Buhari nominates CBN governor, Emefiele, for second term

Governor of Central Bank of Nigeria, Godwin Emefiele

President Muhammadu Buhari has nominated Godwin Emefiele for a second term as governor of the Central Bank of Nigeria (CBN).

Emefiele was first appointed in 2014 by former president Goodluck Jonathan and was retained when Buhari came to office in 2015.

The letter for the tenure renewal was signed by Buhari on Wednesday and has now been sent to the senate.

By the CBN Act, the senate must confirm the nomination before it can take effect.

Before assuming the office of the CBN governor, the 57-year-old banker was the group managing director of Zenith Bank Plc.