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    Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

    Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

    FG fines Multichoice N766m over privacy breaches

    FG fines Multichoice N766m over privacy breaches

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Food inflation: NSA, 36 states launch joint action

    Food inflation: NSA, 36 states launch joint action

    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

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      Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

      Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

      FG fines Multichoice N766m over privacy breaches

      FG fines Multichoice N766m over privacy breaches

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Food inflation: NSA, 36 states launch joint action

      Food inflation: NSA, 36 states launch joint action

      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

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        Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

        Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

        FG fines Multichoice N766m over privacy breaches

        FG fines Multichoice N766m over privacy breaches

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Food inflation: NSA, 36 states launch joint action

        Food inflation: NSA, 36 states launch joint action

        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

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          Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

          Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

          FG fines Multichoice N766m over privacy breaches

          FG fines Multichoice N766m over privacy breaches

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Food inflation: NSA, 36 states launch joint action

          Food inflation: NSA, 36 states launch joint action

          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

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            Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

            Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

            FG fines Multichoice N766m over privacy breaches

            FG fines Multichoice N766m over privacy breaches

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Food inflation: NSA, 36 states launch joint action

            Food inflation: NSA, 36 states launch joint action

            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

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              Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

              Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

              FG fines Multichoice N766m over privacy breaches

              FG fines Multichoice N766m over privacy breaches

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Food inflation: NSA, 36 states launch joint action

              Food inflation: NSA, 36 states launch joint action

              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

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                Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                FG fines Multichoice N766m over privacy breaches

                FG fines Multichoice N766m over privacy breaches

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Food inflation: NSA, 36 states launch joint action

                Food inflation: NSA, 36 states launch joint action

                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  No end to varsity teachers’ strike, says ASUU coordinator

                  •Return to classroom, Buhari urges lecturers

                  The Nation | November 18, 2020
                  FG Agrees To Pay N30bn Earned Allowance To ASUU
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                  THERE is no end in sight to the lingering varsity teachers’ strike, the Academic Staff Union of Universities (ASUU) said through his Abuja Zonal Coordinator Prof. Theophilus Lagi on Tuesday.

                  He attributed the decision not to suspend the eight-month-old job boycott was due to alleged lack of commitment on the part of the Federal Government.

                  Lagi spoke at a news conference at Gwagwalada, Abuja.

                  President Muhammadu Buhari on Tuesday urged the striking lecturers to return to classrooms.

                   

                  The President gave the order at the 72nd Foundation Day/Convocation ceremonies of the University of Ibadan, Oyo State.

                  Represented by the Executive Secretary, National Universities Commission (NUC), Abubakar Rasheed, the President described as unacceptable the prolonged disruption of the academic calendar of public universities.

                  “This (disruption of calendar) is as a result of strikes by university-based unions particularly members of the academic staff union,” the President said.

                   

                  In the Abuja Zone under Lagi are the Federal University of Technology, Minna; Nasarawa State University, Keffi; Ibrahim Babangida University, Lapai; Federal University of Lafia, and University of Abuja.

                  According to him, the strike had since February because the government has not shown commitment or willingness towards addressing the union’s core demands for students to resume studies.

                  He reminded members of the union of the advice to seek other legitimate means of survival as the government has not released salaries withheld since February, 2020.

                   

                  Lagi said: “Today, we wish to let Nigerians, especially our students and parents know that there is no hope in sight to ending or suspending the ASUU strike that lingered for long.

                  “Government is yet to show serious commitment towards addressing our core demands.

                  “One needs not to be a psychologist to understand the behaviour and recent utterances of the Minister of Labour and Employment, Dr. Chris Ngige, by showing his disdain for Nigerian academics and has failed to play the role of an unbiased umpire in moderating the imbroglio.

                   

                  “He has now become the spokesperson to the accountant General of the Federation and Ministry of finance, instead of finding solution for lecturers to get back to work.

                  “He is turning the wheel of progress backwards by setting ASUU on collision with other pressure groups in the university.

                  “In the past few weeks for instance, Ngige has said one thing when he met with the union and a different thing on the same subject in an interview with the media.

                   

                  He described as worrisome not only to students but parents who patronise public varsities the attitude of the minister as a negotiator in the face-off.

                  “On this, we will like to educate the honourable minister that public universities in Nigeria are creatures of law as each university is established by an Act enacted by the National Assembly,” he said.

                  He however, called on the renegotiation of the 2009 Agreement, payment and mainstreaming of Earned Academic Allowances into salaries, release of funds for revitalisation of the Nigerian university system among others.

                   

                  The coordinator condemned the alleged invitation of the military by the Enugu State University of Science and Technology (ESUT) authority to conduct the 2019/2020 first semester examinations.

                  He said “such involvement of the military crack team in a normal University function is primitive and height of insult and lack of regard to the Academia in Nigeria.

                  “The union wishes to call on the authorities at ESUT to refrain from the ugly trend because we do not want a repeat of 1976 in Nigerian universities.”

                   

                  Ordering ASUU members back to work, Buhari said the teachers have been on strike since February over more of payment of salaries and emoluments as well as funding and sundry issues.

                  He said: “We recognise the rights of workers to express their grievances, through lawful actions, including strikes.

                  “However, there is a reciprocal obligation on the part of workers and unions to ensure the survival and sustainability of their places of employment.

                   

                  “Strike action tends to compound the problems in the education sector. The current strike by university teachers has gone on for too long and caused enough devastation in lives of students and the universities alike.

                  “I urge university teachers to return to their classrooms and seek further accommodation with the government, from the productive ambience of their campuses.”

                  Buhari also vowed to sanction members of the university community found to be violating the selection process of new vice chancellors, stressing that the process is meant to be open and transparent and credible enough to produce best candidates.

                   

                  The President said: “Let me add that government is particularly worried about the avalanche of petitions, many bordering on serious allegations of bribery and corruption as well as disrespect for due process, in the course of selecting a new vice-chancellor in some of our federal universities.

                  “Government has set in motion several mechanisms to monitor the selection process with a view to taking appropriate measures to ensure that the processes are conducted in an open, fair and transparent manner and that all violators are properly sanctioned.”

                   

                  The Pro-Chancellor and Chairman of Council of the University, Nde Joshua Waklek, called for more government support to enhance the capacity of varsities in human capital development.

                  The Vice Chancellor Prof. Idowu Olayinka   appealed to the President to support the institution with rehabilitation funds.

                  A total of 57 graduands in various disciplines were awarded the Doctor of Philosophy degrees.

                   

                  Four persons were conferred with honorary doctorate degrees. They are Gen. Theophilus Danjuma, who was awarded Doctor of Letters, Dr. Layiwola Fatona (Doctor of Science); Chief Comfort Idowu (Doctor of Science) and Mr. John Coumantaros (Doctor of Letters).

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