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Nigeria’s Buhari Is Mulling New Central Bank Chief

  • Governor Godwin Emefiele’s first term expires in early June
  • President Buhari may replace him with someone from the north
Updated on

Nigerian President Muhammadu Buhari has come under pressure from his political allies to replace central bank Governor Godwin Emefiele when his term ends in June, according to people familiar with the matter.

While Buhari has yet to make a final decision, he is mulling replacing Emefiele, a southerner, with a northerner, according to two people, who asked not to be identified as the matter is private. Emefiele would want a second term if he is offered it, one of the people said. Since the end of military rule in 1999 no Nigerian central bank governor has served more than one term.