Tinubu Approves Nomination Of Cardoso As CBN Governor, 4 Deputies

September 15, 2023
CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert
Yemi Cardoso

President Bola Tinubu has approved the nomination of Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria and four others.

The appointment, subject to confirmation by the Senate, marks a significant development in Nigeria’s economic landscape.

Join our WhatsApp Channel

Announcing the nomination, President Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, cited the Central Bank of Nigeria Act, 2007, which empowers the President to appoint the Governor and Deputy Governors of the apex Bank, subject to Senate confirmation.

According to the President, “Dr. Olayemi Cardoso brings a wealth of experience and a commitment to our nation’s economic stability. His nomination reflects our vision for a resilient and prosperous financial sector.”

READ ALSO: CBN: Special Investigators Closing In On N7 Trillion Fraud Scandal

President Tinubu also nominated four candidates for the position of Deputy Governor at the Central Bank. They are Mrs Emem Usoro, Mr Muhammad Dattijo, Mr Philip Ikeazor, and Dr Bala M. Bello. They would if confirmed, play pivotal roles in shaping the country’s monetary policy.

“We believe that these nominees possess the skills and expertise necessary to navigate the complex financial challenges facing our nation,” Tinubu stated.

As Nigeria awaits the Senate’s confirmation of these appointments, the nation’s financial future is poised for a potential transformation under the leadership of Dr. Olayemi Cardoso and his team.

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Previous Story

Bank Of America Bullish On Axcelis Technologies In Semiconductor Market

Sam Larry Denies Involvement In Mohbad's Death
Next Story

Sam Larry Denies Involvement In Mohbad’s Death Amid Controversy

Featured Stories

Latest from Business News

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

TOR Secures 950,000 Barrels of Sankofa Crude to Sustain Operations

Written by Amanze Chinonye Tema Oil Refinery (TOR) has secured 950,000 barrels of locally produced crude from Ghana’s Sankofa-Gye Nyame field, providing fresh feedstock as the refinery works to sustain operations and increase fuel production for the domestic market, Prime Business Africa reports.

Gambia Orders Banks to Replace Non-Gambian Staff by Year-End

Written by Amanze Chinonye The Central Bank of The Gambia has directed commercial banks to phase out non-Gambian employees and replace them with suitably qualified Gambian nationals by Dec. 31, as the regulator tightens enforcement of rules governing expatriate employment in the banking

Dangote, Ethiopia and Djibouti Unveil $660m Fuel Pipeline Plan

Written by Amanze Chinonye Ethiopia, Djibouti and Nigerian industrialist Aliko Dangote plan to invest $660 million in a refined petroleum products pipeline connecting the two East African countries, seeking to lower fuel transportation costs and strengthen energy security. Join our WhatsApp Channel The

Lithium: Will Nigeria Repeat the Oil Curse?

Written by MARCEL MBAMALU There is a road out of Lafia where trucks leave every night loaded with stones that will power Tesla batteries in Berlin and solar storage in Beijing, but cannot power the village they left. That is the story of
Previous Story

Bank Of America Bullish On Axcelis Technologies In Semiconductor Market

Sam Larry Denies Involvement In Mohbad's Death
Next Story

Sam Larry Denies Involvement In Mohbad’s Death Amid Controversy

Don't Miss

Lanre Odukoya Joins Chain Reactions Africa As Lead For Media 

Chain Reactions Africa, one of the leading Public Relations and

YOUTH AND MENTAL HEALTH IN AFRICA: Bluemind Foundation publishes the 2022 Mental Health Index for Adolescents and Young Adults in French Speaking Africa

Abidjan, Douala, Lomé, and Paris, 31 October 2022 -/African Media Agency (AMA)/-