News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.
    Facebook Twitter Instagram YouTube
    • Politics
    • Business
    • Sports
    • Features
    • Shows
    • Op-Ed
    • Watch Live
    Facebook Twitter Instagram YouTube
    News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.
    Watch Live Tv
    OUR TV SHOWS
    • BREAKFAST CENTRAL
    • VILLAGE SQUARE AFRICA
    • BUSINESS EDGE
    • SECURE THE CONTINENT
    • ONE SLOT
    • POLITICS HQ
    • REPORT DESK AFRICA
    • E CENTRAL
    News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.News Central TV | Latest Breaking News Across Africa, Daily News in Nigeria, South Africa, Ghana, Kenya and Egypt Today.
    You are at:Home»Politics»Senate confirms Emefiele for second term as Nigeria’s Central Bank governor
    Politics

    Senate confirms Emefiele for second term as Nigeria’s Central Bank governor

    News CentralBy News CentralMay 16, 201901 Min Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Nigeria Banks Reduce Customer Loans By 17% As CBN’s Money Supply Declines (News Central TV)
    FILE PHOTO: Nigeria's Central Bank Governor Godwin Emefiele speaks during the monthly Monetary Policy Committee meeting in Abuja, Nigeria May 22, 2018. REUTERS/Afolabi Sotunde/File Photo
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Nigeria’s Central Bank Governor Godwin Emefiele has been confirmed for a second five-year term in office on Thursday when he won a unanimous vote of support in the Senate, parliament’s upper house.

    During his first term, Emefiele, who has backed a strong local currency, pumped billions of dollars into the foreign exchange market to support the value of the naira.

    President Muhammadu Buhari, whose office favours a strong naira, nominated Emefiele for a second term in a letter to the Senate on May 9.

    His term was due to expire this month.

    “The nominee has performed credibly in his first tenure which resulted in the exit of the nation out of economic recession,” the Senate’s committee report said in recommending approval for Emefiele’s nomination, a Reuters report had said on Wednesday.

    Emefiele also introduced a multiple exchange rate regime to try to mask pressure on the naira and avoid a series of devaluations, in a step that has kept liquidity tight in Africa’s biggest economy.

    Featured Nigeria Politics Western Africa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleAfrican Players Strike Gold As Galatasaray Win Turkish Cup
    Next Article Kenya kidnap: Abductors demand $1.5 million for Cuban doctors
    News Central

    Related Posts

    Outcry as Teenager Who Criticised Sokoto Governor Goes Missing

    May 21, 2025

    Insurgency Can’t Be Defeated by Guns Alone –  Zulum

    May 21, 2025

    Wife, Mother of Notorious Bandit Leader Ado Aliero Arrested in Saudi Arabia

    May 20, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    Latest Stories Today

    Harvard University Stripped of Foreign Student Enrolment Rights

    By Abdullahi JimohMay 22, 2025

    In a dramatic escalation of tensions between the White House and one of America’s most…

    Tinubu is Committed to the Nigeria–Morocco $25 Billion Gas Project – Jimoh

    Hollywood Actor George Wendt, Who Played Norm on ‘Cheers,’ Dies at 76

    Tinubu Submits N1.481 Trillion 2025 Rivers Budget to National Assembly

    • Facebook
    • Twitter
    • Instagram
    • YouTube
    © 2025 Newscentral Television All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.