The Central Bank of Nigeria (CBN) has undertaken a major leadership reshuffle, redeploying all four of its deputy governors in a move aimed at strengthening coordination across key directorates and aligning responsibilities with the bank’s evolving priorities.
The changes, which took effect on June 1, 2026, were reflected in updated profiles published on the apex bank’s official website on Monday.
Under the new structure, Philip Ikeazor has been appointed to oversee the Policy Directorate, succeeding Muhammad Abdullahi, who has been reassigned to the Corporate Services Directorate.
READ ALSO:
- SMEs Get Just 1% of Banks’ Credit Despite ₦125trn Cash Surge – Report
- Ex-CBN Deputy Governor, Bala Bello, Hails Tinubu for Appointing him as Economic Adviser
- Tinubu Sacks Edun, Dangiwa in Major Cabinet Shake-Up
- Naira Rebound Faces Fiscal Test, Group Says
Emem Usoro, previously deputy governor in charge of Corporate Services, will now head the Operations Directorate, while Lamido Yuguda has been transferred from Operations to the Financial System Stability Directorate.
The CBN said the redeployments form part of efforts to strengthen institutional effectiveness and optimise the expertise of its senior management team.
According to the bank, the changes were made “to make use of the experience of senior officials in different areas of responsibility and to support evolving institutional priorities.”
The latest redeployments come as the apex bank continues to implement reforms aimed at enhancing monetary policy effectiveness, financial system stability and operational efficiency.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X