President Muhammadu Buhari has nominated Godwin Emefiele for a second term as CBN governor.
Reports say a letter signed by the president nominating Emefiele has been sent to the senate for approval and for it to take effect.
If approved by the senate, it would be the first time anyone would be serving two terms as CBN governor since Nigeria’s return to democracy in 1999.
The approval will see him serve a five-year tenure which will end in 2024 after a new president is sworn-in in 2023.
Emefiele’s strong stance against the devaluation of the Naira despite multiple calls is said to have impressed the president.
The 57-year-old banker was the group managing director of Zenith Bank Plc and was at the helm of affairs when Nigeria slipped into its worse recession in 29 years.
He was first appointed by former president Goodluck Jonathan in 2014 and was retained by President Buhari in 2015.