Wednesday, March 20, 2013

Nigeria: Central Bank Governor Lamido Sanusi will not seek second term

Nigeria’s central bank Governor Lamido Sanusi

Nigeria’s central bank Governor Lamido Sanusi, who was named central bank governor of the year by London-based The Banker magazine in 2011 has indicated that will not renew his contract when it expires in 2014.

Sanusi is credited with rescuing Nigeria's banking industry from collapse four years ago. He has led the central bank of Nigeria - Africa's biggest oil producer since June 2009.

He was appointed in the midst of a debt crisis,

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