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We’re Set For Indefinite Strike, FG Dribbling Us —– ASUU

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The Academic Staff Union of Universities has said its members in universities across the country will embark on another strike soon if the Federal Government fails to implement the Memorandum of Action it signed with the union last year.

The Chairman of ASUU in the Ladoke Akintola University of Technology, Ogbomoso, Dr Biodun Olaniran, and Secretary, Dr Toyin Abegunrin, who said this in a statement issued after the congress of the union held on Monday, stressed that the failure of the government to fully implement the agreements was worrisome.

The union said it had resolved to embark on an indefinite strike if the Federal Government fails to accede to its demands within a certain period of time.

It said members had resolved to embark on an indefinite strike since the government was not ready to do the needful.

While asking Nigerians to prevail on the government to avert the impending strike, the union said it had allowed many stakeholders to talk to the government, which had portrayed the union as a dog, which could only bark but could not bite.

The statement read in part, “Our union, ASUU, is using this medium to call upon the Federal Government of Nigeria once again to implement the agreement it signed with ASUU. It is unfortunate to mention that the FG signed an agreement with the ASUU since 2009, but the agreement is not implemented till date.

“The agreement was renegotiated in the name of peace. But to our dismay, the government has refused to sign the renegotiated agreement. In order to make the implementation of the agreement easy for the FG, the union has limited its demand to only three.

“These include the signing/implementation of the renegotiated agreement of 2009; and the adoption of the University Transparency and Accountability Software instead of the controversial IPPIS.”

Similarly, the Chairman, ASUU, Kwara State University, Malete, Dr Salau Sheu, said that the Federal Government was trying to dodge its responsibility by directing ministers to oversee the implementation of the MoA.

He said, “It is wrong for President Muhammadu Buhari to assign two ministers to oversee the implementation of the Memorandum of Action signed last year with ASUU. First, the assigned ministers are not part of the agreement. Only the ministers of Finance and Education were part of the agreement. The Federal Government is trying to take away university autonomy through its designed programmes and it is trying to shy away from implementing the resolutions of the negotiations.

“ASUU is having its National Executive Council meeting at the University of Lagos on February 12 and 13. If nothing is done by the government between now and then, the lecturers may go on strike.”

However, the Chairman of the University of Ilorin branch of ASUU, Prof Moyosore Ajao, said the branch would observe the work-free day today (Tuesday.)

Members of the University of Abuja chapter of the union are set to meet on Wednesday over the proposed industrial action.

The Chairman of the union, Dr Kasim Umaru, disclosed this in an interview with one of our correspondents on Monday.

Umaru explained that members of ASUU in the chapter would meet on Wednesday and come up with resolutions.

“We are meeting this week, precisely on Wednesday, and we are going to make our own resolutions. The government has failed to honour our demands times without numbers. The plan is to hold our congress on Wednesday, make our own decision and transmit it to the national body,” he stated.

Meanwhile, a member of the ASUU National Executive Council, who spoke to one of our correspondents on condition of anonymity, stated that the union would have no choice but to embark on another strike.

“At this point, we have no choice but to go on strike; that is the only language the government understands. We have been going back and forth, but it seems as if they are not ready to listen and do what is right,” the NEC member said.

BIG STORY

New Secondary School Curriculum To Include Journalism, Programming Modules [SEE FULL LIST]

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Nigeria’s new secondary school curriculum will introduce modules on journalism, programming, artificial intelligence (AI), robotics, and fact-checking, according to details released on Wednesday.

Dada Olusegun, senior special adviser to the president on social media, shared excerpts of the yet-to-be-unveiled curriculum document via his verified social media handle.

The new curriculum, which applies to both junior and senior secondary schools, is part of government efforts to modernise education and align learning with global digital and professional trends.

Breakdown of the curriculum

According to the document, journalism will now be taught under English Language at the senior secondary level, while programming is spread across both junior and senior cadres.

Digital literacy has also been expanded to include artificial intelligence and robotics in senior classes.

For junior secondary school (JSS 1–3), subjects include:

  1. Mathematics & Measurement (covering algebra, geometry, statistics, and more)
  2. English Language (essay writing, grammar, comprehension, oral skills)
  3. Integrated Science (physics, chemistry, biology, earth science, lab safety)
  4. Digital Literacy & Coding (Word, Excel, PowerPoint, Python basics, Scratch, robotics kits)
  5. Social Studies (history, geography, civics, economy, entrepreneurship basics, global issues)
  6. Languages (mother tongue, French/Arabic)
  7. Creative Arts (drama, crafts, music, film basics)
  8. Physical & Health Education (fitness, nutrition, reproductive health, drug abuse awareness).

For senior secondary school (SS 1–3), highlights include:

  1. English & Communication (academic writing, journalism, fact-checking, public speaking)
  2. Technology & Innovation (Python, JavaScript, HTML/CSS, data science, AI & robotics, cybersecurity)
  3. Research & Project Work (final-year project, data collection, presentation & defence)
  4. Social Sciences (economics, government, history, philosophy, entrepreneurship).

Focus on digital and practical skills

The curriculum also introduces modules on digital entrepreneurship, cybersecurity, media production, and mental health awareness.

Officials say the new subjects are designed to equip students with both academic and practical skills needed to navigate the evolving global economy.

The Federal Ministry of Education is expected to formally launch the curriculum in the coming weeks.

