Central Bank of Nigeria has announced the formal assumption of office of Lamido Yuguda as Deputy Governor of the apex bank.

Yuguda officially assumed office on Monday, May 11, 2026, after subscribing to the relevant oath at the headquarters of the Central Bank of Nigeria. The ceremony was attended by the Governor of the CBN, Olayemi Cardoso, alongside senior officials of the institution.

The appointment marks a significant development in the leadership structure of the apex bank as the CBN continues efforts aimed at strengthening monetary policy implementation, financial system stability, and regulatory oversight within Nigeria’s banking sector.

Following the oath-taking ceremony, Cardoso welcomed Yuguda into the leadership team of the Central Bank and reaffirmed the institution’s commitment to maintaining sound financial policies and driving reforms within the Nigerian economy.

Yuguda brings extensive experience in financial regulation and public sector leadership to the role. His appointment is expected to support the bank’s ongoing initiatives focused on economic stability, banking sector resilience, inflation management, and financial inclusion.

The assumption of office comes at a critical period for Nigeria’s financial sector as policymakers continue to address macroeconomic challenges, deepen banking reforms, and promote sustainable economic growth.

The Central Bank of Nigeria has in recent months intensified efforts aimed at strengthening investor confidence, stabilizing the foreign exchange market, and enhancing the efficiency of the country’s financial system under the leadership of Governor Cardoso.

Industry observers say Yuguda’s entry into the apex bank’s leadership could further reinforce regulatory coordination and policy execution as Nigeria navigates an evolving economic landscape.