LAGOS — Nigeria Central bank announces the assumption of Lamido Yuguda as new CBN deputy governor, effective on Monday. The move signals a push for greater technical depth within the apex bank’s executive leadership team.
Yuguda, a former IMF economist, transitions from his recent role as Director-General of the Securities and Exchange Commission. He replaces Bala Bello, who recently moved to the Presidency as a political economy advisor.
The appointment follows Yuguda’s confirmation by the Nigerian Senate on April 29, 2026. Lawmakers fast-tracked his clearance, citing his thirty-year career at the bank where he previously managed external reserve portfolios.
