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Buhari re-nominates CBN boss Emefiele for another term

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Nigeria's external reserve hits six months high at $44.14bn

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

President of the Senate, Dr. Bukola Saraki, on Thursday read a letter from President Buhari at plenary, reappointing Emefiele as governor of the CBN, for a second term.

Emefiele, a former group managing director of Zenith Bank Plc, was first appointed in 2014 by former President Goodluck Jonathan and was retained by Buhari when he took over power in 2015.

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The letter for the tenure renewal was reportedly signed by Buhari on Wednesday and sent to the Senate President in line with the CBN Act.

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