Amidst Tight Monetary Policy, Stanbic IBTC, FCMB, Three Other Banks’ Reserves with CBN Rise to N6.9tn Kayode Tokede
The mandatory reserves of Stanbic IBTC Holdings Plc, First City Monument
Bank (FCMB), and three other Nigerian banks with the Central Bank of Nigeria (CBN) rose to N6.9 trillion in 2025, underscoring the
continued squeeze from the apex bank’s tight monetary stance. The reserves, according to the lenders’ unaudited results
for the year ended December 31, 2025, represent a 6.5 per cent increase from the N6.5 trillion reported in 2024. Some other banks include
Wema Bank Plc and Sterling Financial Holdings Company Plc. At the heart of the surge is the Cash Reserve Ratio (CRR)
policy, a monetary tool the CBN has leaned on heavily in its bid to rein in inflation Continued on page 5
APC Holds LG Congresses in Lagos, Ondo, Gombe, Enugu, Katsina, Others… Page 6 Sunday, February 22, 2026 Vol 31. No 11277
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After Tinubu's Executive Order on Direct Remittance, FG Moves to Probe Past Revenue Collections Demands full compliance from NNPC, NUPRC, others NNPC, Dangote refinery renew strategic alliance
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos Following
President
Bola
Tinubu’s Executive Order mandating the direct remittance of all oil and gas revenues into the Federation Account without
direct deductions, the federal government has commenced moves to investigate past revenue collections and recover
any outstanding sums, THISDAY has learnt. THISDAY gathered that the federal government had directed
agencies, including the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian Upstream Petroleum
Regulatory (NUPRC),
Commission the Nigerian Continued on page 5
APC in Early Lead as INEC Collates Results of FCT Polls Amid Low Turnout
Amupitan, Wike commend peaceful, orderly elections I imposed curfew with Tinubu’s approval, FCT minister replies Kingibe, decries low turnout ADC slams Wike over alleged interference in FCT polls IREV not displaying results, Obidient movement alleges See story on page 5
RENEWAL OF STRATEGIC ALLIANCE…
L-R: Vice President, Dangote Industries Limited, Olakunle Alake; Group Chief Operating Officer, Nigerian National Petroleum Company Limited, Mr. Roland Ewubare; President/CE, Dangote Industries Limited, Aliko Dangote; Group Chief Executive Officer of the NNPC Limited, Mr. Bayo Bashir Ojulari; Group Executive Director, Commercial, Dangote Refinery and Petrochemicals, Fatima Aliko Dangote; and General Counsel/Secretary to the NNPC, Adesua Dozie, during the visit by NNPC leadership to Dangote Petroleum Refinery and Fertiliser Plant in Lekki, Lagos…yesterday