Court to Rule on FG’s Suit to Stop ASUU Strike on Wednesday

Image

By Modupe Gbadeyanka

The federal government will know its fate on the interlocutory motion it filed against the Academic Staff Union of Universities (ASUU) at the National Industrial Court on Wednesday, September 21, 2022.

The government asked the court to direct the university lecturers to suspend their industrial action and return to the classroom and continue negotiations on the differences between them.

The leadership of ASUU had ordered its members to stay away from classes since February 14, 2022, pending when the agreement signed between the union and the federal government in 2009 is honoured.

The government had made efforts to put an end to the action, but the lecturers want their demands met before returning to work.

A few weeks ago, the government threatened not to pay the salaries of the teachers if they failed to go back to work. It then filed a suit before the court, seeking an order to force them to shelve the strike.

Last week, the court had fixed today for a hearing of the interlocutory injunction filed by the government.

When the case came up today, Justice Peter Hamman said a ruling on the matter would be given on Wednesday.

Share
Related Stories
Image
20-November-2023

OkadaBooks to Shut Down Operations Over “Insurmountable” Challenges

By Adedapo Adesanya Nigerian e-book distribution startup, OkadaBooks, which allows users to bypass traditional publishers and publish their stories, will shut down by the end of this month. In a message seen by Business Post on Monday, the platform, which was established by Mr Okechukwu Ofili, said, “After much consideration and reflection, we have come to a difficult decision, OkadaBooks will be closing its virtual doors on November 30, 2023.” The statement added that, “This has not been an easy choice. We’ve explored various avenues to keep our virtual bookshelves alive, but, unfortunately, the challenges we face are insurmountable.” Mr

Image
11-October-2023

Northern Nigeria Faces Educational Threat—Lawmaker

By Bliss Okperan A lawmaker representing Kaura-Namoda/Birnin Magaji Federal Constituency in the National Assembly, Mr Aminu Sani Jaji, has raised alarm over the safety of children in schools in some parts of Northern Nigeria. The part of the country has witnessed kidnappings by terrorists and bandits, including in schools, leading to a low appetite for education over safety issues. While addressing newsmen in Abuja, he said, “These concerns intensify as incidents like the kidnapping of Federal University Gusau students follow purported dialogues, prompting public figures to call for a holistic approach to address the insecurity crisis decisively.” “Addressing the issue

Image
12-October-2023

Stakeholders Seek Innovative, Sustainable Education for Underprivileged Children

By Modupe Gbadeyanka Operators within the private sector have been charged to promote innovative and sustainable approaches to uplift the educational standards for underprivileged children living in low-income communities. It was submitted that private sector collaborations would offer the advantage of diffusing emotional burdens, leading to more informed and intelligent decision-making, as together, they can achieve much more to support the provision of sustainable education for the Nigeria youth. This was the view of some participants at the Special Foundation annual summit, the Transforming Education Summit 2023, themed Enhancing Access and Quality Education in Africa. The event, held at the

Image
28-September-2023

More Schools to Join Airtel, UNICEF Re-imagine Education Program in Nigeria

By Aduragbemi Omiyale There are plans to add more schools to the Re-imagine Education program of Airtel Nigeria and the United Nations Children’s Fund (UNICEF) in Nigeria. In December 2022, both organisations launched the initiative to transform education, leveraging the power of technology to enhance teaching and learning experiences for children across the country. With a shared vision of empowering children through education, Airtel and UNICEF have been working together to provide innovative solutions that bridge the digital divide and create equal opportunities for all children. The two parties have promised to continue to work hand in hand to expand

More Stories
Image
12-September-2019

We Won’t Inflict More Hardship on Nigerians–Buhari

By Modupe Gbadeyanka Nigerians were assured on Thursday by President Muhammadu Buhari that the federal government will not inflict additional hardship on them, rather it will keep seeking ways to ameliorate their sufferings and create a more enabling environment for everyone to thrive. This assurance was given when President Buhari met with the new executive of Trade Union Congress led by its President, Comrade Quadri Olaleye, at the State House. Mr Buhari informed the labour leaders that his administration was committed to the implementation of the national minimum wage, pointing out that the inaugural Federal Executive Council meeting held on

Image
14-May-2018

Asian Equities Surge as US, China Continue Trade Talks in Washington

By Investors Hub Most Asian stocks rose on Monday as the U.S. and China prepared to continue trade talks in Washington. Investors held hopes for a thaw in U.S.-China trade tensions after President Donald Trump said on Sunday that he would help Chinese technology company ZTE Corp. “get back into business, fast,” as it was hurt by a U.S. ban. Chinese shares rose as trade tensions eased and investors awaited MSCI’s final A-share inclusion list. The benchmark Shanghai Composite index rose 10.87 points or 0.3 percent to 3,174.14. Hong Kong’s Hang Seng Index jumped 419.02 points or 1.4 percent to

