ASUU Conditionally Suspends Eight-Month Strike

Image

By Adedapo Adesanya

The Academic Staff Union of Universities (ASUU) has suspended its eight-month-old industrial action conditionally.

ASUU commenced the strike on February 14 this year after its dialogue with the Muhammadu Buhari-led administration yielded no immediate solution.

The union decided to suspend the strike during a meeting of its leadership that started on Thursday night and lasted into the early hours of Friday.

The meeting was called by the union to determine its next line of action after its state branches met over the Court of Appeal ruling last week.

The Court of Appeal had ordered ASUU to suspend the strike before its appeal of the ruling ordering lecturers to resume work could be heard.

Members of the union’s National Executive Committee, which comprises the chairmen of the state chapters and members of the national executive, attended the meeting at the ASUU National Secretariat in Abuja.

Last week, the Court of Appeal sitting in Abuja granted leave to the union to appeal the decision of the National Industrial Court of Nigeria delivered on September 21.

In a ruling delivered by Justice Hamman Barka on October 7, 2022, and made public on Thursday (yesterday), the court granted ASUU seven days to file its notice of appeal before the National Industrial Court on the condition that the order of the lower court is obeyed immediately.

ASUU had on September 28, 2022, applied to the court to grant it leave to appeal against the interlocutory order of Justice Polycarp Hamman of the National Industrial Court.

ASUU also asked for an order staying the execution of the decision of the National Industrial Court pending the hearing and determination of its appeal.

Share
Related Stories
Image
13-February-2024

NSIA Offers $220,000 Prize in Second Innovation Competition

By Adedapo Adesanya The Nigeria Sovereign Investment Authority (NSIA) has announced the launch of the second edition of the NSIA Prize for Innovation (NPI 2.0), with a combined prize value of $220,000 and an all-expense paid, five-week training at Draper University, Silicon Valley, USA. The maiden edition of the NPI Programme recorded over 2,000 applications and a rigorous selection process, from which 25 start-ups proceeded to the accelerator phase. Following this, 10 finalists advanced to the demo day to pitch their refined solutions to a panel of seasoned entrepreneurs, innovators, and technology business leaders. The first three start-ups and seven

Image
23-February-2024

Okpe Leaders Want Completion of Sapele Polytechnic, University in Orerokpe

By Henry Ovie The Delta State Governor, Mr Sheriff Oborevwori, has been tasked to make efforts to complete the Sapele Polytechnic, which was started by the administration of Mr Emmanuel Uduaghan. This call was made by some prominent leaders from the Okpe kingdom, who said the completion of the school and the establishment of a university in Orerokpe would assuage, “to some extent,” the people of the areas, who they said have been “historically neglected.” On Thursday, the leaders held a crucial meeting of the National Executive Council (NEC) of the Okpe Union worldwide. They commended Mr Oborevwori for responding

Image
12-February-2024

Wigwe University Pledges to Forge Ahead Despite Founder’s Death

By Adedapo Adesanya The management of Wigwe University, the tertiary institution established by the late group chief executive of Access Holdings Plc, Mr Herbert Wigwe, has promised to carry on the visions of the late founder. Recall that Mr Wigwe alongside his wife, Doreen, his son, Chizi, and a former chairman of the Nigerian Exchange (NGX) Group Plc, Mr Abimbola Ogunbanjo, all died in a helicopter crash in the United States over the weekend. He had made a substantial investment of $500 million to establish a new university in Rivers State to address the skills gap in the finance and

Image
22-January-2024

Abraham Daramola of Hallmark School Wins InterswitchSPAK 5.0

By Aduragbemi Omiyale A student of Hallmark Secondary School, Ondo State, Master Abraham Daramola, has emerged as the winner of the fifth InterswitchSPAK National Science Competition. The programme climaxed on Sunday, January 21, 2024, with nine students vying for the overall glory of the foremost competition designed to promote Science, Technology, Engineering, and Mathematics (STEM) subjects in the country. With the win, Master Abraham gets a university education scholarship valued at N7.5 million, spread over 5 years, inclusive of a monthly stipend plus a brand-new laptop, and the prestigious recognition as the best STEM student in Nigeria. Securing the second

