Nigerian 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 be therefore replaced, since there are now new leaders in power.
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.
Akufo-Addo commissions Phase II of Kaleo solar power plant
NDC panics over Bawumia’s visit to Pope Francis
EC blasts Mahama over “false” claims on recruitment of Returning Officers
Lands Minister gives ultimatum to Future Global Resources to revamp Prestea/Bogo...
Wa Naa appeals to Akufo-Addo to audit state lands in Wa
Prof Opoku-Agyemang misunderstood Bawumia’s ‘driver mate’ analogy – Miracles Abo...
EU confident Ghana will not sign Anti-LGBTQI Bill
Suspend implementation of Planting for Food and Jobs for 2024 - Stakeholders
Tema West Municipal Assembly gets Ghana's First Female Aircraft Marshaller as ne...
Dumsor is affecting us double, release timetable – Disability Federation to ECG
