Tag: Finance - Page 9 - African News Today

ASUU Strike: 2009 Pact Renegotiation Panel’s Report To Be Ready April

6Mar

By Obiajulu Joel NwoluNo Comments

Education, Finance, News, Nigeria

ASUU Strike: 2009 Pact Renegotiation Panel’s Report To Be Ready April

The Minister of Education, Adamu Adamu, is set to inaugurate a committee to renegotiate the 2009 agreement between the Federal Government and the Academic Staff Union of Universities tomorrow (Monday). The committee is expected to turn in its report in six weeks from the time of inauguration. It was reported that the 2009 agreement has become a bone of contention between the two parties. ASUU had on several occasions accused the Federal Government of failing to implement some of the agreements reached. In 2009, the government agreed with ASUU that the condition of service of university lecturers would be reviewed every five years. Read Also: Strike: ASUU’s Demand Mustn’t Violate Wages Commission Procedure –Ngige The condition of service includes the issue of sa...

Strike: ASUU’s Demand Mustn’t Violate Wages Commission Procedure –Ngige

2Mar

By Obiajulu Joel NwoluNo Comments

Education, Finance, Labour, News, Nigeria

Strike: ASUU’s Demand Mustn’t Violate Wages Commission Procedure –Ngige

The Minister of Labour and Employment, Dr Chris Ngige, on Tuesday in Abuja said that the Federal Government was committed to enhancing the remuneration package of university lecturers. Ngige spoke to State House correspondents at the Presidential Villa, Abuja after briefing the President, Major General Muhammadu Buhari (retd.), on the status of FG’s current engagement with the Academic Staff Union of Universities. Read Also: ASUU To FG: You Are Slave Merchants to IMF The minister said, “Yes, our university lecturers deserve good pay. A worker deserves his wages. So, if we compare with what obtains in other climes, and they are not adequately remunerated, there is nothing that stops the government within the lean resources we have to do some compensation raise and make them happy...

ASUU To FG: You Are Slave Merchants to IMF

21Feb

By Chinedu IbeakanmaNo Comments

Economy, Education, Finance, News, Nigeria

ASUU To FG: You Are Slave Merchants to IMF

Academic Staff Union of Universities (ASUU) has described the federal government of Nigeria and the President Muhammadu Buhari-led administration as slave merchants. The union said the federal government led by Buhari only listens and implements destructive policy recommendations of the International Monetary Fund (IMF) and World Bank against the interest of the citizens. The union maintained that the government treats lecturers like slaves because of poor policies formulated and implemented in the education sector. ASUU Chairman at the University of Ibadan, Professor Ayo Akinwole made these disclosures in a statement made available to DAILY POST in Ibadan on Sunday. The Academic Staff Union of Universities (ASUU) had last week commenced a one-month warning strike. ...

How to Report Your Bank When Displeased – CBN

31Jan

By Obiajulu Joel NwoluNo Comments

Finance, News, Nigeria

How to Report Your Bank When Displeased – CBN

The Central Bank of Nigeria has released a guide for bank customers and others on how and where they can lodge complaints against financial institutions regulated by it. The financial institutions include commercial banks, microfinance banks, primary mortgage institutions, and discount houses. The CBN noted that it had earlier issued a circular directing all banks to expand their existing ATM help desks to handle all types of consumer complaints. Read Also: Beware Of Fake eNaira Social Media Accounts, CBN Warns Nigerians “Therefore, if you have a complaint against your bank, you must first report the complaint at the bank/branch where the issue originated and then allow two weeks (it might be less or more in some cases) for the issues to be resolved,” it said. According ...

FG Must Justify Fresh N3tn Vote, Others For Fuel Subsidy – Senate

31Jan

By Obiajulu Joel NwoluNo Comments

Finance, News, Nigeria

FG Must Justify Fresh N3tn Vote, Others For Fuel Subsidy – Senate

The Senate has said the Federal Government will have to justify the fresh demand for N3tn for the extension of the subsidy on petrol before it is approved by the National Assembly. The Chairman of the Senate Committee on Media and Public Affairs, Ajibola Basiru, made this known against the backdrop of the controversy surrounding the actual volume of petrol, which Nigeria consumed daily. The government is billed to present executive bills to the parliament to amend the 2022 Appropriation Act and the Petroleum Industry Act, as part of the move to extend the subsidy regime, following the protests that greeted its planned removal. Already, the House of Representatives, last week, resolved to investigate the correct daily consumption volume and the actual state of the nation’s four ref...