More Stories
Image
27-October-2017

European Shares Rise to Highest Level in 5 Months

By Investors Hub European stocks have risen to their highest level in nearly five months on Friday, with a weaker euro and a slew of well-received corporate earnings supporting underlying sentiment. The euro extended weakness into a second day after the European Central Bank pledged to continue with bond purchases beyond September 2018 despite strong growth. Meanwhile, investors shrugged off survey data from statistical office Insee showing that French consumer confidence weakened unexpectedly in October. While the U.K.’s FTSE 100 Index has inched up by 0.1 percent, the German DAX Index and the French CAC 40 Index are up by

Image
27-October-2021

Let Professionals Handle Government Projects—Engineers to FG

By Ashemiriogwa Emmanuel The Nigeria Society of Engineers (NSE) has urged the federal government to always outsource its project to professionals capable of executing the job well and stop patronising quacks. The group stated that the failure of the government to consult with NSE representatives when preparing a budget on infrastructure has resulted in poor infrastructural development in Nigeria. A member of the NSE, Mr Olufemi Babalola, said this at the 27th Arokodare memorial public lecture held on Monday, October 25, at the University of Ibadan. He said that a Chartered Institute of Project Management of Nigeria’s survey revealed that

Image
17-June-2020

EFCC Arrests First Bank Staff for N18m ATM Fraud

By Modupe Gbadeyanka An employee of First Bank Nigeria Limited, Mr Philips Orumade, has been apprehended by operatives of the Economic and Financial Crimes Commission (EFCC). According to a statement issued by the anti-graft agency on Tuesday, Mr Orumade was picked up by its officials from the Benin Zonal Office in Lagos. The banker had been on the run after he allegedly stole over N18 million from the lender’s ATM gallery last year and disappeared into thin air. In the statement, the EFCC said the suspect precisely went away with about N18.9 million from the Aduwawa branch of First Bank

Image
08-February-2017

AfDB Shares Insights to Better Bargaining

By Modupe Gbadeyanka At the ongoing Indaba: Investing in African Mining conference in Cape Town, South Africa, the African Development Bank (AfDB) held its maiden session as a presentation on its knowledge tool on support to negotiations followed by a panel discussion with experts and political leaders, on February 6 at the Cape Town International Convention Centre. In addition to the Bank representatives, the two-hour session attracted private sector and government representatives, including Jean-Claude Brou, Minister of Mines and Industry for Côte d’Ivoire; Addi Azza, an Adviser to the Minister of Mines, Water and Environment, Kingdom of Morocco; Torge Hamkens

Image
23-January-2024

inDrive Ranks Second Most Downloaded Ride-Hailing App

By Adedapo Adesanya Global mobility and urban services platform, inDrive, has been ranked as the world’s second most downloaded ride-hailing app in 2023, retaining this spot for a second consecutive year, according to data.ai. inDrive, operating across 46 countries globally, including Nigeria and eight others in Africa, also achieved a notable milestone as it ranked as the fourth most downloaded application worldwide in the Travel category. inDrive was also the most downloaded ride-hailing app in 13 countries with a combined population of over 559 million in 2023, including markets like Pakistan, Columbia, Egypt, Peru and, Morocco, data.ai stated. Total downloads

Image
11-April-2019

Paxful Introduces New Feature for Safer Bitcoin Marketplace

By Modupe Gbadeyanka As part of its determination to make the Bitcoin space safer for its customers, Paxful, a peer-to-peer Bitcoin marketplace, has announced teaming up with a digital identity and address verification company known as Jumio. This is to improve Anti-Money Laundering (AML) procedures and implement Know Your Customer (KYC) requirements onto the marketplace. Jumio’s AI-powered Trusted Identity Service and verification process will help minimize risk and ensure all users have submitted proper documentation. Jumio’s end-to-end identity verification and authentication technologies will be used to fight fraud and maintain compliance when onboarding users in order to continue to enrich

