CBN Affirms strength of Nigerian Banking Sector, Issues Routine Guidance for Banks Under Forbearance Banks’ shares dip further
James Emejo in Abuja, Nume Ekeghe and Kayode Tokede in Lagos
In a move aimed at calming market jitters and ensure smooth transition from regulatory forbearance, the
Central Bank of Nigeria (CBN) yesterday affirmed strength of the Nigerian bank sector revealing that it
issued routine transitional guidance to banks navigating post-forbearance adjustments.
Precisely, the central bank stated that the time-bound measures are for some banks still completing their
transition from the temporary regulaContinued on page 9
National Assembly Transmits Landmark Tax Reform Bills to President...Page 43 Wednesday 18 June, 2025 Vol 30. No 11028. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Tinubu: INEC Backbone of Our Democratic Journey, Role Key to Public Trust in Govt Says his commitment to strengthen electoral system unshaken Commission rejects Damagum’s notification for June 30 PDP NEC meeting, says not compliant
Deji Elumoye, Chuks Okocha, Olawale Ajimotokan and Adedayo Akinwale in Abuja
President Bola Tinubu has described the Independent National Electoral Commission (INEC) as the backbone
of Nigeria’s democratic journey, stating that its role in the conduct of free, fair, and credible elections is central
to the trust the public places in the government and in its democratic processes. Tinubu stated this yesterday
at the ground-breaking ceremony for the new national headquarters annex building of the commission
in Abuja. Continued on page 9
Senate Leadership Joins Presidential Trip to Benue, Says It is Tired of Killings SGF assures people of Yelewata of FG’s support, Obi thanks president for visiting state
Chuks Okocha, Michael Olugbode, Sunday Aborisade, Onyebuchi Ezigbo, Juliet Akoje in Abuja, Emmanuel Ugwu-Nwogo in Umuahia, Adibe Emenyonu in Benin City and George Okoh in Makurdi The Senate leadership has offered to accompany President Bola Tinubu to Benue State today, to also commiserate with the people of Yelewata over the recent massacre of their kinsmen by suspected Fulani herdsmen, saying they are tired of the killings. Senate Committee Chairman on Media and Public Affairs, Senator Adeyemi Adaramodu, disclosed the offer yesterday while briefing journalists on the activities of the upper chamber in the last two years. Likewise, Secretary to the Government of the Federation (SGF), Senator George Akume, who visited Yelewata in Guma Local Government Area and the Benue State University Teaching Hospital (BSUTH), Makurdi, where victims of the recent attacks were receiving medical attention, assured the people of the federal government’s support. That was as the 2023 presidential candidate of Labour Party (LP), Mr. Continued on page 9
PRESIDENT TINUBU FLAGS OFF THE INEC HEADQUARTERS BUILDING...
L-R: Minister of State for FCT, Muhamud Mariya; President Bola Ahmed Tinubu; INEC Chairman, Mahmood Yakubu; FCT Minister, Nyesom Wike; Speaker, House of Representatives, Tajudeen PHOTO: GODWIN OMOIGUI. Abass; and Deputy Senate President, Jubril Barau, during the flag-off of the design and construction of the INEC headquarters, Maitama, Abuja, yesterday