Glamtush reports that the Senate’s Committee on Banking, Insurance, and other Financial Institutions has summoned the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to appear before Committee next Tuesday.
This online news platform understands that the move comes amid pressing concerns about the state of the economy and the sharp decline of the naira in the foreign exchange market.
With the official window reporting the naira falling to an all-time low as it hit a new low of N1,520 to a dollar on Wednesday, the Senate is seeking answers and solutions from the apex bank governor to stabilise the currency and restore confidence in the economy.
Meanwhile, the CBN said it has fulfilled its pledge to clear the backlog of foreign exchange owed to foreign airlines in the country, and concluded the payment of all verified claims by airlines with an additional $64.44 million to the concerned airlines.
The CBN also said it released US$500 million to various sectors to further address the backlog of verified foreign exchange transactions.
The newly elected SDNON excos have unveiled their ambitious plans for 2025 and celebrated the outgoing executives.…
The leader of the INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has released his 2025…
Music has always been central to African culture, reflecting societal changes while connecting generations. In…
Sinach is set to feature in the global Christian event, Gather25. Glamtush reports that Gather25,…
Yahaya Bello has been released after meeting his bail conditions. Glamtush reports that former…
Makinde has cancelled his birthday celebration to honour the Ibadan stampede victims. Glamtush reports that Governor…