The Central Bank of Nigeria (CBN) has announced a strategic redeployment of its four deputy governors, with the changes taking effect from June 1, 2026.

The portfolio realignment, published on the apex bank’s official website, is aimed at strengthening policy implementation, operational efficiency, institutional management, and financial system oversight.

Under the new arrangement, Philip Ikeazor has been reassigned to oversee the Economic Policy Directorate, while Muhammad Sani Abdullahi will now head Corporate Services.

Similarly, Emem Usoro has been placed in charge of Operations, while Lamido Yuguda takes responsibility for Financial System Stability.

The reshuffle positions experienced officials in critical areas of the bank’s operations, reflecting the CBN’s commitment to enhancing effectiveness across its core mandates.

The Central Bank is led by Governor Olayemi Cardoso alongside the four deputy governors.

The development comes shortly after the bank’s Monetary Policy Committee (MPC) concluded its 305th meeting, during which it retained the benchmark interest rate at 26.50 percent, maintaining its cautious approach to inflation and monetary management.

Analysts view the redeployment as part of ongoing efforts to strengthen institutional capacity and support the implementation of key monetary and financial sector reforms.