAKING: Nigerian Senate To Invite Central Bank Governor, Emefiele Over Rising Inflation, Naira Devaluation

Subject / Started by	Replies	Last post
Kidnappers Release Wife Of Nigeria’s Central Bank Governor Emefiele Started by sahara Newspaper Board	0 Replies 1246 Views	October 02, 2016, 01:01:03 PM by sahara
Only N14billion Of N471billion Loans Released For Farmers By Central Bank – Osinbajo Knocks Governor Emefiele Over Nigeria’s Ailing Economy Started by sahara Newspaper Board	0 Replies 494 Views	October 13, 2021, 07:02:23 AM by sahara
Bad Economy: Mass Protest Looms If Central Bank Governor, Emefiele Fails To Resign In Seven Days – Group Warns Started by sahara Newspaper Board	0 Replies 496 Views	November 16, 2021, 01:01:46 AM by sahara
Governor Of Nigeria's Central Bank, Godwin Emefiele Picks N100m Ruling APC Presidential Forms Started by sahara Newspaper Board	0 Replies 385 Views	May 07, 2022, 07:05:41 AM by sahara
Central Bank Governor Now Danger To Nigeria’s Financial Sector — PDP Reacts To Emefiele’s Picking Of N100million Nomination Form Started by sahara Newspaper Board	0 Replies 395 Views	May 08, 2022, 07:01:51 AM by sahara
EXCLUSIVE: Emefiele Currently Scouting For Court Order To Retain His Position As Nigeria’s Central Bank Governor While Contesting For Presidency — Source Started by sahara Newspaper Board	0 Replies 386 Views	May 09, 2022, 07:01:50 PM by sahara
2023 Presidency: Groups Start Petition, Invite Signatories To Demand Immediate Resignation Of Emefiele As Nigerian Central Bank Governor Started by sahara Newspaper Board	0 Replies 440 Views	May 12, 2022, 07:18:12 AM by sahara
BREAKING: Emefiele In Emergency Meeting With Central Bank’s Executives, Top Management Staff Over 2023 Presidential Ambition Started by sahara Newspaper Board	0 Replies 432 Views	May 13, 2022, 07:01:59 PM by sahara
BREAKING: Nigerian Senate To Invite Central Bank Governor, Emefiele Over Rising Inflation, Naira Devaluation Started by sahara Newspaper Board	0 Replies 407 Views	July 29, 2022, 07:07:53 PM by sahara
BREAKING: Nigerian Senate To Invite Central Bank Governor, Emefiele Over Rising Inflation, Naira Devaluation Started by sahara Newspaper Board	0 Replies 367 Views	July 29, 2022, 07:07:53 PM by sahara

Topic: BREAKING: Nigerian Senate To Invite Central Bank Governor, Emefiele Over Rising Inflation, Naira Devaluation (Read 414 times)

BREAKING: Nigerian Senate To Invite Central Bank Governor, Emefiele Over Rising Inflation, Naira Devaluation

Related Topics