The Nigerian Senate on Wednesday confirmed Lamido Yuguda as the Deputy Governor of the Central Bank of Nigeria (CBN), marking a significant development in the country’s financial leadership.

Yuguda’s confirmation came after his screening and subsequent clearance by the Senate Committee on Banking, Insurance and Other Financial Institutions, which reviewed his qualifications and experience for the role.

Lawmakers approved his appointment during plenary, signaling confidence in his ability to contribute to monetary policy formulation and financial system stability.

Yuguda, who has held key positions within the financial sector, is expected to strengthen the apex bank’s regulatory and supervisory functions amid ongoing economic reforms.

More details to follow as the story develops.