The Central Bank of Nigeria has redeployed its four Deputy Governors in a management reshuffle aimed at strengthening its leadership structure and improving operational efficiency.
The changes, which took effect on June 1, 2026, were reflected in an updated profile on the apex bank’s official website on Monday.
Under the new arrangement, Deputy Governor in charge of Economic Policy, Dr Muhammad Abdullahi, has been reassigned to the Corporate Services Directorate. In his place, Mr Philip Ikeazor will now oversee the Economic Policy Directorate.
The restructuring also saw the Deputy Governor, Corporate Services, Ms Emem Usoro, moved to the Operations Directorate, while Mr Lamido Yuguda was transferred from Operations to the Financial System Stability Directorate.
The latest redeployment alters the leadership of key departments responsible for policy formulation, banking sector oversight, institutional administration and the execution of the bank’s core operations.
Although the CBN did not state the reasons behind the changes, the exercise is expected to strengthen coordination across strategic departments and align leadership responsibilities with the bank’s evolving priorities.
The Economic Policy Directorate plays a central role in economic analysis, monetary policy formulation and the assessment of macroeconomic developments that influence decisions on interest rates, inflation and growth.