Central Bank Of Nigeria Slashes ATM Charges, Inter-bank Transfer Fees

29Jan

By Obiajulu Joel NwoluNo Comments

Finance, News, Nigeria

Central Bank Of Nigeria Slashes ATM Charges, Inter-bank Transfer Fees

The Central Bank of Nigeria has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, other Financial Institutions and Non-Bank Financial Institutions. Read Also: FG Probes Online Banks Over Breach Of Customers’ Data Privacy Punch reports that this was confirmed in a circular released on Friday by the apex bank’s Director, Financial Policy and Regulation Department, Chibuzor Efobi, titled, “RE: GUIDE TO CHARGES BY BANKS, OTHER FINANCIAL AND NON-BANK FINANCIAL INSTITUTIONS.” The circular stated that the review was in response to “further evolution in the financial industry in the last few years.” Source: SaharaReporters

Aircraft Odili Govt Bought Abandoned In Germany, Repairs Cost €3m – Wike

26Jan

By Obiajulu Joel NwoluNo Comments

Finance, News, Nigeria

Aircraft Odili Govt Bought Abandoned In Germany, Repairs Cost €3m – Wike

The Governor of Rivers State, Nyesom Wike, has said the state government has through intelligence discovered one of the state-owned aircraft, Legacy 600, that was flown to and abandoned in Germany. He said efforts to repair and retrieve the aircraft had already gulped over €3m. Wike alleged that the aircraft was abandoned in the European country since 2012 by the previous administration of Governor Chibuike Amaechi. The governor had led a delegation of Rivers leaders to General Atomics Aerotec in Munich, Germany, where the aircraft had been abandoned for 10 years, according to a statement in Port Harcourt on Tuesday by his Special Assistant on Media, Kelvin Ebiri. Read Also: Probe Motive Behind Siege To Odili’s Residence, Wike Tells IG Addressing a meeting with the General M...

FG Probes Online Banks Over Breach Of Customers’ Data Privacy

25Jan

By Obiajulu Joel NwoluNo Comments

Finance, News, Nigeria

FG Probes Online Banks Over Breach Of Customers’ Data Privacy

The Federal Government has begun a probe of online banks over their alleged breaches of customers’ data privacy, it has been learnt. The Director-General, National Information Technology Development Agency, Kashifu Inuwa, who made this disclosure in Abuja on Monday, said the agency was working with the Nigeria Police Force and other relevant agencies to investigate several lending platforms, popularly called loan shark platforms. He said this while addressing journalists ahead of the National Privacy Week 2022. “We are working with relevant agencies to make sure we address that challenge because it is not only NITDA’s mandate that governs everything. When you talk about any financial services, it is the CBN. When you talk about general complaints, there is a commission for that. B...

NYSC DG Seeks FG Approval For Trust Fund

24Jan

By Obiajulu Joel NwoluNo Comments

Finance, News, Nigeria, Youths

NYSC DG Seeks FG Approval For Trust Fund

The Director-General of National Youth Service Corp, Major General Shuaibu Ibrahim, has appealed to the Federal Government to approve the establishment of the NYSC Trust Fund for the benefit of corps members. The Bill on the proposed Trust Fund has passed the second reading at the House of Representatives, Abuja. The DG, according to a statement issued by the NYSC Deputy Director (Press and Public Relations), Emeka Mgbemena, stated these in Abuja on Sunday while on a Live programme, ‘Journalists’ Hangout’ on TVC. He said the Trust Fund, if actualized, would help to reinvigorate the NYSC Skill Acquisition and Entrepreneurship Development programme. Read Also: Romantic Soldier, Corper Met Three Years Before NYSC Camp – Family Ibrahim said it would also empower more corps membe...

Kogi Workers Give Government 14-day Ultimatum Over Minimum Wage

22Jan

By Obiajulu Joel NwoluNo Comments

Finance, Labour, News, Nigeria

Kogi Workers Give Government 14-day Ultimatum Over Minimum Wage

Organised labour in Kogi has issued a 14-day ultimatum to the state government to implement the N30,000 new minimum wage or face an indefinite strike action. Addressing journalists in Lokoja, the state capital, on Friday, shortly after the meeting of labour leaders, Kogi State Chairman of Nigeria Labour Congress, Onuh Edoka, lamented that the current administration in the state led by Governor Yahaya Bello had not added any value to workers since it came on board in 2016. The NLC chairman noted that the committee on a minimum wage set up on February 14, 2020 by Governor Bello had refused to submit its report for the implementation of the new minimum wage and its consequential adjustment of 23 per cent. Edoka added that the present administration had refused to cashback promotion arrea...