According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON), the parallel market exchange rose to N362.5 per dollar from N361.5 per dollar on Wednesday, indicating one naira depreciation of the naira. However, the naira yesterday appreciated to N363.90 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window dropped to N363.90 per dollar yesterday from N364.24 per dollar on Wednesday, translating to 34 kobo appreciation of the naira. The volume of dollars (turnover) traded yesterday in the window rose by five percent to $179.10 million from $169.98 million on Wednesday.
ASUU justifies strike, accuses Ngige of blackmail
ASUU justifies strike, accuses Ngige of blackmail Olufemi Atoyebi, Ibadan The Academic Staff Union of Universities has called on the Minister for Labour and Employment, Dr Chris Ngige, to desist from cheap blackmail in the handling of the ongoing strike called by the union. The President of the union, Prof. Biodun Ogunyemi, in a bulletin on the strike, asked members of the union to disregard the comment by the minister that the strike was illegal. He said, “Our national struggle to revitalise the Nigerian university system is comprehensive and total. Remain resolute and steadfast as victory is certain.” Also, the ASUU Chairman at the University of Ibadan, Dr Deji Omole, who condemned the tactics employed by the Federal Government over the demands of the union, said it was deceitful for the minister to insinuate that the N23bn earned allowances, which the Federal Government promised to pay soon, were only for lecturers. He said the earned allowances were for both...
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