Image
21-September-2023

Truecaller Rebrands, Introduces Search Context Feature

By Aduragbemi Omiyale The popular call identification and blocking app, Truecaller, has changed its identity as part of its rebranding strategy to deliver more quality services to its customers. The firm has changed its logo and app icon and has introduced a new anti-fraud feature called Search Context as a part of its Artificial Intelligence (AI) identity engine. In a statement, Truecaller said the upgraded AI identity features were put in place for fraud prevention, giving customers more value. According to the company, this signifies a renewed and strong focus on consumer privacy and enhanced safety in communication. It stated

Image
07-June-2022

Sendy, Google Join Forces to Empower MSMEs in Nigeria

By Modupe Gbadeyanka An initiative aimed to empower entrepreneurs in the micro, small and medium enterprises (MSMEs) in Nigeria and Africa as a whole has been launched by Sendy in partnership with Google. Sendy, a tech company that builds fulfilment infrastructure for e-commerce and consumer brands, will provide expert training on business strategy & development, digital marketing, and financial planning through the scheme tagged Google Hustle Academy. A statement issued by the firm explained that the participants will have access to key industry leaders and master classes on business to help create opportunities, boost business growth and job creation across

Image
19-May-2023

Oyo Introduces Mobile App to Track Waste Collection

By Modupe Gbadeyanka A mobile app designed to monitor waste management, especially to track waste collection, has been introduced by the Oyo State government. This is part of a new step geared towards simplifying waste management in the pace-setter state and making it one of the cleanest states in the country. The Oyo State Waste Management Consultant, Mottainai Recycling, unveiled the app on Thursday in Ibadan, the state capital. The Chief Strategy Officer of Mottainai Recycling, Ms Uloma Airhienbuwa, disclosed that the easy-to-use application would help track the ‘movement and management’ of hazardous and other solid wastes. According to her,

Image
22-October-2016

Effective Plan-Budget Link Critical To Development—Mede

By Modupe Gbadeyanka Permanent Secretary in the Ministry of Budget and National Planning, Mrs Nana Fatima Mede, has described effective plan-budget link as critical for attaining inclusive growth. Mrs Mede stated this in her remarks during a Specialised Training Programme on Strategic Planning and Effective Linkage to Budgeting Process, organized by the Ministry of Budget and National Planning in Kano. She said it was clear that the role of strategic planning and effective linkage to budgeting process was very critical towards the realisation of the aspirations of any nation. Mrs Mede, represented at the occasion by Alhaji Aminu Yargaya, Assistant

Image
18-September-2023

180 Enugu Teachers Undergo Advanced STEM Training

By Modupe Gbadeyanka At least 180 teachers in Enugu State have undergone a six-month training in Science, Technology, Engineering, and Mathematics (STEM) subjects. The advanced STEM training is to equip the educators picked from public schools in the state with the latest STEM teaching tools and methodologies. The programme was facilitated by the Teacher Aid Initiative (TAI) and the TY Danjuma Foundation to boost STEM education. Recent statistics highlight a growing gap in STEM education across Africa, underscoring the pressing need to invest in initiatives that inspire and prepare the next generation for STEM careers. This collaboration between TAI and

Image
18-February-2022

NDEP, NASD Further Pull Down Unlisted Securities Market by 0.21%

By Adedapo Adesanya Whatever hopes the NASD Over-the-Counter (OTC) Securities Exchange had of returning to the bullish zone was dashed on Thursday as negative price movements in Niger Delta Exploration and Production (NDEP) Plc and NASD Plc further dragged the bourse down by 0.21 per cent. The oil and gas investment closed the session at N229.00 per unit compared with N235.00 per unit of the preceding session, indicating a decline of N6 or 2.6 per cent, while NASD Plc suffered a 49 kobo or 5.8 per cent drop to sell at N8.48 per share as against N8.97 per share it

Ad
Ad
Recent Stories
Image
02-December-2023

Strong Inflationary Pressures Keep Nigeria’s Private Sector PMI Down

By Modupe Gbadeyanka Strong inflationary pressures in November further negatively impacted companies in Nigeria, with new orders and output both falling as customers were either reluctant or unable to pay higher charges. Purchase prices rose at the fastest pace in almost two years amid exchange rate weakness and higher costs for fuel and materials. According to the latest Purchasing Managers’ Index (PMI) from Stanbic IBTC, business conditions remained under pressure, scoring 48.0 points last month compared with the 49.1 points it garnered in October 2023. Readings above 50.0 signal an improvement in business conditions, while readings below 50.0 show deterioration.

