Please update your browser for a better experience on this website!
... sourcing for news with ethical values

PRESIDENT TINUBU APPOINTS NEW CBN GOVERNOR

On: September 18, 2023 - In: Business Headlines - No comments

PRESIDENT TINUBU APPOINTS NEW CBN GOVERNOR

 

 


ADVERTISEMENT

President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate.


ADVERTISEMENT

This directive is in conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the Governor and Four (4) Deputy Governors for the Central Bank of Nigeria (CBN), subject to confirmation by the Senate of the Federal Republic of Nigeria.


ADVERTISEMENT

Furthermore, President Bola Tinubu has approved the nomination of four new Deputy Governors of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending their confirmation by the Nigerian Senate, as listed below:


ADVERTISEMENT

(1) Mrs. Emem Nnana Usoro
(2) Mr. Muhammad Sani Abdullahi Dattijo


ADVERTISEMENT

(3) Mr. Philip Ikeazor
(4) Dr. Bala M. Bello

ADVERTISEMENT

In line with President Bola Tinubu’s Renewed Hope agenda, the President expects the above listed nominees to successfully implement critical reforms at the Central Bank of Nigeria, which will enhance the confidence of Nigerians and international partners in the restructuring of the Nigerian economy toward sustainable growth.

Make your comments...