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The Federal High Court in Lagos has convicted Femi Thomas, former Executive Secretary of the National Health Insurance Scheme (NHIS), for breaching the N5 million cash transaction limit stipulated by law for individuals. Presiding over the case, Justice Ayokunle Faji on Thursday delivered judgment on charges involving $2,198,900 filed against …

In a strategic move to strengthen its footprint in Nigeria’s gas marketing and distribution value chain, the NNPC Gas Marketing Limited (NGML) has signed a Natural Gas Sale and Purchase Agreement (GSPA) with CCETC Suk Power Limited, enabling the delivery of up to 44 MMscf/d of natural gas. The agreement, …

Moody’s Investors Service has affirmed the ratings of Ecobank Transnational Incorporated (ETI), upgrading the outlook on its long-term issuer and senior unsecured debt ratings from negative to stable, citing improved financial performance and reduced refinancing risks. The agency confirmed ETI’s B3/Not Prime long- and short-term issuer ratings, B3 senior unsecured …

Justice S.M Shuaibu of the Federal High Court sitting in Kano, Kano State, has convicted and sentenced a TikToker, Abubakar Ibrahim, (a.k.a ‘G-Fresh) and Musician, Hamisu Saíd (a.k.a Hamisu Breaker) for abusing the Naira. They were jailed upon their arraignment by the Kano Zonal Directorate of the Economic and Financial …

The Federal Ministry of Education has officially set 12 years as the minimum age for pupils seeking admission into Junior Secondary School One (JSS1) in non-state schools across Nigeria. The development follows the mandatory completion of six years of primary education. The new guideline is outlined in a policy document …

The Presidency has said the 2023 presidential candidate of the New Nigeria Peoples Party, Senator Rabiu Kwankwaso, is wrong to have claimed that the north has been neglected by the Bola Tinubu-led administration. Kwankwaso had alleged while speaking at Coronation Hall, Kano Government House, on Thursday, during a stakeholders’ engagement …

Seven suspects arrested for alleged involvement in theft of N1 billion from TajBank’s agency banking platform have been sentenced to various prison terms after they pleaded guilty to separate one-count charges, bordering on impersonation, money laundering, retention of proceeds of crime and unauthorized bank transfers filed against them by the …

..As Ibese Plant donates farming inputs to host community farmers Minister of Solid Mineral Development, Mr. Dele Alake has lauded the management of Dangote Cement, Ibese for its contributions to the development of its host communities saying its many social investments have succeeded in fostering economic development and social cohesion …

·                   Revolutionises Remittances with PAPSS Instant Payment Service Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced that its Artificial Intelligence chatbot, LEO is now enabled to carry out cross-border payment transactions. By this, LEO becomes Africa’s first AI-powered chatbot to facilitate cross-border payments, offering customers a seamless and …

To boost rice production in the country, Dangote Rice Limited, a subsidiary of Dangote Industries Limited yesterday in Lagos signed a purchase and sale agreement with Niger State Government owned Niger Foods Security Systems and Logistics Company Limited on steady supply of Paddy rice. Dangote Rice and Niger Foods are …