Image
06-October-2021

Expert Advises NGX to Make Sustainable Reports Mandatory for All Listed Companies

By Ashemiriogwa Emmanuel A Partner and Head of Sustainability Services at Africa’s leading professional service firm, PricewaterCooper (PwC) Nigeria, Mrs Rukaiya El-Rufai, has advised the Nigerian Exchange (NGX) Limited to make sustainable reports mandatory for all companies listed on its platform. At the moment, only firms on its premium board are mandated to adhere to the exchange’s Sustainable Disclosure Guidelines (SDG), a development Mrs El-Rufai faults as she said it is not encouraging in advancing the integration of sustainability into organisations. Speaking at the eighth edition of the annual PwC Capacity Enhancement Workshop held virtually on Tuesday and monitored by

Image
10-June-2017

Gauging Leaps and Bounds of UBA Plc, Lion of Africa’s Banking

The United Bank of Africa has once again asserted its position as the lion of Nigeria’s banking. Most analysts agree on that, looking at the way it cut through on economic headwinds in the first quarter of 2017. Quarterly reports, ratings, peer competitiveness, ready shareholders, and a motivated workforce are reasons the UBA will do better as leadership and market share go. Ending 2016 with N384 billion in earnings, which was 22 percent increase from 2015’s  figure, and a 32 percent rise in profit after tax to N91 billion, the bank ramped up N23 billion in the first quarter of

Ad
Ad
Recent Stories
Image
29-February-2024

Navigating the Complex World of Investing: What Novices Need to Know

Have you finally decided to take the leap into the exciting arena of investing? Not only is this an excellent way to secure a lucrative nest egg for the future, but many have begun to use these opportunities as a springboard for their businesses. However, appreciating the intricacies of online trading is no easy task. A great deal of preparation will be required and mistakes can occur on occasion. This is why knowing where to begin is one of the best ways to establish strong foundations. Let us therefore cut through a fair amount of “fluff” and examine a handful

Image
29-February-2024

No Going Back on Reforms—Tinubu

By Adedapo Adesanya President Bola Tinubu has said there is no going back on the reforms embarked upon by his government that have led to the hike of essential goods and services in the country. He made this known as he inaugurated the Red Line Rail Project in Lagos on Thursday. The project, an intra-state rail service, is aimed at improving transportation within the city and spans 37 kilometres. Speaking while inaugurating the project, the President reiterated his administration’s commitment to improving the nation’s infrastructural development. He said, “But this revolution that has started, this reform that is ongoing, we

Image
29-February-2024

Senate Confirms Appointment of Four Nominees to CBN Board

By Aduragbemi Omiyale The appointment of four nominees to the board of the Central Bank of Nigeria (CBN) has been confirmed by the Senate. The nominees were confirmed for the position at the plenary on Thursday after the presentation of the report of the Senate Committee on Banking, Insurance and Other Financial Institutions. Chairman of the committee, Mr Tokunbo Abiru, informed his colleagues that only four of the five persons nominated by President Bola Tinubu appeared for screening. The nominees screened and confirmed to join the board of directors of the central bank are Robert Agbede, Ado Yakubu Wanga, Murtala

Image
29-February-2024

Africa Beyond Russia’s Grains Partnerships

By Kestér Kenn Klomegâh Until sustainable food security is established through modernizing agriculture and ensuring adequate support for local farmers, Russia’s grain supply would be a soft geostrategic bait (i) to reinforce the existing time-tested relationships with Africa and (ii) to solicit an endorsement for the unprovoked war in Ukraine. In a speech delivered on March 20, 2023, during the interparliamentary conference ‘Russia-Africa’ held in Moscow, President Vladimir Putin described six African countries as the least developed and poorest in the world that are urgently in need grains, alternatively referred to as humanitarian aid, to feed its population. The beneficiary

