Nigeria’s Central Bank governor named for second term

Emefiele set to be the first CBN governor to servetwo terms since the country returned to democratic rule in 1999.
Nigeria's Central Bank governor named for second term

Nigeria’s President Muhammadu Buhari has reappointed Godwin Emefiele for a second five-year term at the helm of the central bank of Africa’s biggest oil producer.

Senate President, Bukola Saraki read a letter from Buhari at the floor of the Senate on Thursday seeking parliamentary approval.

If the appointment is confirmed by the National Assembly, it will be the first time a governor of the Central Bank of Nigeria (CBN) will serve for a second term since the country returned to democratic rule in 1999.

Emefiele was first appointed CBN governor in 2014, a year before Buhari became president. Many thought he would, therefore, be replaced, since there are now new leaders in power.

Your Friends Also Read:  Mali Asks ECOWAS To Lift Sanctions

Emefiele presided over 15-month economic recession in 2016 during the global fall in oil prices, and has maintained high interest rates to check rising inflation.


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.

Contact: digital@newscentral.ng

Total
0
Shares
Previous Article
Mugabe's tractors, trucks to be auctioned to pay off debts

Mugabe's tractors, trucks to be auctioned to pay off debts

Next Article
Nigerian police advise public to not 'challenge an armed officer to a duel'

Nigerian police advise public to not 'challenge an armed officer to a duel'

Related Posts