Sunday, October 19, 2025
24.6 C
Lagos

Buhari May Sack CBN Gov, Emefiele, over Naira Crisis

President Muhammadu Buhari may sack Mr. Godwin Emefiele, Governor, Central Bank of Nigeria [CBN] over the continued slide in the value of the Naira against major global currencies.

Just last week, Buhari sacked the Director of Budget over lingering embarrassing errors in the 2016 federal budget sent to the National Assembly.

A top chieftain of the ruling APC told Business Journal in Abuja that the party hierarchy was becoming uncomfortable with the failure of Emefiele to halt the sliding value of the Naira, which he said was making the party unpopular amongst Nigerians.

“I can tell you in confidence that top leaders of APC are becoming worried over the Naira crisis, but more importantly, the clear inability of Emefiele to stop the negative trend which is making our party very unpopular across the country. Already, some party stalwarts have begun to discuss the issue of replacing Emefiele as CBN governor if the situation does not improve as quickly as possible.”

The APC official added that Emefiele’s situation is not helped by the fact that he was appointed by former president, Goodluck Jonathan.

The official said: “Our experience so far with those appointed by Jonathan is not really palatable. Majority of them are working for the APC government to fail and that was why the president sacked about 26 of them last week. For Emefiele, we are still exploring the best way out.”

spot_img
spot_img
spot_img

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

Stanbic IBTC FUZE Talent Show 2025 Kicks Off 4th Season

The Stanbic IBTC FUZE Talent Show 2025, themed “The...

Red Star CEO Commends FG on Naira-Yuan Swap

Mr. Sule Bichi, Group Managing Director/CEO of Red Star,...

Brokers Initiate 10-Year Strategic Plan

L-R Council member, Nigerian Council of Registered Insurance Brokers...

Emir of Kano Urges Nigerians to Embrace Insurance

The Emir of Kano, Alhaji Aminu Ado Bayero has...

Stanford Seed Partners Entrepreneurs in Africa to Catalyze Economic Growth

Frank Omondi is a wildlife biologist turned entrepreneur. His...

African Dining Hall, Food Pavilions to Feed Children at Expo 2020 Dubai

Kids visiting the on-going Expo 2020 Dubai are entitled...

‘OML 29 Is Not For Sale’–Aiteo

Below is an official statement from the Aiteo Group...

Vodacom Seeks Digitisation to Create a More Sustainable Nigeria

Nigeria is one of the fastest developing countries in...
spot_img

Related Articles

Popular Categories

spot_imgspot_img