• About Us
  • Advertise with Us
  • Contact Us
Monday, June 27, 2022
GoldenNewsNG
No Result
View All Result
  • Home
  • News
    2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga

    2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga

    BREAKING: Government Declares One-Week Public Holiday For PVC Registration

    BREAKING: Government Declares One-Week Public Holiday For PVC Registration

    US Interest Rate Hike ‘Will Lead To Naira Devaluation’ – Experts

    US Interest Rate Hike ‘Will Lead To Naira Devaluation’ – Experts

    Latest JAMB News, JAMB Result Update For Today Monday, 27 June 2022

    Latest JAMB News, JAMB Result Update For Today Monday, 27 June 2022

    Dollar to Naira Black Market Exchange Rate today 2022 Abokifx

    Dollar to Naira Black Market Exchange Rate today 2022 Abokifx

    NPower Stipend News| NPower Batch C Stream 2 Stipends Payment Starting Date News

    NPower Stipend News| NPower Batch C Stream 2 Stipends Payment Starting Date News

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
  • Home
  • News
    2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga

    2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga

    BREAKING: Government Declares One-Week Public Holiday For PVC Registration

    BREAKING: Government Declares One-Week Public Holiday For PVC Registration

    US Interest Rate Hike ‘Will Lead To Naira Devaluation’ – Experts

    US Interest Rate Hike ‘Will Lead To Naira Devaluation’ – Experts

    Latest JAMB News, JAMB Result Update For Today Monday, 27 June 2022

    Latest JAMB News, JAMB Result Update For Today Monday, 27 June 2022

    Dollar to Naira Black Market Exchange Rate today 2022 Abokifx

    Dollar to Naira Black Market Exchange Rate today 2022 Abokifx

    NPower Stipend News| NPower Batch C Stream 2 Stipends Payment Starting Date News

    NPower Stipend News| NPower Batch C Stream 2 Stipends Payment Starting Date News

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
Golden News
No Result
View All Result
Home Featured

BREAKING: CBN Governor Sacked By President Buhari

Enudi Golden by Enudi Golden
May 25, 2022
in Featured, Headline, News
Reading Time: 2 mins read
CBN Governor sacked by President Buhari
0
SHARES
FacebookShareTwitterShareWhatsappShareTelegramShare

CBN Governor sacked by President Buhari is the latest news in Nigeria.

GoldenNewsNg reports that Nigeria’s President Muhammadu Buhari has reportedly sacked Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN).

A report monitored on Intel region by Newsone Nigeria, says the President Muhammadu Buhari has sacked the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele in the early hours of Wednesday, May 25, 2022.

READ ALSO

2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga

BREAKING: Government Declares One-Week Public Holiday For PVC Registration

This online news platform understands that the CBN Governor sack may not be unconnected to his ambition to succeed President Buhari at the end of his tenure in 2023.
Naira struggles under Emefiele as CBN Governor

GoldenNewsNg reports that since CBN Governor Emefiele took office in March 2014 to date, the Naira official rate compared to the US Dollar has depreciated from N164 to N419 (or 61% weaker)

In the parallel market, the situation is even worse under CBN Governor Godwin Emefiele, whereby the Naira has weakened from $1/N180 to $1/605. This is a 70.5% depreciation of the Naira in 8 years.

CBN Governor’s Presidential ambition despite poor performance

Though Newsone believes that there is nothing wrong with being ambitious with a presidential dream, the CBN Governor, however, flouted so many laws by declaring his interest to occupy the highest seat of power in the West African country as a political appointee.

While many ministers who were appointed by the President tendered their resignation, Emefiele on the other hand, wanted to remain as CBN governor without resigning his position to pursue his ambition.

Howbeit, after a public outcry by well-meaning Nigerians who demanded his resignation, following the purchase of N100m presidential nomination form of the All Progressives Congress (APC), Nigeria’s ruling party, for the 2023 election by a group of faceless farmers and feigning ignorance of it, Emefiele would later approach a Federal High Court in Abuja, the nation’s capital to prevent Independent National Electoral Commission (INEC) and CBN board from disqualifying him from the presidential race.

