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.
Dangote Refinery has announced a fresh reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol.
The company, which is one of Nigeria’s leading oil producers, announced in a statement shared by its spokesperson, Anthony Chiejina, on its official X account on Thursday.
Effective immediately, Dangote Refinery has lowered the ex-depot price of petrol to N899.50 per litre, down from the previous rate of N970.
In his statement, Chiejina mentioned the company’s commitment to helping alleviate the financial burden on consumers during the holidays.
“We have now announced a new price of N899.50 per litre.
This reduction is designed to ease transport costs during the festive period,” he said.
“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS.
From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM.”
In addition to the price reduction, Dangote Refinery has introduced a new incentive to make fuel more accessible for consumers.
Chiejina explained that for every litre of petrol purchased on a cash basis, buyers will have the opportunity to acquire an additional litre on credit.
This offer is backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank, providing customers with more flexible payment options.
Price of beans drops and news excites traders and consumers. Residents as well express joy with price drop amid the upcoming Christmas holiday. According to a report, the price of beans has sustained a slight drop as 100kg bag of beans is sold for 150k Naira to 140k.
The price of a bag has now dropped to 100k to 120k, depending on the type of beans. It was reported that the price of beans has been dropping for the past two weeks unlike the past months.
Nigeria’s Oil Production increased in November 2024 and has reached 1.69 Million per day going 10% increase compared to that of October production.
This now secures Nigeria’s oil production as the top in the Africa Oil Production.
The crude oil production rose with 11.42% but the condensation production reduced. Despite the great progress of the production, Nigeria’s oil production still has not reached their 2024 goal of 1.78mbpd.
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