Monetary policy alone can’t reset economy - CBN

CBN rebuffs calls for  Godwin Emefiele’s resignation

The Central Bank of Nigeria (CBN) has rebuffed calls for the resignation of its Governor, Godwin Emefiele, amid naira exchange rate concerns. Information guide nigeria

A report from naijaonpoint.com.ng says that Osita Nwanisobi, Director of Corporate Communications, Central Bank of Nigeria, dismissed calls for the Governor of the CBN to resign on Monday evening in Abuja, according to The Nation.

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The report also brought to our notice that some parties that may have been dissatisfied with the apex bank’s foreign currency strategy have demanded Emefiele’s resignation. On the other hand, The spokesman of CBN has rejected it, insisting that the calls were based on selfish agenda fueled by greed. How much is dollar to naira

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The naijaonpoint.com.ng reported that Nwanisobi stated in his statement,

“Those behind such calls were only pursuing their selfish agenda fueled by those who had long benefited from rent-seeking practices in the parallel forex market.”

Nwanisobi who’s the Director of Corporate Communications, just like the CBN Governor, has refused to acknowledge the parallel FX market as a significant part of the currency market.

In Nwanisobi’s recent comment, he said, “The CBN would not be distracted in its mandate by yielding to the selfish tendencies of a few to the detriment of the majority. jamb result