Nigeria’s Senate confirms Cardoso as CBN governor

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It has come to light that Mr Olayemi Cardoso has been confirmed as the new Governor of the Central Bank of Nigeria (CBN).
Along with Mr. Cardoso, Emem Usoro, Muhammad Abdullahi-Dattijo Philip Ikeazor and Bala Bello have also been confirmed as Deputies.
The screening process commenced after a closed-door meeting, which was presided over by the Senate President, Godswill Obot Akpabío, after a two-month annual recess.
According to reports, the exchange rate between the Naira and other currencies, particularly the United States Dollar, dominated the lawmakers’ questions.
Senators Jimoh Ibrahim, Adams Oshiomhole, and Elisha Abbo expressed their concerns about economic woes, particularly the free fall of the Naira.
They urged the new CBN team to “look outside the box to see a way of strengthening the Naira.

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