Olawoyin Oladeinde

Posts by Olawoyin Oladeinde:

Nigerian Senate

Petroleum Industry Governance Bill ‘seriously flawed’, fails local communities – Group

A civil society organization, Social Development Integrated Centre, Social Action, has described the Petroleum Industry Governance Bill, PIGB, as "seriously flawed". The organisation, in a press statement signed by its director, Isaac Osuoka, said the bill, which was passed recently by the Nigerian Senate, fails the environment and local communities…

Ketumile Masire [Photo: Botswana Youth Magazine]

Obasanjo mourns former president of Botswana, Quett Masire

A former Nigerian president, Olusegun Obasanjo, on Saturday commiserated with the people of Botswana on the passing of Quett Masire, former President of the Republic of Botswana. Mr. Masire died recently at the age of 91. Mr. Obasanjo, who said the late Botswana leader would be greatly missed for his…

Minister of Finance, Kemi Adeosun

Recruitment of 7,500 tax officers: Nigerian govt. begins training of pilot set

The Nigerian government says it has commenced training of unemployed graduates recruited as Community Tax Liaison Officers to boost tax revenue generation. The Minister of Finance, Kemi Adeosun, who revealed this on Friday said 27 Nigerians were being trained as a pilot set for the programme. The selected persons, drawn…

Unilag

Nigerian govt. to provide uninterrupted power supply to eight Nigerian Universities

The Nigerian government is set to provide uninterrupted power supply to eight Nigerian universities. A statement released by the Ministry of Power on Friday noted that in a bid to resolve power challenges in institutions of higher learning in the country, the Rural Electrification Agency (REA) signed a Memorandum of…

Minister of Works, Power and Housing, Babatunde Raji Fashola

Fashola slams National Assembly for Lagos-Ibadan, 2nd Niger bridge budget cuts

The National Assembly slashed N21 billion off the N31 billion vote for the Lagos–Ibadan Expressway, Nigeria's Minister of Power, Works and Housing, Babatunde Fashola, has said. Speaking in Lagos during the week, Mr. Fashola said N5 billion was also taken off the Second Niger Bridge. He said funds saved were…

Nigerian Stock Exchange (NSE)

NSE reviews indices; Fidelity, Diamond, others may join

The Nigerian Stock Exchange, NSE, on Wednesday, announced the review of the the bourse’s six sectoral indices. The indices expected to be reviewed include NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil & Gas and the NSE Lotus Islamic Indices. A statement by Joseph Kadiri, NSE's media…

Some of the 171 Nigerians who voluntarily returned from Libya before they disembarked form their aircraft on arrival at the Murtala Muhammed International Airport, Ikeja. {Photo; NAN]

34 Nigerians deported from Europe arrive Lagos

Thirty-four Nigerians have been deported from six European countries, Switzerland, Germany, Iceland, Austria, Belgium and Hungary for allegedly committing immigration-related offences. The deportees comprising 32 males and two females arrived at the Murtala Muhammed International Airport (MMlA) Lagos at about 6.30a.m in a chartered Airblue Panorama aircraft. The spokesman of…

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Customs officer remanded for trafficking 384kg of marijuana

A Federal High Court in Lagos on Thursday ordered the remand of a Customs Officer, Ugwoke Emmanuel, who was arrested by the National Drugs Laws Enforcement Agency (NDLEA) for dealing in narcotic. The court ordered he be remanded till September 28, when his bail application will be decided. The judge,…

Gov Ajimobi

Oyo govt. to demolish structures as flood ravages communities

The Oyo State governor, Abiola Ajimobi, has said that all structures on waterways and floodplains obstructing the free flow of rivers may have to give way to forestall loss of lives and properties to flooding in Ibadan, the state capital. Mr. Ajimobi said this during an assessment of areas affected…

Queens College

SERAP drags Queens’ College to UN over pupils’ deaths

The Socio-Economic Rights and Accountability Project, SERAP, has urged four special rapporteurs of the United Nations, UN, to intervene in the crisis rocking Queens' College, Lagos. SERAP, in a statement on Tuesday, said it petitioned the U.N rapporteurs, urging them to use their good offices and mandates "to urgently request…

EFCC Operatives

EFCC partners IT agency to curb fraud in procurement of gadgets by MDAs

The National Information Technology Development Agency (NITDA) and the Economic and Financial Crime Commission (EFCC) have forged an to check fraud associated with the procurement of Information Technology products and service among Ministries, Department and Agencies of the Federal Government. The director general of NITDA, Isa Pantami, made this known…

Police at the Lagos State Model College, Igbonla where students were kidnapped

Kidnappers of Lagos school children ‘not reachable

Parents of the kidnapped students of Lagos Model School, Epe, on Tuesday lamented the inability of the government to rescue their wards from kidnappers' den. The parents who said the kidnappers were no longer contacting the family. Speaking to PREMIUM TIMES Tuesday morning, one of the parents disclosed that for…

Gov. Abiola Ajimobi of Oyo State (4th, L); United States ambassador to Nigeria, Mr Stuart Symington (5th, L); Deputy Governor of Oyo State, Chief Alake Adeyemo (2nd, R) and other officials, during the ambassador's visit to Gov. Ajimobi in ibadan on Monday (19/6/17).
03362/19/6/2017/Timothy Adeog¬odiran/BJO/NAN

