CBN Seeks to Curb Parent Companies' Influence on Banks' Lending Decisions
Proposes mandatory 51% ownership stake in subsidiaries to strengthen control, accountability
Nume Ekeghe
The Central Bank of Nigeria (CBN) has proposed a
sweeping overhaul of the regulatory framework for
Financial Holding Companies (HoldCos), including measures
to strengthen the operational independence of subsidiaries by
prohibiting parent companies Continued on page 5
Elon Musk Makes History as World’s First Trillionaire With SpaceX IPO...
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Saturday June 13, 2026 Vol 31. No 11388
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Security Forces Capture Notorious Gunmen, Caches of Arms, Ammunition in Enugu...
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Makinde: Abducted Pupils, Teachers Still Held in Old Oyo National Park Kemi Olaitan in Ibadan
Oyo State Governor, Seyi Makinde, yesterday disclosed that the students and teachers
abducted by suspected bandits in Oriire local government area of the state nearly a month ago are still being held within the Old Oyo National Park.
Makinde made the disclosure in his Newsletter No. 140 released yesterday, assuring residents that security agencies were intensifying efforts to
secure the victims’ safe release. According to the Governor, it has been 27 days since the school children and their teachers were abducted, leaving
their families and communities worried about their fate. The victims were kidnapped during coordinated attacks on Baptist Nursery and Primary
School, Yawota, Community Grammar School and L.A. Primary School in Esinle on Continued on page 5
Democracy Day: Leaders, CSOs Warn of Democratic Backslide, Demand Reforms Seek improved security, prosperity, good governance Insist Nigeria yet to fulfil democratic promises, call for accountability Akpabio, Atiku, Obi, Ooni, Uzodimma, Saraki, Falana seek secured Nigeria
Chuks Okocha, Michael Olugbode, Sunday Aborisade in Abuja, Sunday Ehighiator in Lagos, Yinka Kolawole in Osogbo, Ahmad Sorodinki in Kano, Segun Awofadeji in Bauchi
As Nigeria yesterday marked 27 years of uninterrupted democratic rule, eminent Nigerians, political leaders, traditional rulers, civil society organisations and governance advocates have warned that rising insecurity, poverty, corruption and weakening institutions were threatening the country's democratic gains Some of those who gave the warning included former Senate President Dr. Bukola Saraki; Continued on page 5
STRATEGISING AHEAD OF 2027 ELECTIONS...
L-R: Prof. Pat Utomi; Presidential Candidate, Nigeria Democratic Congress (NDC), Peter Obi; party’s Founder and Leader, Senator Seriake Dickson, and the Senator representing Anambra Central in the 10th Senate, Senator Victor Umeh, after a closed-door meeting held in Abuja…yesterday
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