Image
29-February-2024

MasterCard, MTN Partner to Boost Digital Commerce, Payments

By Aduragbemi Omiyale A partnership aimed at driving acceleration of the mobile money ecosystem in Africa across 13 markets has been entered into between Mastercard and MTN Group Fintech. This is coming shortly after the payments giant completed the purchase of a minority stake in the telecommunications company. The deal will see Mastercard giving a prepaid virtual card tailored for MTN’s MoMo customers, granting them access to over 100 million acceptance points worldwide. Additionally, it will empower MoMo merchants to seamlessly accept card payments, enhancing the platform’s instant cross-border money remittance services and capabilities. Further, Mastercard will use its cutting-edge

Image
29-February-2024

Adesina to Receive Prestigious Obafemi Awolowo Prize for Leadership

By Ichie Enyi Ejike Umunnabuike Jr Come March 6, 2024, the Lagos Continental Hotel will host an unforgettable occasion when the President of the African Development Bank (AfDB), Mr Akinwumi Ayodeji Adesina, will be formally honoured and presented with the distinguished Obafemi Awolowo Prize for Leadership 2023. The Obafemi Awolowo Prize for Leadership was first announced in December 2012, with the official award ceremony held on March 6, 2013. Before Mr Adesina was announced as its fourth recipient, three other distinguished personalities had been conferred with the prestigious award – Noble Laureate, Prof. Wole Soyinka; former South African President, Thabo

Image
29-February-2024

Exploring Diverse and Evolving Sounds of Africa

Africa’s music scene is a sonic melting pot, where rhythms collide and cultures connect. It’s a universal language, a force that breaks boundaries and fuels the soul. This sonic tapestry isn’t just diverse – it’s explosive. Afrobeats and Amapiano own the spotlight right now. Those irresistible Afrobeats hooks? They’ve got the whole world dancing. And Amapiano’s hypnotic blend of South African house and street sounds? It’s straight-up addictive. Mainstream African artists are pushing the boundaries like no one else, taking Amapiano and running with it. They’re injecting their fire, creating a whole new flavour. This is proof that African music

Image
29-February-2024

Nigeria Needs Policies that Prioritize Economic Recovery—Peter Obi

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi, has raised concerns over the recent decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to increase the Monetary Policy Rate (MPR) to 22.5 per cent and the Cash Reserve Ratio (CRR) to 45 per cent. Mr Obi warned that this move is likely to worsen the ongoing economic challenges faced by many Nigerian households, and emphasized the need for policies that prioritize economic recovery. In a statement issued via X (formerly Twitter), the businessman and former

Image
29-February-2024

Silence Laboratories Raises $4.1m for Privacy-Preserving Computing

By Adedapo Adesanya Silence Laboratories has announced securing $4.1 million in funding to enable privacy-preserving collaborative computing led by Pi Ventures and Anurag Arjun, along with several prominent angel investors. In a statement shared with Business Post, the company said with the market for privacy-enhancing technologies (PETs) growing globally at a compound annual growth rate of 26.6 per cent, there is growing demand. In recognition of this, Silence Laboratories is offering to provide mathematical guarantees for techno-legal expectations as part of a mission to create infrastructure to enable complex data collaborations between enterprises and entities, without any sensitive information being

Image
29-February-2024

MainOne Stretches Submarine Cable to Akwa Ibom

By Modupe Gbadeyanka A submarine cable spanning 45,000km in length known as 2Africa has been landed in Akwa Ibom State by MainOne, an Equinix company. It is one of the world’s largest subsea cable projects and will interconnect Europe, Asia, and Africa, with a design capacity of up to 180Tbps. The cable is the first and only submarine cable system in Nigeria outside of Lagos, and it marks a significant milestone in enhancing broadband connectivity and driving economic development in the South-South, South-East and North-Central regions of Nigeria. The significance of 2Africa lies in its capacity to address critical internet