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BIG STORY

Fidelity, Sterling, Other Tier-2 Banks Under Pressure As CBN’s 2026 Recapitalisation Deadline Looms — SBM Report

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Nigeria’s mid-tier lenders are under mounting pressure to scale up operations or face mergers as the Central Bank of Nigeria (CBN) enforces its 2026 recapitalisation programme, a new report has revealed.

The report, released by SBM Intelligence and titled “Capital, Competition, and Consolidation: How Nigeria’s Tier-2 banks are responding to the CBN’s 2026 recapitalisation order,” examined the financial health and capital-raising efforts of First City Monument Bank (FCMB), Fidelity Bank, Stanbic IBTC, Sterling Bank, and Wema Bank.

In March 2024, the CBN directed banks to increase their minimum capital base by 2026. Under the new rule, international banks must raise ₦500 billion, national banks ₦200 billion, and regional banks ₦50 billion. The apex bank said the measure will boost financial stability and prepare lenders to support the government’s ambition of building a $1 trillion economy.

Share price rally

The SBM report highlighted how some tier-2 banks have outperformed expectations in recent years. Fidelity Bank’s share price rose from ₦1.65 in 2020 to over ₦21.20 by mid-2025, representing more than 1,100 percent growth. Wema Bank also recorded a surge from ₦1.50 to nearly ₦15.00 over the same period.

FCMB and Sterling Bank posted steady gains, while Stanbic IBTC maintained resilience despite macroeconomic volatility.

Capital-raising strategies

To meet the recapitalisation target, FCMB has embarked on a three-phase plan to raise ₦400 billion through public offers, divestments in subsidiaries, and offshore placements. Fidelity Bank has already secured over ₦270 billion from an oversubscribed rights issue and public offer, with plans to complete the process ahead of schedule.

Sterling Financial Holdings is pursuing a mix of rights issues, private placements, and a $400 million public offering, while Wema Bank has combined a ₦150 billion rights issue with a ₦50 billion private placement after an earlier ₦40 billion issue in 2023.

Mergers expected

SBM predicted that consolidation in the banking sector will intensify as the 2026 deadline approaches, with mergers and alliances likely among mid-tier lenders.

“The financial performance of these banks in 2025 underscores their capacity to compete and thrive, even as Tier-1 institutions consolidate their dominance,” the report noted.

It added that the ability of tier-2 banks to adapt to regulatory demands, strengthen technology adoption, and implement bold capital strategies will determine their future in Nigeria’s evolving financial sector.

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BIG STORY

UBA, Mastercard Launch Prepaid Card To Promote Financial Inclusion

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, in collaboration with Mastercard, Tuesday announced the launch of the Mastercard prepaid card to further accelerate financial inclusion and expand access to digital payment solutions across Africa.

The card, which does not require a traditional bank account, is designed to serve individuals who have historically lacked access to formal financial services, particularly young adults, gig workers, and low-income earners. It enables users to top up funds easily, transact both locally and internationally, and manage spending with flexibility and security.

With more than 28.9 million adults in Nigeria remaining unbanked, and digital-first tools increasingly demanded by youth and freelancers, the prepaid card directly addresses pressing gaps in the financial ecosystem.

Mastercard’s Country Manager, West Africa, Dr Folasade Femi-Lawal and Group Head, Retail & Digital Banking, United Bank for Africa (UBA), Shamsideen Fashola, during the the launch of the Mastercard Prepaid Card to further accelerate financial inclusion and expand access to digital payment solutions across Africa, held at the Bank’s headquarters in Lagos on Monday.

Group Head, Retail & Digital Banking, United Bank for Africa (UBA), Shamsideen Fashola, who noted this is a demonstration of the bank’s customer-first approach, stated that the bank is committed to ensuring that every Nigerian is banked and gets the best service.

“This collaboration with Mastercard is yet another demonstration of our customer-first approach. We are committed to providing practical solutions that meet the everyday needs of Nigerians, and this card will make payments simpler, safer, and accessible to all”

Mastercard’s Country Manager, West Africa, Dr Folasade Femi-Lawal, said: “At Mastercard, we are relentlessly committed to advancing financial inclusion through innovative and secure digital payment solutions that serve both banked and unbanked Nigerians. Collaborating with UBA enables us to unlock endless possibilities by connecting individuals across all income levels, demographics, and social strata. Together, we are empowering Nigerians with the tools they need to confidently participate in the global economy and shape a more inclusive digital future.”

The prepaid card offers distinct benefits for different user groups. Cardholders can use it as a convenient budgeting tool; freelancers and gig workers gain a flexible expense solution; and the unbanked are empowered through a secure, reloadable allowance card. The product is globally accepted and supported by Mastercard’s trusted infrastructure, providing users with peace of mind and seamless digital payment experiences.

This collaboration aims to pave the way for a more inclusive and sustainable financial future in Africa, by striving to break down long-standing barriers, enable underserved communities, and advance economic growth.

United Bank for Africa (UBA) Plc is a leading pan-African financial institution, offering banking services to more than 45 million customers across 20 African countries, as well as in the United Kingdom, the United States, France, and the United Arab Emirates. With a strong focus on innovation, financial inclusion, and customer service, UBA provides retail, commercial, and institutional banking solutions, empowering individuals, businesses, and governments through cutting-edge digital platforms and inclusive financial products.

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

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