Investogist
No Result
View All Result
Tuesday, February 17, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Vodafone, Nokia partner to combat fraud in Europe

    Vodafone, Nokia partner to combat fraud in Europe

    2027 Elections: INEC Announces Key Dates as Political Cycle Begins

    2027 Elections: INEC Announces Key Dates as Political Cycle Begins

    SUNU Assurances Directors Approve ₦9.34 Billion Rights Issue to Existing shareholders

    SUNU Assurances Directors Approve ₦9.34 Billion Rights Issue to Existing shareholders

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Group Advances Talks to Buy remaining 75% Stake in IHS Towers for $2.76B

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Seeks NGX Approval for ₦4 per share Rights Issue as Shares Trade at ₦10.10

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    Individuals must file tax returns by March 31; employers, January 31 – Oyedele

    Anambra to begin payment of new minimum wage.

    Soludo Introduces Mandatory Attendance Registers in Anambra Markets Amid One-Week Onitsha Closure Over Sit-at-Home

    Anambra to begin payment of new minimum wage.

    Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Nigerian Breweries returns to profitability as revenue jumps 35% to ₦1.47trn in FY 2025

    Universal Insurance Shareholders Approve Capital Raise of Up to ₦15 Billion at EGM

    Universal Insurance Shareholders Approve Capital Raise of Up to ₦15 Billion at EGM

    SUNU Assurances Directors Approve ₦9.34 Billion Rights Issue to Existing shareholders

    SUNU Assurances Directors Approve ₦9.34 Billion Rights Issue to Existing shareholders

    ​Tantalizers Plc reports N25.9 million loss in Q2 2025

    Tantalizers Plc Secures ₦2bn Equity Investment as Entertainment Bet Gains Momentum

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Transcorp Power Plc Declares ₦5.50 per Share Dividend Along Strong FY 2025 Performance

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Group Advances Talks to Buy remaining 75% Stake in IHS Towers for $2.76B

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Seeks NGX Approval for ₦4 per share Rights Issue as Shares Trade at ₦10.10

    Aradel Holdings Plc Profit Surge in 2025 Amid  Acquisitions

    Aradel Holdings Plc Profit Surge in 2025 Amid Acquisitions

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    Fortis Global Insurance Returns to NGX Trading Floor After 6-years Suspension

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Lists Additional 5.3 Billion Ordinary Shares on NGX

    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Nigerian Exchange Daily Market Report: ASI up by 0.15% on Wednesday

    Domestic Investors dominate transactions on the Nigerian Exchange in September 2025

    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Vodafone, Nokia partner to combat fraud in Europe

    Vodafone, Nokia partner to combat fraud in Europe

    2027 Elections: INEC Announces Key Dates as Political Cycle Begins

    2027 Elections: INEC Announces Key Dates as Political Cycle Begins

    SUNU Assurances Directors Approve ₦9.34 Billion Rights Issue to Existing shareholders

    SUNU Assurances Directors Approve ₦9.34 Billion Rights Issue to Existing shareholders

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Group Advances Talks to Buy remaining 75% Stake in IHS Towers for $2.76B

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Seeks NGX Approval for ₦4 per share Rights Issue as Shares Trade at ₦10.10

    FIRS, JTB begin ‘full scale enforcement’ on tax defaulters

    Individuals must file tax returns by March 31; employers, January 31 – Oyedele

    Anambra to begin payment of new minimum wage.

    Soludo Introduces Mandatory Attendance Registers in Anambra Markets Amid One-Week Onitsha Closure Over Sit-at-Home

    Anambra to begin payment of new minimum wage.

    Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Nigerian Breweries returns to profitability as revenue jumps 35% to ₦1.47trn in FY 2025

    Universal Insurance Shareholders Approve Capital Raise of Up to ₦15 Billion at EGM

    Universal Insurance Shareholders Approve Capital Raise of Up to ₦15 Billion at EGM

    SUNU Assurances Directors Approve ₦9.34 Billion Rights Issue to Existing shareholders

    SUNU Assurances Directors Approve ₦9.34 Billion Rights Issue to Existing shareholders

    ​Tantalizers Plc reports N25.9 million loss in Q2 2025

    Tantalizers Plc Secures ₦2bn Equity Investment as Entertainment Bet Gains Momentum

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Transcorp Power Plc Declares ₦5.50 per Share Dividend Along Strong FY 2025 Performance

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Group Advances Talks to Buy remaining 75% Stake in IHS Towers for $2.76B

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Seeks NGX Approval for ₦4 per share Rights Issue as Shares Trade at ₦10.10

    Aradel Holdings Plc Profit Surge in 2025 Amid  Acquisitions

    Aradel Holdings Plc Profit Surge in 2025 Amid Acquisitions

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    Fortis Global Insurance Returns to NGX Trading Floor After 6-years Suspension

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank Lists Additional 5.3 Billion Ordinary Shares on NGX

    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Nigerian Exchange Daily Market Report: ASI up by 0.15% on Wednesday

    Domestic Investors dominate transactions on the Nigerian Exchange in September 2025

    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Strike: FG mulls proscription of ASUU

Monday, 22 August 2022, 12:57 pm
in News, Nigeria
0
JUST IN: ASUU extends strike by four weeks
Share Share Share Share Send as Email

The Federal Government of Nigeria may consider the option of proscribing the Academic Staff Union of Universities (ASUU) if the union fails to call off the prolonged strike after an offer was made to it, Vanguard reported, citing multiple sources in the Presidency and the Ministry of Education.

