Nigerian Presidenthas nominated for another five-year tenure as the governor of the Central Bank of Nigeria, local newspapers reported on Thursday, citing a letter signed by Mr. Buhari on Wednesday. His first tenure is set to end in June.
The letter of nomination has already been forwarded to the Senate for confirmation, reports added.
Emefiele was appointed in March 2014 by the former President Goodluck Jonathan to replace Lamido Sanusi Lamido who was suspended by Mr. Jonathan.
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If confirmed by the Senate, the 57-year-old banker who was the group managing director of Zenith Bank Plc until his appointment in 2014, would be the first CBN governor to serve two tenures since Nigeria returned to democracy in 1999.