Saturday, Sep 18th 2021 8:51 PM

Market Digest Nigeria


CBN Deputy Governor Serah Alade Retires

Deputy Governor of the Central Bank of Nigeria (CBN), Mrs Serah Alade, has retired from the bank after 24 years.

Mrs Alade was one time the Acting Governor of the CBN after her boss, Mr Lamido Sanusi, was sacked as the CBN Governor by former President Goodluck Jonathan in February 2014.

Until her retirement on Wednesday, Mrs Alade was the CBN Deputy Governor in charge of Economic Policy, a position she held since 2007.

She was actively involved in the drafting of the medium-term economic programme for Nigeria and the International Monetary Fund staff monitored programme/standby arrangement.

Mrs Alade joined the CBN in 1993 as an Assistant Director in the Research Department, where she served as head, State Government Finance Office (1993-1996); head, Federal Government Finance Office (1996-2000); and head, Fiscal Analysis Division (2000-2004).

She was appointed director, banking operations department in May 2004 and in that capacity, she served as the chairman, Board of Directors, Nigeria Interbank Settlement System as well as secretary, National Payments System Committee.

Mrs Alade also served on teams conducting major economic policy studies, and had been involved in the preparation of the CBN’s monetary and credit policy proposals over the years.

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