Nigeria, April 29 -- The Senate on Wednesday confirmed the appointment of Lamido Yuguda as deputy governor of the Central Bank of Nigeria (CBN).

The upper chamber confirmed the nominee after considering a report by its Committee on Banking, Insurance and Other Financial Institutions, presented by the committee chairman, Adetokunbo Abiru.

Mr Abiru, the senator representing Lagos East Senatorial District, said the nominee had been screened and cleared by the committee earlier in the day.

He noted that Mr Yuguda was found suitable for the position based on his knowledge and extensive work experience, in line with Section 8(1) of the CBN Act.

The senator added that the nominee demonstrated considerable financial expertise during the scree...