• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, October 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

JUST-IN: Senate Summons CBN Gov On State Of Economy, Naira Free Fall

by Bode Gbadebo
2 years ago
in News
Cbn
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

The Senate, on Wednesday, through its Committee on Banking, Insurance and other Financial Institutions, has summoned the Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, to appear before it on Tuesday to explain the state of the national economy and free fall of the local currency at the Forex market.

The legislative committee chaired by Senator Adetokunbo Abiru (APC, Lagos East), met on Wednesday when reports indicated that the value of the Naira had nose-dived to N1,520 to a US dollar and consequently resolved to summon the CBN governor on the development.

Advertisement

Speaking with journalists after the emergency meeting held behind closed-door, Senator Abiru said the state of the economy, especially the inflation index, was of great concern to the federal lawmakers.

Abiru, himself a former managing director of Polaris Bank before delving into politics, said: “We have held a meeting this afternoon essentially to focus on the direction of the Nigerian economy.

“We are all living witnesses of what is going on. Underlining the major issue of the economy is the way the inflation index has been and of course it is a major concern to us.

RELATED NEWS

Tinubu Receives IMO Sec-Gen, Reaffirms Commitment To Maritime Development

Zulum Seeks Deployment Of Soldiers To Borno Border Communities

Fubara Dissolves Rivers Microfinance Agency Board

Coroner’s Verdict: Mohbad’s Father Seeks Prosecution Of Daughter-in-Law, Others

“We have deliberated among ourselves. Critical issues were addressed and we believe that the next line of action is to summon the governor of the Central Bank on Tuesday at 3 O’clock to brief us properly on the state of the economy.

“That we have resolved and will communicate to the governor of the Central Bank, after which we will have further communication with members of the press.”

Join Our WhatsApp Channel

SendShare10180Tweet6363Share
Bode Gbadebo

Bode Gbadebo

OTHER NEWS UPDATES

Tinubu Receives IMO Sec-Gen, Reaffirms Commitment To Maritime Development
News

Tinubu Receives IMO Sec-Gen, Reaffirms Commitment To Maritime Development

1 hour ago
26,888 Students To Benefit From N730m Scholarship For Borno Students
News

Zulum Seeks Deployment Of Soldiers To Borno Border Communities

1 hour ago
I Won’t Lower Momentum Of Development In Rivers – Fubara
News

Fubara Dissolves Rivers Microfinance Agency Board

1 hour ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Tinubu Receives IMO Sec-Gen, Reaffirms Commitment To Maritime Development

1 hour ago

Zulum Seeks Deployment Of Soldiers To Borno Border Communities

1 hour ago

Fubara Dissolves Rivers Microfinance Agency Board

1 hour ago

NASENI Solar Products And The Imperative Of Closing Nigeria’s Energy Gap

2 hours ago

Coroner’s Verdict: Mohbad’s Father Seeks Prosecution Of Daughter-in-Law, Others

2 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.