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Vol 64 No 12

Published 8th June 2023


When – not if – Emefiele leaves the bank

The central bank governor's days appear to be numbered as President Tinubu changes economic tack – and lines up a handy scapegoat

Making clear his position on Central Bank of Nigeria Governor Godwin Emefiele's future, President Bola Tinubu announced the bank needed 'house-cleaning' in his inaugural speech on 29 May. On paper, Emefiele's second term as governor has another year to run but close allies of Tinubu have told us that he is likely to go very quickly to reinforce the planned shift in foreign exchange and monetary policy.

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