In regards to the recent continuous rise in the exchange rate between naira and dollars at the parallel market, lawmakers of the Nigerian Senate have called up the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. 

The lawmakers' has demanded to have Emefiele appear before the Senate followed a motion sponsored by Senator Olubunmi Adetunmbi of the All Progressives Congress, Ekiti north. 

According to reports, while contributing to the debate, the Senator representing Niger East senatorial district, Sani Musa, said that the naira is bound to appreciate if citizens consume what is been produced in the country. 

Biodun Olujimi, the senator representing Ekiti south, further accused the CBN governor of failing to take the responsibility to defend the naira. 

Her words, "Most of what is happening is because people are taking out the dollar and selling and bringing them back in. We should be penalising somebody for what has happened to the naira-dollar rate.” 

"The time has come for us to look holistically into what is happening. What is happening to the dollar is a replica of what is happening to Nigeria.” 

The naira currently trades between N690 and N700 in the parallel market with the Senate calling on the apex bank to do all within its power to stop the declining value of the Nigerian currency.