Business
ASUU-Federal Government Meeting Postponed, New Date Set for August 28
The planned meeting between the leadership of the Academic Staff Union of Universities (ASUU) and the Federal Government, originally scheduled for Monday, has been postponed.
This meeting was set to address a range of unresolved issues that have hindered the development of Nigerian universities.
In a recent update, ASUU President, Professor Emmanuel Osodeke, informed news outlets on Monday that the meeting, which had been previously confirmed by the Minister of Education, Professor Tahir Mamman, would no longer take place as planned.
While no specific reason was provided for the postponement, it was announced that the meeting is now expected to take place on Wednesday, August 28.
ASUU had recently issued a 21-day ultimatum to the Federal Government, threatening to go on strike if certain longstanding issues were not addressed.
These issues include the release of an emergency revitalization fund for public universities, the payment of outstanding earned academic allowances, the release of withheld salaries, promotion arrears, and third-party deductions owed to ASUU members.
Other matters on the agenda include addressing the alleged illegal recruitment practices, halting the proliferation of public universities, and the perceived abuse of university laws, regulations, and processes.
ASUU is also calling for the removal of universities from the Treasury Single Account (TSA) and is advocating for the introduction of a new Integrated Personnel Payroll Information System (IPPIS) to better promote the autonomy of Nigerian universities.
The meeting is expected to focus on finding resolutions to these pressing concerns, with ASUU stressing the importance of prompt action from the Federal Government to avoid further disruptions to the academic calendar.
Business
Bitcoin and Dollar Rise Again With Donald Trump’s Win In Election
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
Business
USD Weakens Amid The Upcoming US Presidential Election
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
Business
Dr. Aguoru States The Use Of Card Pins Online Has A High Security Risk
Security Expert, Dr. Kingsley Aguoru has advised the Central Bank of Nigerian (CBN) and Economic and Financial Crimes Commission (EFCC) to stop the use of online transactions through Card Pins as it results to a security risk.
He emphasized the risks we can be exposed to, phishing and cyber threats, he states that the use of one-time passwords can serve as an aid in this to better the security.
The expert shares that pins are only safe when in use for ATM and Pos but not online, due to cyber risks. He expressed that information can be leaked from the continuous use of sharing pins online.
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