The Central Bank of Nigeria (CBN) has announced a reshuffle involving its Deputy Governors, with the changes taking effect from June 1, 2026.
The apex bank disclosed the new appointments through an update on its official website, showing fresh responsibilities for the four Deputy Governors as the institution continues to oversee monetary policy, financial sector regulation and other key functions of the nation’s economy.
Under the new arrangement, Muhammad Sani Abdullahi has been moved from the Economic Policy Directorate to head Corporate Services. Taking over the Economic Policy Directorate is Philip Chukwuemeka Ikeazor.
The restructuring also sees Emem Nnana Usoro leaving Corporate Services to supervise Operations, while Lamido Abubakar Yuguda has been transferred from Operations to the Financial System Stability Directorate.
The latest changes come as the Central Bank continues efforts to strengthen its internal processes and improve coordination across departments responsible for policy implementation, banking supervision and institutional management.
Although the CBN did not provide reasons for the redeployment, such changes are commonly carried out in large organisations to make use of the experience of senior officials in different areas of responsibility and to support evolving institutional priorities.