U.S. pledges commitment to Nigeria’s unity

The U.S. Ambassador to Nigeria, Stuart Symington, has said that his country will continue to work towards the promotion of Nigeria's unity. Mr. Symington, who said this in Ibadan, Oyo State on Monday, noted that in Nigeria's unity lies the strength of the world’s most populous black nation. The envoy,…

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SON intercepts N8 billion worth fake cables in Lagos

The Standards Organisation of Nigeria, SON, on Monday said it intercepted over N8 billion worth of substandard electric cables. The Director-General of SON, Osita Aboloma, who made this known said the cables are cloned versions of 20 popular Nigerian brands. According to the organisation, the cables were shipped into Nigeria…

Corporate Affairs Commission (CAC)

NITDA commends CAC, FIRS, JAMB for effective use of ICT

The National Information Technology Development Agency, NITDA, on Monday commended some government agencies for their effective use of Information and Communication Technology, ICT, for service delivery. A statement signed by Isa Patanmi, NITDA Director General, said the commendation was necessary because the agencies met the expectations and requirements of the…

LAUTECH

LAUTECH Crisis: Ooni pledges N500,000 to support #FundLAUTECH initiative

The Ooni of Ife, Adeyeye Ogunwusi, on Monday pledged to support the #FundLAUTECH initiative with N500,000. The monarch made the pledge when the #FundLAUTECH team, a group of alumni members of the troubled institution, paid a courtesy call on him at his palace in Ile-Ife, Osun State. Led by the…

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SPECIAL REPORT: Uber killing our business, Lagos taxi drivers lament

Jolted back to reality by the presence of this reporter having been dozing off for what appeared the whole day, Lawal Azeez sprang to his feet to make enquiries about this reporter's intended destination. Mr. Azeez was later joined by his colleagues, a group of old and middle-aged men. With…

Uchennna Onwuamadike, wife of notorious kidnap kingpin, Chikwudubem Onwuamadike, begs for mercy

Forgive my husband Evans, wife of notorious kidnapper begs

Uchennna Onwuamadike, wife of notorious kidnap kingpin, Chikwudubem Onwuamadike, also known as Evans, has appealed to Nigerian authorities to spare the life of her husband. Mrs. Onwuamadike's appeal came after the man was arrested by officials of the Nigerian police penultimate Saturday. According to the police, Evans had managed to…

Fire fighters on ground at the scene

Fire guts home of Nigeria’s former deputy leader, Oladipo Diya

The Lagos residence of a former Chief of General Staff, Oladipo Diya, was on Saturday gutted by fire. The fire, which started in the evening, was finally put off at around 7 p.m., PREMIUM TIMES gathered. The house is located on 31 Adekunle Fajuyi Way, Ikeja GRA, Lagos. Findings by…

Oyo State Governor, Abiola Ajimobi

Gov. Ajimobi flags off N70 billion Ibadan road

The Oyo State Governor, Abiola Ajimobi, on Friday flagged off the construction of the Ibadan Circular Road estimated to cost about N70 billion. A statement released by Yomi Layinka, Mr. Ajimobi's media aide, said the road will boost the socio-economic development and transportation system in the state. The governor, while…

LAUTECH

LAUTECH Crisis: MTN foundation, others to intervene as alumni fundraising efforts ebb

The alumni association of the Ladoke Akintola University of Technology, LAUTECH, has called on well-meaning Nigerians to support the #FundLautech initiative put in place to rescue the troubled institution. Bayo Adeyinka, a former president of the institution's Students' Union and one of the facilitators of the initiative, made the appeal…

Minister of Finance, Kemi Adeosun

Only 214 people in Nigeria pay taxes above N20 million – Adeosun

Nigeria's finance minister, Kemi Adeosun, on Friday said the federal government would step on toes in its revenue generation drive. Mrs. Adeosun said only 214 people in the entire nation pay taxes of more than N20 million. All in that category are in Lagos. The minister spoke at a parley…

Doyin Salami [Photo Credit: TAMS Nigeria]

Experts suggest steps to Nigeria’s sustainable growth

A senior lecturer at the Lagos Business School, Doyin Salami, on Friday said Nigeria would need to think away from government for the nation to innovate out of recession. Mr. Salami, a member of the Monetary Policy Committee of the Central Bank of Nigeria, CBN, said the nation would need…

Dollars

Nigerian migrant workers contribute $18.956 billion remittances in 2016

Nigerian migrant workers contributed $18.956 billion as remittances in 2016, representing 5.2 per cent growth in nine years, a United Nation's agency has said. The report, titled 'Sending Money Home: Contributing to the SDGs, One Family at a Time', was published on Wednesday. According to the report, global migrant workers…

[Photo Credit: Independent.co.uk]

Oil prices tumble amid uncertainty over implementation of OPEC deal

Due to pressure from high global inventories and doubts about OPEC's ability to implement agreed production cuts, oil prices dropped to six-week lows on Thursday. Brent crude oil fell 30 cents to $46.70 a barrel, its weakest since May 5 and just above six-month lows. It, however, recovered a little…