Sunday, March 2, 2014

Relative unknown to run Nigeria central bank

Nigeria has named a relatively unknown banker to head its central bank after the outspoken former governor was suspended, triggering shockwaves in Africa's second-largest economy. Godwin Emefiele, head of Zenith Bank, had almost no profile outside the banking sector until his name was put forward to succeed Lamido Sanusi, who was removed over charges of financial recklessness, the AFP news agency reported on Sunday. The appointment still has to be approved by parliament, AFP

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