The non-teaching staff of Nigerian universities will commence an indefinite strike nationwide beginning from Monday, 4th December. The staff, who are members of three unions, NASU, SSANU, and NAAT, announced the commencement of the strike last Thursday in a press statement signed by the national presidents of the three unions.

The Federal Government has suspended the Director General of Security and Exchange Commission, Mounir H. Gwarzo over series of corruption allegations levelled against him. The suspension was contained in a statement signed and released to newsmen by Patricia Deworitshe, the Deputy Director, Press, Ministry of Finance. The statement said the suspension was in line with the Public Service Rules (PSRs) 03405 and 03406.

The Federal Government on Sunday announced the appointment of Dr. Abdul Zubair as the Acting Director-General of Security and Exchange Commission (SEC), following the earlier suspension of Mr. Munir Gwarzo as the Commission's boss. The head of the Commission's Corporate Commission Unit, Mrs. Efe Ebelo announced the appointment in a statement issued to newsmen in Lagos.

The Central Bank of Nigeria (CBN) on Tuesday, injected another $210million into the forex market to boost liquidity in the inter-bank Foreign Exchange Market. Disclosing this in Abuja, the acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor said the sum of $100million was offered to the wholesale segment, while the small and medium enterprises (SMEs) segment got an allocation of $55 million.

The Comptroller General of Nigeria Customs Services (NSC), Col. Hameed Ali (rtd) has raised alarm over the increasing activities of smugglers in the country. He disclosed that over 91 percent of importers in the country engage in smuggling activities thereby denying the country of huge revenue. Ali made this known on Saturday while speaking at the presentation of a book, ‘Appraisal of the Crime of Smuggling In Nigeria’, authored by an Assistant Comptroller of the Service, Musa Omale.

Fulani cattle breeders under the aegis of Miyetti Allah Kautal Hore have rejected the anti-open grazing laws passed by some state governments including Benue state. The National President of the association, Abdullahi Bello Bodejo made the position of the group known on Monday in Abuja during a brief chat with newsmen. According to him, though the cattle breeders do not have anything against ranching in the country, the specie of cows they have in the country are not good for ranching.

The President of African Development Bank (AFDB), Dr. Akinwumi Adeshina says the Presidential Youth Advisory Group (PYAG) recently launched by the bank will create 25 million jobs for youths. PYAG according to NAN was launched on the side-lines of the 6th EU-Africa Business Forum in Abidjan. The initiative would provide insights and innovative solutions for job creation for Africa’s youth as outlined in the Bank’s Jobs for Youth in Africa Strategy (JFYA).

Dangote Cement Plc would on Thursday inaugurate a cement plant worth $500m in Congo. The Company made this known on Monday in a statement released to newsmen in Lagos. The statement hinted that the plant would produce 1.5 million metric tons of cement per annum upon commissioning.

The Nigeria Customs Service (NSC), Sokoto Area Command says it has intercepted about 506 bags of smuggled rice with a duty paid value worth over N12.127 million. The Area Comptroller in charge of the Command, Nasir Ahmed stated this on Wednesday while briefing newsmen. He disclosed that that interception followed an intelligence report from his officers.

Mr Mounir Gwarzo, the Director-General, Securities and Exchange Commission (SEC)

Mr Mounir Gwarzo, the Director-General, Securities and Exchange Commission (SEC) has called on capital market participants to adapt to new and changing economic, regulatory and business environment.