Olawoyin Oladeinde

Posts by Olawoyin Oladeinde:

Scene of fire outbreak in Lagos factory

UPDATE: No life lost in Lagos factory fire – LASEMA

The Lagos State Emergency Management Authority, LASEMA, Sunday, said no life was lost in the fire incident that occurred at Rida Plastic industry, Lagos. Earlier, PREMIUM TIMES had reported a fire outbreak at the premises of the plastic company, located on the Oshodi-Apapa Expressway, Barack bus stop, Lagos. Fire fighters…

Scene of fire outbreak in Lagos factory

Fire guts Lagos factory

There has been a fire outbreak at Rida plastic industry on the Oshodi-Apapa Expressway, Barack bus stop, Lagos. Fire fighters from the Lagos State fire Service and other private and public agencies including the Ikeja military cantonment were on ground to put out the fire. The fire has been curtailed…

Lagos lagoon accident

UPDATE: Woman dies as car plunges into Lagos lagoon

Tragedy struck Saturday night when a silver-coloured Kia Rio car plunged into the Lagoon at Mekwen Bridge, Bonny camp, Marina, at about 7.47 p.m., killing a woman. The incident involved two occupants who were identified as Felix Aniele and Chinagorom Adibe. PREMIUM TIMES gathered that when the incident occurred, Mr. Aniele, who…

Danfo Buses, Lagos[Photo Credit:Bella Naija]

Fear grips Lagos drivers, conductors as government plans to ban danfo buses

For Ayo Bamidele, a typical day begins at 4:00 a.m. and ends 19 hours later at about 11:00 p.m. A driver of the popular commercial mini-bus, otherwise known as ‘Danfo', Mr. Bamidele plies the Oshodi-Ilupeju route of the Lagos metropolis. But because he resides in Agbado-Ijaiye part of the city,…

NNPC-Towers (1)

NNPC recorded N197 billion loss in 2016

The Nigerian National Petroleum Corporation, NNPC, has said that it recorded N197.49 billion total loss at the end of the 2016 financial year. According to data generated from the corporation's Financial and Operational report for 2016, the corporation earned N1.726 trillion but recorded an expenditure of N1.923 trillion. Further checks…

Lagos Bus Tragedy

Bus plunges into Lagos canal, three dead

Three yet-to-be-identified people died in an accident in the early hours of Friday when a luxurious bus skidded off its track and plunged into a nearby waterway in Lagos. The accident occurred around 3:23 A.M. at Owode Elede, around Mile 12 area, Ikorodu Road, Lagos. The bus, with registration number…

Cross Section of members of the Federal Road Advisory Council inaugurated by Acting President Yemi Osinbajo on February 16, 2017 ... Photo Credit: FRSC Facebook Page

Nigeria inaugurates 24-member National Road Safety Advisory Council – – FULL LIST

Acting President Yemi Osinbajo has inaugurated a 24-member National Road Safety Advisory Council for the country. The inauguration of the body was done at Thursday's National Economic Council meeting attended by state governors, and presided over by Mr. Osinbajo. The Minister of Budget and National Planning, Udoma Udo Udoma, had…

Vice President, Yemi Osinbajo

Osinbajo, governors appoint six board members for NSIA as agency gets fresh $250 million

The National Economic Council (NEC) on Thursday approved the nomination of six Nigerians for appointment into the board of the Nigeria Sovereign Investment Authority (NSIA). The body also approved the injection of a fresh $250 million capital into the Sovereign Wealth Fund. The fresh capital was sourced from the Excess Crude…

Acting President Osinbajo speaks at the Niger Delta town-hall stakeholder's meeting in Rivers State. 13th Feb 2017. Photo: Novo Isioro.

As consultations continue, Nigeria records 58 per cent decrease in pipeline vandalism in Niger Delta

The Nigerian National Petroleum Corporation, NNPC, said on Thursday that it has recorded about 58 per cent reduction in cases of pipeline sabotage. This was disclosed in the Corporation’s monthly Financial and Operations Report for December 2016. According to the report, only 18 cases of vandalized points on downstream pipelines…

YouWinConnet

Buhari govt set to launch repackaged job creation initiative, YouWin

The Federal government is set to launch a re-designed Youth Enterprise With Innovation in Nigeria, YouWiNConnect! programme, the Finance ministry said Thursday. The YouWin programme, initiated by the administration of former president Goodluck Jonathan in 2011 as part of the government’s job creation initiatives, provides grants to Nigerians to start small…

FIRS-revenue-house

Nigeria’s revenue agency, FIRS, fails to meet 2016 target

Despite a marching order handed out to it by finance minister, Kemi Adeosun, the Federal Inland Revenue Service, FIRS, could not meet its revenue target for 2016, PREMIUM TIMES can report. Findings by this newspaper revealed that out of its N4.957 trillion tax target for 2016, the agency only generated…

Cooking gas [Photo credit: Business Daily]

Kano, Oyo, Abuja residents paid highest for cooking gas in January

Residents of Abuja, Kano and Oyo states paid the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) in January, the National Bureau of Statistics, NBS, has said. The NBS, in a report titled 'Liquified Petroleum Gas price Watch', said in January, Abuja…

