The Central Bank of Nigeria (CBN), Monday redeployed its deputy governors, to strengthen policy coordination and regulatory oversight.
The board changes, which took effect on June 1, 2026, were reflected on the bank’s official website, with all four deputy governors assuming new responsibilities across key operational and policy directorates.
Under the new arrangement, Deputy Governor, Economic Policy, Dr. Muhammad Sani Abdullahi, has been reassigned to head the Corporate Services Directorate, while Mr. Philip Chukwuemeka Ikeazor takes over responsibility for Economic Policy.
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Similarly, Deputy Governor, Corporate Services, Ms. Emem Nnana Usoro, has been moved to oversee the Operations Directorate, while Mr. Lamido Abubakar Yuguda, formerly in charge of Operations, will now coordinate the Financial System Stability Directorate.
The redeployment comes at a time when the CBN is implementing wide-ranging reforms aimed at tackling inflationary pressures, strengthening financial system resilience, advancing banking sector recapitalisation and deepening confidence in the country’s financial markets.
The latest redeployment underscores the CBN’s efforts to reposition its leadership structure and deploy specialised expertise across critical functions as it navigates an increasingly complex macroeconomic and financial sector environment.