Sanusi will not seek second term at Nigerian central bank

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Sanusi will step down in 2014

Sanusi Lamido Sanusi will stand down as the Central Bank of Nigeria governor when his term expires in June 2014, as he implements the last of the tough banking regulations he set out to enact.

A spokesperson for the central bank confirmed Sanusi's intent to leave the role next year, and said his decision reflected the increasing monetary and fiscal stability in the Nigerian economy; the achievement of lower inflation, a stable exchange rate and, most importantly, a safer banking sector.

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