Fuel station

Abuja, Bayelsa, Borno, pay highest prices for diesel in January

The National Bureau of Statistics, NBS, has said that Abuja, Bayelsa, Delta and Cross Rivers recorded the highest average price of N240.52 for diesel in January 2017. A report released Wednesday by the NBS said the average price paid by consumers for automotive gas oil, known as diesel, increased to…

Naira notes

Nigeria’s inflation rate increases, hits 18.72 per cent

From 18.55 per cent in December 2016, Nigeria’s inflation rate increased to 18.72 per cent in January 2017, the National Bureau of Statistics, NBS, has said. According to the Bureau, the Consumer Price Index, CPI, which measures inflation increased by 18.72 per cent (year-on-year) in January 2017, 0.17 percentage points…

PIC. 6. FUEL QUEUE AT A FILLING STATION ON THE INDEPENDENCE AVENUE, CENTRAL BUSINESS DISTRICT IN ABUJA ON MONDAY (16/11/15).
7200/16/11/2015/BJO/NAN

No need for panic buying of fuel, NNPC tells Nigerians

Nigerians have been advised not to engage in panic buying of fuel as measures are being put in place to ensure constant adequate supply. The Nigerian National Petroleum Corporation, NNPC, said it would increase the February supply of petroleum products by providing six additional PMS cargoes of 37,000 tonnes each.…

Naira notes

Less than one per cent of Naira notes are fake – CBN

The Central Bank of Nigeria, CBN, has said that the amount of counterfeit notes in Nigeria from January to December 2016 was less than one per cent of the total. The CBN made this known in reaction to claims by a former deputy governor of the apex bank, Obadia Mailafia,…

Arik Airline

KPMG to audit Arik, AMCON says

The new management of Arik Airlines has appointed international audit firm, KPMG, to undertake a forensic audit of the finances of the airline. Part of KPMG's mandate is to ascertain the true status of the airline's finances. A statement released by the Asset Management Corporation of Nigeria, AMCON, Monday, said…

Niger Delta Militants

Forcados trunkline attack responsible for Nigeria’s gas supply shortage – NPDC

The scarcity of gas being experienced across Nigeria has been attributed to last year’s incessant attacks on the Forcados trunk line. The Nigerian Petroleum Development Company, NPDC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, disclosed this on Sunday. “The pulverization of the Forcados trunk line by militants in…

Arik Airline

Why Nigerian airlines are failing –  Operators

The Airline Operators of Nigeria, AON, on Sunday attributed the poor ‎performance of domestic airlines to multiple taxation by various agencies in the aviation sector. Nogie Meggisson, Chairman, AON, made the claim in Lagos while reacting to the takeover of Arik Air and Aero Contractors by the Asset Management Company…

Frontal view of the complex

Inside Lagos ‘ghost’ markets where shop owners pay millions to sell ‘nothing’ (Part 1)

Pin-drop silence, empty k-clamps, locked up stalls, deserted staircase; and other signs of inactivity, welcome visitors to the main complex of the Oyingbo Ultra Modern Market, Lagos, even on a sunny afternoon. Devoid of the haggle that come with the exchange of goods in a typical market, the silence at…

The bundles of cash recovered from Former GMD of NNPC, Andrew Yakubu's residence

More reactions follow recovery of N3.04 billion from former NNPC GMD

Nigerians have continued to react to the recovery of N3.04 billion from the residence of Andrew Yakubu, a former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, in Kaduna. An operation by operatives of the Economic and Financial Crimes Commission, EFCC, on February 3 on a building belonging…

Farooq Kperogi

Ex-NNPC boss N3.04 billion loot: Columnist, Kperogi, slams Buhari’s anti-corruption war

Columnist and academic, Farooq Kperogi, has faulted President Muhammadu Buhari-led government's anti-corruption war. In an interview with PREMIUM TIMES, the journalism professor said the government's anti-corruption war was driven largely by propaganda as none of those alleged to have embezzled public funds in the president's cabinet had been investigated. Reacting…

Senate President Bukola Saraki

No provision for Abuja airport repair in 2017 budget – Saraki

Senate President, Bukola Saraki, has said that there is no provision for the repair of the Nnamdi Azikiwe International Airport runway, in the 2016 and 2017 budgets. He stated this while speaking with the Governor of Niger State, Sani Bello. In a statement released on Friday by his media aide,…

Tincan Port [Photo Credit: nationalmirroronline.net]

January customs revenue for Tin-Can port increases by over 100 per cent

Tin-Can Island Port 2 Customs Command on Friday said that it generated N834.6million in January. According to Godwin Andishu, the Public Relations Officer, PRO, for the command, the figure was N274.9 million higher than the N559.7milion generated December 2016. The January 2017 figure is also over 100 per cent increase…

Kwara State governor, Abdulfatah Ahmed

Kwara denies sacking teachers

The Kwara State government has denied reports that it has sacked teachers alleged to have been illegally employed by the Kwara state Teaching Service Commission, TESCOM. In a telephone interview with PREMIUM TIMES on Friday, Muyideen Akorede, Senior special assistant to the state governor on media and communication, said the…