Nigeria's Central Bank Governor, Godwin Emefiele, has been asked to resign immediately as the free-fall of the Nigerian currency continues without any end in sight.

The opposition Peoples Democratic Party (PDP) Thursday, demanded the immediate resignation of Emefiele for overseeing what it described as colossal failures of monetary and fiscal policies recorded under the President Muhammadu Buhari-led All Progressives Congress (APC) administration.

PDP's National Publicity Secretary, Kola Ologbondiyan who announced the demand in Abuja also said Emefiele should hand himself over for investigation and prosecution by relevant anti-graft agencies over allegations of massive looting.

Usman Umar, has more in this report from Abuja: