The Nigerian Senate has confirmed Lamido Yuguda as deputy governor of the Central Bank of Nigeria (CBN), alongside the appointment of Peggy Onwu as an independent director of the Nigeria Deposit Insurance Corporation.
The approvals were granted after lawmakers adopted the report of the Senate Committee on Banking, Insurance, and Other Financial Institutions, presented during plenary by committee chairman Adetokunbo Abiru.
Bola Tinubu had nominated Yuguda in March, with the announcement made by his Special Adviser on Information and Strategy, Bayo Onanuga.
“The President charges them to discharge their responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth in their respective roles,” the statement read.
Yuguda, a seasoned economist, previously served as Director-General of the Securities and Exchange Commission Nigeria from 2020 to 2024.
He also worked with the International Monetary Fund and held key roles at the CBN, including Director of the Reserve Management Department.
His confirmation comes amid ongoing adjustments within Nigeria’s economic management team, following recent strategic appointments by the presidency.