Business
ASUP Threatens Strike Over New Polytechnic Scheme
The Academic Staff Union of Polytechnics (ASUP) has threatened to initiate a strike if the government does not suspend the recently implemented Scheme of Service for Nigerian Polytechnics, effective June 7.
This announcement follows an emergency congress held at Auchi Polytechnic, Edo State, where ASUP expressed strong dissatisfaction with the new scheme.
According to ASUP’s Chairman for the Auchi Chapter, Bamidele Osamudiamen, the new scheme is seen as a setback for the growth of polytechnic education, particularly in terms of career progression for lecturers.
He criticized the scheme for perpetuating disparities between holders of university degrees and Higher National Diplomas (HNDs), and for imposing an extended and inequitable career progression timeline on lecturers.
The Rector of Auchi Polytechnic, Dr Salisu Umar, echoed these concerns, emphasizing that the scheme could undermine polytechnic education in Nigeria and called for its suspension due to numerous irregularities and biases against polytechnic lecturers.
Business
FG Empowers 500 Women and Youths With Agricultural Skills In Ogun State
The Federal Government trains 500 women and youths in food production and agriculture. The programme was started to support food security.
The Federal Ministry of Agriculture and Food Security partnered with the National Horticultural Research Institute (NIHORT).
The women and youths were taught tomato, okra and Telfairia production techniques. The government believes this will help boost agriculture, improve food production and strengthen the economy in Ogun State.
Business
Fuel Prices Continue to Drop Across Some Nigerian Filling Stations
According to reports, fuel stations are reducing their prices a bit. This has become a general thing around Nigeria after the spike due to the removal of subsidy.
The prices are dropping to ₦1,275 and ₦1,299, going lower than ₦1,300 compared to what it was before.
Business
MTN Advances IHS Holding Acquisition Following Shareholder Approval
MTN has moved closer to acquiring IHS Holding, following shareholder approval of the proposed takeover, marking another major milestone in the transaction.
The approval was secured during the Extraordinary General Meeting (EGM) held on 4 August, allowing the deal to progress to the next stage.
If completed, the acquisition is expected to strengthen MTN’s infrastructure capabilities by giving the company greater control over its telecommunications tower assets. Industry analysts believe the move could improve network efficiency, reduce long-term operating costs, and support MTN’s continued expansion across its markets.
The transaction is still subject to regulatory approvals and other closing conditions before it can be officially completed.
