ASUU Declares 2016 Budget a Big Failure

Nasir Isa

The Academic Staff Union of (ASUU) tuesday took a swipe at the 2016 budget presented by President Muhammadu Buhari, declaring that the appropriation bill was a ‘big failure’ in many ways.

The group explained that considering the many national challenges confronting the Nigerian economy, the 2016 budget fell short of expectations of Nigerian citizens in various dimensions.

MTN CEO THROWS IN THE TOWEL OVER $5.2BN NIGERIAN FINE.

MTN Group Ltd. said Chief Executive Officer Sifiso Dabengwa resigned from Africa’s biggest mobile-phone company following a $5.2 billion fine by Nigerian regulators related to unregistered subscribers, according to a Bloomberg report.

Non-Executive Chairman Phuthuma Nhleko has agreed to act as executive chairman for a maximum period of six months while the company identifies a successor to Dabengwa, Johannesburg-based MTN said in a statement on Monday. Dabengwa resigned over the weekend after consultation with the board and his financial compensation hasn’t been resolved, spokesman Chris Maroleng said by phone.