Nigeria, March 10 -- Mark Carney, former governor of the Canadian central bank and Bank of England, has been elected leader of the ruling Liberal Party and will replace Justin Trudeau as prime minister.

PREMIUM TIMES had earlier reported Mr

PREMIUM TIMES had earlier reported Mr Trudeau's decision to step down as leader of the Liberal Party.

Trudeau's decision to step down as leader of the Liberal Party.

Mr Carney's election on Sunday ended Mr Trudeau's eight-year administration as Prime Minister.

The former banker won the election on Sunday with 85.9 per cent of the vote, defeating Chrystia Freeland, the former finance minister, and his closest rival.

His election marks the first time an outsider with no real political background ha...