Image
02-December-2023

Coker-Odusote: 100 Days at the Helm of NIMC

By Walter Duru, Ph.D It was Albert Einstein who once said that “setting an example is not the main means of influencing another, it is the only means.” That sentiment expressed by Einstein is the primary essence behind the theory of transformational leadership, which requires passion, charisma, and the ability to motivate others. Transformational leaders are usually very authentic, emotionally intelligent, great listeners, results-focused, visionary, and self-aware. In just 100 days at the helm of the National Identity Management Commission (NIMC), Engr. Abisoye Coker-Odusote has ushered in a new era of transformational leadership, leaving an indelible mark on the organization. Her eventual confirmation

Image
02-December-2023

Partnerships for Progress: Collaboration Between Banks and Fintechs is the Future of Banking in Africa

By Ike.S Anison Historically, the formal banking sector’s penetration in Africa has been relatively low. And, while there has been significant improvement in this area in recent years, there is still a significant portion of the population on the continent who are unbanked or lack access to financial services. According to the World Bank, approximately 350 million adults in sub-Saharan Africa are still unbanked, accounting for 17% of the 2 billion global unbanked population. This has largely been due to a struggle to tap into the continent’s low-income segment, the widest proportion of the population. Consumers within this market feel

Image
02-December-2023

Naira Plunges 11.4% to N927/$1 at Official Market as FX Demand Rises

By Adedapo Adesanya The Naira started the first trading session in the last month of 2023 on a negative note after it depreciated against the Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM), which is the official FX window, by 11.4 per cent or N94.87 on Friday, December 1, closing at N927.19/$1, in contrast to Thursday’s exchange rate of N832.32/$1. The December rush for forex contributed to the weakening of the domestic currency in the spot market yesterday, as the supply of foreign currency could not meet what customers needed. Data showed that the value of FX transactions recorded

Image
02-December-2023

Newrest, FrieslandCampina, Acorn Drive 0.14% Gain at Unlisted Stock Market

By Adedapo Adesanya The trio of Newrest Asl Plc, FrieslandCampina Wamco Nigeria Plc, and Acorn Petroleum Plc made the NASD Over-the-Counter (OTC) Securities Exchange appreciate by 0.14 per cent on Friday, December 1. The three gainers pressed down the 8 Kobo loss reported by UBN Property Plc, which closed the trading session at N1.52 per unit compared with the preceding day’s value of N1.60 per unit. During the trading day, Newrest Plc gained N1.46 to close at N16.10 per share compared with Thursday’s closing price of N14.64 per share, FrieslandCampina Wamco Plc moved up by 60 Kobo to end the

Image
02-December-2023

Oil Falls on Worries About Voluntary Supply Cuts

By Adedapo Adesanya Oil slumped by more than 2 per cent on Friday as traders showed scepticism about the depth of supply cuts by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) as well as concerns about sluggish global manufacturing activity. Brent crude went down by $1.98 or 2.45 per cent to close at $78.88 a barrel as the US West Texas Intermediate (WTI) crude dropped $1.89 or 2.49 per cent to sell for $74.07 a barrel. For the week, Brent posted a decline of about 2.1 per cent, while WTI lost more than 1.9 per cent.

Image
02-December-2023

Sanwo-Olu Assures Businesses More Incentives, Commissions New Godrej Factory

By Modupe Gbadeyanka Business owners in Lagos have been assured of more incentives by the state governor, Mr Babajide Sanwo-Olu, who added that this is part of his administration’s commitment to reforms aimed at improving the ease of doing business and enhancing investment opportunities. Speaking at the commissioning of the newly-built wet hair production factory of Godrej Nigeria Limited, the Governor said his government would continue to pursue actions that would eliminate red tapes and regulatory impediments hindering the growth of businesses in the state, thereby demonstrating his willingness for continued collaboration with the private sector to improve the livelihood

Image
02-December-2023

Nigerian Exchange Begins December With 0.08% Growth

By Dipo Olowookere The Nigerian Exchange (NGX) Limited commenced the first trading session in December 2023 on a bullish note, with a marginal growth of 0.08 per cent. Sustained buying pressure kept Nigerian stocks in the positive territory, extending the dominance of the bulls on Customs Street, though the turnover waned. Business Post observed that investors cherry-picked equities in the banking and the energy sectors during the session, leaving them rising by 1.14 per cent and 0.05 per cent, respectively. However, the insurance counter lost 1.10 per cent, the consumer goods index depreciated by 0.08 per cent, and the industrial

Image
01-December-2023

CBN Orders Banks to Place PND on Accounts Without BVN, NIN

By Adedapo Adesanya All bank accounts without Bank Verification Number (BVN) and National Identification Number (NIN) will from April 2024 have “Post No Debit (PND)” placed on them. This is the latest directive of the Central Bank of Nigeria (CBN) to financial institutions operating in the country. In a circular issued by the apex bank and sent to all deposit money banks (DMBs) on Friday evening, the CBN said all the BVN or NIN attached to and/or associated with AL accounts/wallets must be electronically revalidated by January 31, 2024. In the circular seen by Business Post, the central bank said

Image
01-December-2023

LCCI Demands Transparency in CBN Recapitalisation Plan

By Adedapo Adesanya The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to strengthen its banking supervision to prevent some crucial Nigerian banks from failing due to its planned recapitalisation. Last Friday, the Governor of CBN, Mr Olayemi Cardoso, said the CBN would be directing banks to increase their capital base to serve a $1 trillion economy to be achieved by 2030. In a statement signed by Mrs Chinyere Almona, the director general of LCCI, the chamber said, “On recapitalisation of banks, we commend the plan of the apex bank to review the