Seeing that he was unable to get his wish from the Abuja Division of the High Court, CBN Governor Emefiele approached a Delta State High Court that eventually granted him his wish.

But the CBN Governor would later withdraw the suit he filed against INEC and the Attorney-General of the Federation, Abubakar Malami (SAN) without giving any reason for his decision, but his counsel, however, explained that the CBN Governor prayed the court to discontinue the suit and make an order striking it out.
Can President Buhari sack the CBN Governor? Here is what a Nigerian lawyer had to say

Abdul Mahmud, a Nigerian lawyer, social critic, columnist and human rights advocate, says President Buhari can sack the CBN Governor “only if the sack is supported by 2/3 majority of the Senate”.

Giving his opinion on the micro-blogging site, Twitter, Mahmud wrote: “Can the President sack the CBN Governor as this news report suggests? He can; BUT only IF the sack is SUPPORTED by 2/3 majority of the Senate. Power to sack CBN Governor doesn’t solely rest on the President. See Section 11(2) (c & f) CBN Act 2007.”

CBN Governor sacked by President Buhari is the latest news in Nigeria.

Related Posts

2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga
News

2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga

BREAKING: Government Declares One-Week Public Holiday For PVC Registration
News

BREAKING: Government Declares One-Week Public Holiday For PVC Registration

US Interest Rate Hike ‘Will Lead To Naira Devaluation’ – Experts
business

US Interest Rate Hike ‘Will Lead To Naira Devaluation’ – Experts

Latest JAMB News, JAMB Result Update For Today Monday, 27 June 2022
Education

Latest JAMB News, JAMB Result Update For Today Monday, 27 June 2022

Naira Appreciates Against Dollar, See New Exchange Rate
business

Naira Appreciates Against Dollar, See New Exchange Rate

How to check WAEC result with your phone
Education

How to check WAEC result with your phone

Next Post
Full List of Winners Of Nigerian Idol From 2011 To Date

Full List of Winners Of Nigerian Idol From 2011 To Date

Leave a Reply Cancel reply

JUST IN

2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga

2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga

BREAKING: Government Declares One-Week Public Holiday For PVC Registration

BREAKING: Government Declares One-Week Public Holiday For PVC Registration

US Interest Rate Hike ‘Will Lead To Naira Devaluation’ – Experts

US Interest Rate Hike ‘Will Lead To Naira Devaluation’ – Experts

Latest JAMB News, JAMB Result Update For Today Monday, 27 June 2022

Latest JAMB News, JAMB Result Update For Today Monday, 27 June 2022

Naira Appreciates Against Dollar, See New Exchange Rate

Naira Appreciates Against Dollar, See New Exchange Rate

How to check WAEC result with your phone

How to check WAEC result with your phone

How to check WAEC result with your phone

How to check WAEC results with SMS

Is WAEC result 2022 out? Check www.waecdirect.org Here

Is WAEC result 2022 out? Check www.waecdirect.org Here

Apply For Nokia Recruitment 2022

Apply For Nokia Recruitment 2022

Apply For Massive US Embassy Recruitment 2022 | 8 Positions

Apply For Massive US Embassy Recruitment 2022 | 8 Positions

Follow us

Categories

  • Biafra
  • business
  • Crime
  • Education
  • Entertainment
  • Featured
  • General Information
  • Headline
  • Health
  • Insurance
  • Jobs
  • Lifestyle
  • LOAN & INVESTMENT
  • News
  • Npower
  • NYSC
  • Opinion
  • Politics
  • Relationship
  • Scholarship/ Opportunities
  • SPONSORED POST / GUEST POST
  • Sports
  • Technology
  • Tour
  • World News

Recent Posts

  • 2023 Election: Peter Obi Group Speaks On Tinubu’s Certificate Saga
  • BREAKING: Government Declares One-Week Public Holiday For PVC Registration
  • US Interest Rate Hike ‘Will Lead To Naira Devaluation’ – Experts
  • Latest JAMB News, JAMB Result Update For Today Monday, 27 June 2022

Newsletter

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions

© 2022 Golden News

No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology

© 2022 Golden News

YOU WANT LATEST UPDATES?

JOIN OUR TELEGRAM CHANNEL NOW
X