N100 billion has also been approved by the Federal Government for the university sector as part of the understanding in the re-negotiation of the 2009 Agreement.

Recall that on February 14, ASUU embarked on a four-week warning strike to protest the non-implementation of its demands by the federal government.

On March 14, the union extended the industrial action by another two months to allow the government meet all of its demands.

On May 9, a 12-week extension was announced.
The union has vowed to persist until its demands are met. ASUU has been on strike with another 4-week extension anounced on August 1.

ASUU’s demands 

The union is seeking improved welfare, revitalisation of public universities and academic autonomy among other demands.

One main issue for the union is the non-payment of university revitalisation funds, which amounts to about N1.1 trillion, an agreement that was struck in 2009.

The Federal Government on its part said it doesn’t have the money to pay such an amount and that it will not borrow to meet ASUU’s demands.

Another bone of contention is the issue of the Integrated Payroll and Personnel Information System (IPPIS), to which ASUU proposed an alternative, the University Transparency and Accountability Solution (UTAS).

Read also: SSANU, NASU suspend strike after meeting with Education Minister

“Because of the priority President  Muhammadu Buhari has paid to education, he has approved additional N100 billion for the universities and about N57 billion for the Polytechnics and Colleges of Education,”one of the sources told Vanguard.

“This is part of the understanding with the unions on the re-negotiation of the 2009 Agreement. The government has also approved 35 per cent increase in salary for professors and 23.5 per cent increase for other lecturers. Government also approved N50 billion for earned allowances for the striking unions.

“It will be unpatrotic on the side of ASUU not to reciprocate the government gesture and call off the strike for our children to go back to school. The government is not also unmindful of the cooperation of SSANU and NASU for being patriotic.

“It is part of the labour laws that the unions, especially ASUU, should apply cessation of strike once a trade dispute is apprehended and conciliation is ongoing.

“From available information, the Minister of Labour and Employment apprehended the strike on February 22, 2022, and subsequently held conciliation meeting on that day with ASUU and on March 1, whereas, the disputes with SSANU and NASU were apprehended on May 3 by the Minister of Labour and Employment.

“Why should ASUU say that the Federal Government has done nothing? You should also recall that the President co-opted his Chief of Staff, Professor Ibrahim Gambari, and the Secretary to the government of the Federation, Mr. Boss Mustapha, to join in the negotiation to end the strike. Why is ASUU recalcitrant and daring everybody?”

Expressing disappointment that ASUU had allegedly not appreciated the government efforts, the sources said the federal government had many options before it, which include prescribing the union.

“The government has so many options if ASUU refuses to be patriotic. One of the options is the proscription of ASUU which is contained in the Trade Unions Act and even in the Trade Disputes Act.

“The President can proscribe an association whose action is inimical and constitute economic sabotage to a country.  In the Trade Unions Act, the President can withdraw the certificate of any organization whose conduct is not in tandem with the terms for their registration.

“Also, Section 17 of the Trade Dispute Act permits the Minister of Labour to approach the National Industrial Court. CAP 78, laws of the Federal Republic of Nigeria 2004, to refer the matter to the National Industrial Court for adjudication to enforce the legality or otherwise of the ongoing prolonged strike by ASUU and to interpret in entirety the provision of Section 18 of the Trade Dispute Act as it applies to cessation of strike once a trade dispute is apprehended by the Minister of Labour and Employment and conciliation is ongoing.”

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • Oil rising
    Oil rises over 7% as EU mulls ban on Russian oil
  • IPOB’
    Appeal Court fixes Oct 16 to hear IPOB’s appeal over…
  • ASUU Leader
    No concrete agreement with FG, strike not ending - ASUU
  • Ngige
    ASUU tackles NGIGE, says strike continues
Previous Post

NGX Reg lifts suspension on Trading of Mutual Benefits Assurance Plc shares

Next Post

Buhari’s govt notorious for reneging on agreements — ASUU

Next Post
Just in: Buhari leaves for London’s education summit, Medical Check-up

Buhari’s govt notorious for reneging on agreements — ASUU

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

Nigerian Breweries returns to profitability as revenue jumps 35% to ₦1.47trn in FY 2025

List of Dividends announced in 2024, qualification and payment dates

List of Dividends announced in 2024, qualification and payment dates

Inflation rate drops for the fourth consecutive time in July – NBS report

Inflation rate drops for the fourth consecutive time in July – NBS report

Vodafone, Nokia partner to combat fraud in Europe

Vodafone, Nokia partner to combat fraud in Europe

FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

Nigerian Breweries returns to profitability as revenue jumps 35% to ₦1.47trn in FY 2025

2027 Elections: INEC Announces Key Dates as Political Cycle Begins

2027 Elections: INEC Announces Key Dates as Political Cycle Begins

Universal Insurance Shareholders Approve Capital Raise of Up to ₦15 Billion at EGM

Universal Insurance Shareholders Approve Capital Raise of Up to ₦15 Billion at EGM

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved