Upon the suspension of ASUU strike on the 14th of October, 2022, no less than fourteen universities are set to open for both academic and non-academic activities.
It would be recalled that ASUU embarked on a warning strike on February 14, 2022, to protest the non-compliance to some of the agreements it had with the Federal Government.
The union however extended the strike for eight months as no breakthrough was reached until the ruling of the industrial court and intervention of the House of Representatives brought the strike to a halt.
Subsequently, several universities both federal and state-owned have started mobilising for resumption.
Investors King learnt that no less than fourteen universities have released resumption circulars while many have scheduled senate council meetings which will come up with resumption dates.
Leading the universities with an official resumption date is the University of Lagos.
A circular released by the university a few days after the suspension of the strike shows that it will resume on the 24th of October, 2022. The University of Lagos had earlier voted for the suspension of the strike.
Other universities which will resume on the same day as the University of Lagos include Bayero University Kano, Federal University Lokoja, and Alex Ekweme Federal University Ndufu-Alike.
The University of Nigeria, Nsuka will resume on the 22nd of October, 2022 while Federal University Dustin-Ma will resume on the 16th of October 2022.
Ladoke Akintola University of Technology, Ogbomoso, University of Port Harcourt, Port-Harcourt, Olabisi Onabanjo University, Michael Okpara University of Agriculture, Umudike, Federal University Owerri and Adekunle Ajasin University Akungba-Akoko will resume on the 17th of October 2022.
On the 30th of October, Federal University Lafia, Nasarawa will resume both academic and non-academic activities while Sule Lamido University, Karfin-Hausa will open on the 31st of October 2022.
Meanwhile, educationists and religious leaders have advised both the academic unions and the government to henceforth seek alternative solutions to subsequent disagreements. They argued that strikes do more damage than good to all the stakeholders involved while the innocent students take a large part of the bruise.
FirstBank UK Enhances Fixed-Income Workflow Through Bloomberg Integration
FirstBank UK, the UK subsidiary of First Bank Nigeria Limited, has announced its onboarding on Bloomberg’s Trade Order Management System (TOMS) to enhance its fixed-income workflow.
The integration with TOMS is expected to provide FirstBank UK with access to a comprehensive suite of data and analytics, communications, order, and execution management solutions, streamlining its fixed-income bonds business.
As a niche market-maker for its customers in Africa, FirstBank UK plays a vital role in providing market liquidity in cash bonds, particularly in Nigerian, Angolan, Egyptian, and Ghanaian Eurobonds, to manage risk and optimize its inventory.
Olukorede Adenowo, CEO-designate at FirstBank UK, expressed enthusiasm about the integration, stating, “Bloomberg TOMS provides FirstBank UK with a complete end-to-end trading workflow covering African bonds in most of our home markets. The solution enables us to focus on expanding our footprint in the African Fixed Income landscape and deliver a first-in-kind service to our customers in Africa.”
Bloomberg’s TOMS is renowned for enhancing operational efficiency across enterprises. Lisa Bravo, Global Head of Sell-Side OMS at Bloomberg, commented, “We are pleased to help FirstBank UK enhance operational efficiency across its enterprise with our award-winning sell-side order management solution TOMS.”
FirstBank UK had previously digitized its order management workflow by offering clients access to liquidity on its Eurobond Single-Dealer Platform.
The recent integration with Bloomberg TOMS aims to centralize order handling, aggregated custom analytics, and liquidity tools within a single interface, facilitating real-time access to liquidity for customers.
Robert Hagenaars, Head of Markets at FirstBank UK, highlighted the unique feature of real-time access to liquidity in their markets, providing a distinct advantage for their customers.
This move signifies FirstBank UK’s commitment to leveraging advanced technological solutions to fortify its position in the African Fixed Income market and deliver enhanced services to its clientele.
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