President Muhammadu Buhari has nominated the Central Bank Governor, Mr. Godwin Emefiele, for a second term.
The President has sent a letter nominating the CBN governor for another term to the Senate President in line with the CBN Act.
Emefiele also confirmed the development when this morning, he confirmed that he was in the running for a second term.
The 57-year-old apex bank boss spoke at an ongoing Association of Assets Custodians of Nigeria (AACN) conference in London, this morning.
Some of the factors that may have kept Emefiele on Buhari’s good book include his defiant stance against multiple calls to devalue the naira as well as the forex restriction to importersof some 40 items.
This is the first time since 1999 that a CBN governor will serve more than one term in office.