 Good evening, I am Justin Akadouni and this is the news now on PLOS TV Africa. President Borla Tinnabu has approved the nomination of Dr. Olaemi Michael Kadozo to serve as the new governor of the Central Bank of Nigeria CBN for a term of five years at a false instant pending his confirmation by the Nigerian Senate. This directive is in conformity with the section 8 subsection 1 of the CBN Act 2007 which vests in the president of the Federal Republic of Nigeria. The authority to appoint the governor and four deputy governors for the CBN subject to confirmation by the Senate of the Federal Republic. Furthermore, President Borla Tinnabu has approved the nomination of four new deputy governors of the CBN for a term of five years at the false instant pending the confirmation by the Senate. So you get notified about fresh news updates.