The Nigerian Senate has confirmed the appointment of Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN).
The lawmakers also approved Peggy Onwu as an independent director on the board of the Nigeria Deposit Insurance Corporation.
Both confirmations followed the review of a report presented by the Senate Committee on Banking, Insurance, and Other Financial Institutions, led by Adetokunbo Abiru.
Bola Ahmed Tinubu had earlier nominated Yuguda in March, urging him to bring professionalism and strong commitment to Nigeria’s economic stability.
Yuguda is no stranger to the financial system. He previously served as Director-General of the Securities and Exchange Commission (SEC) from 2020 to 2024 and has decades of experience, including roles at the CBN and the International Monetary Fund (IMF).
His confirmation comes amid ongoing changes in Nigeria’s economic management team, as the government looks to strengthen its financial institutions and drive economic growth.
The development is already drawing attention, with many watching how the new appointments will impact the country’s monetary policies moving forward.
