Breaking: Pres. Tinubu nominates Yemi Cardoso as new CBN Governor

President Bola Tinubu has nominated Mr Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN).

Cardoso is a financial and development expert with over thirty years’ experience in the private, public and not-for-profit sectors.

He is the Chairman, Board of Directors of Citibank Nigeria. Chairman of the Board of Directors of Citibank Nigeria.

The President also approved the management team for the apex bank subject to the screening and confirmation of the Senate.

The new CBN Deputy Governors are Mrs Emem Nnana Usoro, Mr Muhammad Sani Abdullahi Dattijo, Mr Philip Ikeazor and Dr Bala M. Bello.

Their tenure is for a term of five years.