Emefiele resumes as CBN governor

Godwin Emefiele assumes office today as the Central Bank of Nigeria, CBN, Governor after the expiration of the tenure of Lamido Sanusi on May 31. Mr. Emefiele was still on duty at Zenith as at last Friday.

Mr. Emefiele, during his confirmation hearing at the Senate said CBN, under him shall vigorously pursue a development banking model, DBM, in addition to working hard to achieve the core mandate of monetary and price stability.

Emefiele had told the senators that DBM is a model that has been tried and tested in different jurisdictions in the world.