CBN assigns roles to deputy governors

On Friday, the Central Bank of Nigeria (CBN) assigned responsibility to the four deputy governors confirmed on Tuesday by the Senate.

Consequently, Bala Bello will be responsible for corporate services, and Mohammed Sani will be in charge of economic policy.

Philip Ikeazor is now deputy governor in charge of financial system stability (FSS), while Emem Usoro is responsible for operations.

Having been successfully screened on Tuesday, the team resumed at the Bank on Friday.

Olayemi Cardoso on Tuesday was confirmed as the governor of the CBN alongside the four deputy governors by the Senate.

The new CBN governor promised to pull back from aggressive development finance, ensure a culture of transparency, compliance and collaboration, and embark on zero tolerance for breaches of the CBN Act.

Cardoso said his immediate priority would be to work out ways to aggressively offset massive FX obligations as part of measures to attack the current naira downturn, which has become a huge burden for the economy.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.