SATURDAY 20TH DECEMBER 2025

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With 100 Days to Recapitalisation Deadline, 16 Banks Meet Capital Thresholds Others in race to beat March timeline Cardoso: Our focus is ensuring orderly completion, enthroning strong banking industry

Nume Ekeghe

With just 100 days before the March 31, 2026

recapitalisation deadline, 16 banks have already met the

required capital thresholds, signaling a major milestone

in Nigeria’s ongoing banking sector reform.

So far, the banks that Continued on page 5

President Reads Riot Act to Governors, Threatens Executive Order on LG Funds...

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Saturday December 20, 2025 Vol 30. No 11213

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INEC Intervenes as PDP Leadership Crisis Deepens Turaki, Mohammed lead factions to meet Amupitan Saraki assures peace in sight, says party won’t die

Chuks Okocha, Adedayo Akinwale in Abuja, Hammed Shittu in Ilorin and Segun Awofadeji in

Bauchi

The Independent National Electoral Commission

(INEC) yesterday met with the two warring factions of the Peoples Democratic Party (PDP) at

its headquarters in Abuja with the aim of resolving the leadership crisis rocking the party.

This was as a former Senate President and Chairman, National reconciliation committee

of the party before the Ibadan convention, Dr. Continued on page 5

Defence Gets N5.41trn As Tinubu Presents N58.18trn 2026 Budget Proposal FG allocates N3.56trn to infrastructure, N3.5trn for education, N2.48trn for health President talks tough on budget implementation, vows to enforce fiscal discipline PDP, CUPP slam 2026 proposed spending plan

Deji Elumoye, Chuks Okocha, James Emejo, Adedayo Akinwale, Sunday Aborisade, Juliet Akoje In Abuja and Nume Ekeghe in Lagos.

President Bola Tinubu yesterday presented a 2026 Appropriation Bill of N58.18 trillion to the National Assembly, prioritising security with a N5.41 trillion allocation to the defence and security sector in a renewed drive against rising insecurity. This comes as the federal Continued on page 5

PRESENTING 2026 PROPOSED BUDGET...

President Bola Ahmed Tinubu presenting the 2026 Appropriation Bill to a joint session of the National Assembly in Abuja.... yesterday

GODWIN OMOIGUI

Senate Confirms Mohammed, Eyesan as NMDPRA, NUPRC CEOs...

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SATURDAY 20TH DECEMBER 2025 by THISDAY Newspapers Ltd - Issuu