Emefiele breaks with tradition, races for a second five-year term

There are strong indications that the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele is about to clinch another 5-year term in office, breaking the long-held tradition of just one term held by several of his predecessors.

Sources said on Thursday morning that President Buhari who has been impressed with Emefiele’s policies which had, to a large extent, driven macroeconomic stability has already sent a letter to the Senate nominating him for a second term.

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Ita Enang, who is the Senior Special Assistant to President Muhammadu Buhari on National Assembly Matters could not confirm to BusinessDay whether the development is true or not, but only laughed and said, “ I cannot comment on it.”

Details shortly …

ONYINYE NWACHUKWU, Abuja

Onyinye Nwachukwu is the Abuja Bureau Chief of BusinessDay, overseeing coverage across Abuja and Northern Nigeria. With more than two decades of experience in economic and financial journalism, she reports on business, policy, and market trends, linking local developments to the global economy. A fellow of the International Monetary Fund (IMF) and recipient of the P. Vishwanathan Memorial Award for Excellence in Financial Journalism, she is known for her insightful storytelling and interviews with senior policymakers, diplomats, and business leaders. Well traveled and globally minded, Onyinye brings depth and international perspective to her reporting.