Naira on Wednesday further crashed in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex.
Naira as at Monday traded for N670 against the dollar, but has fallen by 6.7 percent in two days as of Friday afternoon, according to data from Aboki Forex.
The Naira despite starting the day at N675/$1, the exchange rate between the Naira and the US dollar on Wednesday, fell beyond the N710/$1 threshold at the black market.
Mr Emefiele, however, has been criticized for failing to initiate policies that will help stabilize the country’s currency value in the forex market.
Naira against the dollar at the Investors and Exporters window has decreased from N164 when Godwin Emefiele became governor of the central bank in March 2014 to N430 to a dollar on Wednesday.
In the parallel market, the Naira weakened from N180 to a dollar in 2014 to N710 on Wednesday.