• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Senate confirms Emefiele’s re-appointment for second term

Bamidele Samuel Adesoji by Bamidele Samuel Adesoji
May 16, 2019
in Business News, Politics, Spotlight
Breaking News, Godwin Emefiele, Senate confirms Emefiele's re-appointment for second term
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Senate has confirmed the re-appointment of the Central Bank of Nigeria (CBN) Governor, Gowin Emefiele. Mr Emefiele’s confirmation was disclosed to the public at the end of today’s Senate Plenary Session.

Senate reverts to Plenary and and reports progress.

Godwin I. Emefiele’s re-appointment as Governor of Central Bank (@cenbank) is hereby CONFIRMED. #TodayInSenatePlenary

— The Nigerian Senate (@NGRSenate) May 16, 2019

Narametrics understands that Mr Emefiele was confirmed for re-appointment following the adoption of the report of the Committee on Banking, Insurance and other Financial Institutions which was presented by Senator Rafiu Adebayo during today’s plenary.

RelatedStories

CBN, MPC

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
CBN, forex

June 2025 PMI: CBN warns of inflation as input costs outpace output prices

July 8, 2025

Senate’s President’s Remarks: In his remark, the Senate President, Dr Bukola Saraki, congratulated Mr Elefiele on his re-appointment, whilst urging the CBN Governor to use his second term to improve Nigeria’s economy.

“On behalf of the Senate, let me congratulate the Governor of the Central Bank, Mr. Godwin Emefiele on the renewal of his appointment. We wish him a useful tenure and may he use

“this opportunity to continue to provide support to ensure that the economy of our country continues to improve and address the important area of ensuring macro-economic stability”

Optics – Mr. Emefiele’s confirmation by the Senate came just a day after the Senate Committee cleared him during a screening session, where he addressed the Senate members of the state of the Nigerian economy. Recall that  the CBN boss was nominated last week by President Muhammadu Buhari who sent a nomination letter requesting the Senate to confirm Mr Emefiele for a second term in office.

Since his nomination for re-appointment, public opinion has been divided over the President’s decision.

Nairametrics also reported an alleged 500bn fraud which involved Mr Emefiele and other top officials at the CBN. Some people thought this would detract Mr Emefiele’s reappointment. However, against all odds, he has been confirmed to wheel the apex Bank for the next five years.

The CBN Governor was first appointed by former President Goodluck Jonathan in 2014 and was retained after the President assumed office in 2015. His reappointment makes it the first time in 20 years, that anyone would be serving two terms as CBN Governor.

Upshots –  Nairametrics earlier analysed the implications of the reappointment of Mr Emefiele’s on the Nigerian economy. Some highlights of the positives and negatives as earlier reported

Positives
  • Stability in the banking system as he is likely to continue with his policies.
  • Continuing with the CBN developmental programs which will favour farmers and targeted SMEs.
  • Exchange rate stability as a strategy is likely to persist provides oil price remains flat. The CBN Governor is not ready to float the naira fully.
  • Continues with the policy on the ban of forex allocation for 41 banned items.

Negatives

  • Just as some benefit from the banning of the 41 banned items, most will suffer from it. Industries that require raw material inputs included in the ban list will have to grapple with the obvious reality.
  • Importers of goods and services listed on as banned items will also continue to face the impact of lost revenues. The trade industry has been in recession since 2016
  • Independence of the CBN might be further eroded during his tenure. Critics have often cited frequent interference by the executive branch on activities of the CBN.

Follow us for Breaking News and Market Intelligence.
Tags: CBNCBN GovernorGodwin EmefieleGovernor Godwin Emefiele
Bamidele Samuel Adesoji

Bamidele Samuel Adesoji

Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

Related Posts

CBN, MPC
Financial Services

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
CBN, forex
Economy

June 2025 PMI: CBN warns of inflation as input costs outpace output prices

July 8, 2025
CBN, forex
Financial Services

CBN clarifies NRBVN charges, says BVN enrolment remains free for Nigerians in Nigeria 

July 7, 2025
CBN, forex
Breaking News

Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide 

July 4, 2025
CBN, forex
Financial Services

Credit to Private sector slips marginally to N77.83 trillion in May 2025 despite surging money supply 

July 3, 2025
CBN, forex
Financial Services

Nigeria’s FDI drops by 19% to $250 million in Q1 2025 – CBN 

June 27, 2025
Next Post

Price Watch: The average prices of Kerosene, Diesel, and Gas in April

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Nigerians’ data consumption surges to 1.04 million terabytes in May despite decline in internet users
  • NIMC gives condition to waive N28,574 Date of Birth correction fee 
  • New Zealand to ease work limits for foreign students in bid to double education revenue 

Follow us on social media:

Recent News

Telecom

Nigerians’ data consumption surges to 1.04 million terabytes in May despite decline in internet users

July 14, 2025
NIMC, world Bank

NIMC gives condition to waive N28,574 Date of Birth correction fee 

July 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics