Central Bank of Nigeria New Governor, Godwin Emefiele Assumes Leadership Today

The New Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele (picture above), is expected to take charge of the apex regulatory institution today, Monday June 2, 2014. He replaces Mallam Sanusi Lamido Sanusi, who was on February 20 suspended by President Goodluck Jonathan.

May 31, 2014 marks the expiration of the tenure of Lamido Sanusi.  Mr. Emefiele was still on duty at Zenith as at last Friday

Emefiele’s name was immediately forwarded by the president as replacement, putting to rest the battle for the coveted seat over the past several months among the President’s men.

The New Governor’s primary objective will be to ensure the gains in price and exchange rate stability are preserved and, therefore, maintain the previous regime’s tightening stance.

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