Nigeria, June 2 -- The Central Bank of Nigeria (CBN) has announced a reshuffle of four deputy governors, with the changes taking effect from 1 June.

CBN disclosed the redeployment through an update on its website, showing fresh responsibilities for the four deputy governors, as the institution continues to oversee monetary policy, financial sector regulation, and other key functions of the nation's economy.

The redeployment is part of the CBN's reforms to strengthen confidence in the financial sector, improve regulatory effectiveness, and support macroeconomic stability.

Under the new arrangement, Muhammad Abdullahi has been moved from the Economic Policy Directorate to head the Corporate Services unit.

Mr Abdullahi will now oversee a...