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FG, ASUU resume talks Monday, students continue protests

Herconomy
May 11, 2022
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Local Stories

FG, ASUU resume talks Monday, students continue protests

On Tuesday, students of the University of Ilorin staged a peaceful protest to express their disappointment over the ongoing strike by the Academic Staff Union of Universities, vowing that they would not have anything to do with the 2023 general election if the government allowed it the strike to linger. Read more…

Senate amends Electoral Act, Reps reconvene Wednesday

The Senate, on Tuesday, corrected a “fundamental error” in the Electoral Act 2022 recently passed by the National Assembly and signed into law by the President, Major General Muhammadu Buhari (retd.). Read more….

Presidential aspirant sues PDP, INEC over nomination fee

A presidential aspirant on the platform of the Peoples Democratic Party, Ayoola Falola, prayed to the Federal High Court in Ibadan, the Oyo state capital to nullify the processes of the primary election of the party ahead of the 2023 general election. Read more….

Ex-CBN deputy gov, Moghalu, reacts to Emefiele’s involvement in politics

A former Deputy Governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, has described the CBN governor, Godwin Emeifele’s political involvement while in office as a massive breach of the CBN act. Read more…

ABCHealth, UNAIDS Nigeria partner to improve healthcare access in Africa

The Nigeria Country Office of the Joint United Nations Programme on HIV/AIDS and the African Business Coalition for Health have signed a Memorandum of Understanding to partner on joint initiatives that will expand access and quality of HIV/AIDS and health services in Nigeria and across Africa. Read more…

Bill to improve secondary school education passes second reading

A bill to repeal the National Secondary Education Commission Act scaled the second reading. Also passed were bills to enact the Arbitration and Mediation Act to provide for a unified legal framework for the settlement of commercial disputes. Read more…

International Stories

WHO chief censored on China's internet after calling zero-Covid unsustainable

The head of the World Health Organization (WHO) is being censored on China's internet after questioning the sustainability of the country's zero-Covid policy. Read more…

US intelligence officials warn China is 'working hard to be able to take over Taiwan militarily

The US intelligence community believes that China is actively attempting to build a military capable of taking over Taiwan -- even in the face of US support for the island, top US intelligence officials told Congress Tuesday. Read more…

Ukraine war: Putin preparing for the long haul, US intelligence says

Vladimir Putin is preparing for a long war in Ukraine, with even victory in the east potentially not ending the conflict, US intelligence has warned. Read more…

Sri Lanka protests: Second night of property burnings

Sri Lanka witnessed the second night of arson attacks on Tuesday, with properties damaged in the town of Negombo, near the capital, Colombo. Read more…

Business Matters

Bank loans to govt rise to N16.32tn – CBN

The total net credit by the Nigerian banking sector to the government rose by N2.2tn in the first quarter ended March 2022 to N16.32tn. Read more…

Telcos propose tax review, others to avert 40% tariff hike

Telecommunication companies under the aegis of the Association of Licensed Telecoms Operators of Nigeria have said the removal of multiple taxes in the telecoms industry will reduce part of the operational pressure on telcos. Read more…

Nigeria, 10 ECOWAS countries in debt distress – Report

A new report by the Nigerian Economic Summit Group and the Open Society Initiative for West Africa has disclosed that Nigeria and 10 other Economic Community of West African States countries are currently in debt distress based on debt sustainability analysis. Read more…

Nigerian paper mills collapse, imports hit N297bn in six months

Nigerian paper mills have collapsed years after privatisation, forcing the economy to depend on imported paper for its needs. Read more….

Transcorp’s quarterly profit rises by 624.4%

THE profit before tax of Transcorp Hotels Plc, a hospitality company and subsidiary of Transnational Corporation Plc, rose by 624.4 per cent to N1.067bn as of the end of first quarter ended March 31, 2022, from a loss of N203.7m in the same period of last year. Read more…

Tech Updates

Apple to discontinue the iPod after 21 years

Apple has announced it is discontinuing its music player, the iPod Touch, bringing to an end a device widely praised for revolutionising how people listen to music. Read more…

Meta sued in Kenya over claims of exploitation and union busting

A suit was filed today against American social media giant Meta and Sama, its main subcontractor for content moderation in Africa, over claims of exploitation and union busting. Read more…

Metro

Ekiti man jailed for sexually abusing neighbour’s daughter

Ekiti State High Court sitting in Ado Ekiti has sentenced a 20-year-old man, Kunle Amujo, to five years’ imprisonment for sexually abusing his neighbour’s four-year-old daughter. Read more…

Sexual acts: Four Chrisland teachers accused of cover-up get N1.2m bail

The Lagos State Police Command has arraigned four teachers of Chrisland Schools, Lagos State, for allegedly covering up sexual acts involving some pupils of the school. Read more…

Yul Edochie's 1st wife finally breaks silence, speaks against polygamy

The mother of four took to her Instagram page on Tuesday, May 10, 2022, where she thanked everyone for reaching out to her after the shocking news broke on the Internet. Read more…

‘Blood Sisters’ hits new milestone, makes Netflix’s top 10 list of TV shows

The series released on May 5 is currently number nine on the list with 11 million views recorded in its first week. Read more…

'They are after me for demanding end to ASUU strike' - Apostle Suleman reacts to nude photos

Popular Nigerian pastor, Johnson Suleman, founder of the Omega Fire Ministries has finally reacted to the nude photos released by his alleged former mistress, Stephanie Otobo. Read more…

Quote of the Day

"Ambition is the path to success. Persistence is the vehicle you arrive in."
—Bill Bradley

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