Olawoyin Oladeinde

Oladeinde Olawoyin reports Business & Economy, Development and Lagos Metro at PREMIUM TIMES. A First Class graduate of Mass Communication from the University of Ilorin, Ilorin, he was nominated in the journalism category of The Future Awards Africa in 2017. Aside maintaining a column titled ‘SATURDAY SATIRE’, he also writes art and culture pieces on weekends. Twitter: @Ola_deinde

Posts by Olawoyin Oladeinde:

President Muhammadu Buhari and Vice President Yemi Osinbajo at the Town Hall meeting

FACT-CHECK: How accurate are claims made by Buhari, Osinbajo at #TheCandidates event

On Wednesday, Nigeria’s president, Muhammadu Buhari, and his deputy, Yemi Osinbajo, appeared at a town hall discussion forum organised by Daria media, in partnership with the Nigerian Television Authority (NTA). The event, anchored by ace journalist, Kadaria Ahmed, was aired live on NTA and other affiliated stations. It is part…

Former Vice President, Atiku Abubakar.

I’ll privatize NNPC, even if they’ll kill me – Atiku

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, on Wednesday reiterated his plan to privatise the Nigerian National Petroleum Corporation (NNPC) if elected on February 16. Mr Abubakar also promised to double the size of the Nigerian economy. Reuters reported Wednesday that Mr Abubakar, a businessman who…

A Market used to illustrate the story

Nigeria inflation rises to 11.44%

The consumer price index, which measures inflation, increased to 11.44 percent in December 2018, the National Bureau of Statistics said on Wednesday. The increase, the bureau said, is 0.16 percent points higher than the rate recorded in November 2018. The nation recorded 11.28 per cent inflation rate in November. In…

commissioner of police, Edgal Imohimi

Drama as two Police commissioners resume in Lagos

There was mild drama Tuesday at the Ikeja Headquarters of the Lagos Police Command as two Police Commissioners resumed duty for the day. PREMIUM TIMES understands that at the Government Reservation Area (GRA) headquarters, Edgal Imohimi, the state Police commissioner joined Kayode Egbetokun, a Deputy Commissioner who was on Monday…

Electricity station used to illustrate the story.

We may shut down power plants – Generating Companies

Nigeria’s electricity generation companies have threatened to shut down their power plants if the challenges facing them are not addressed. According to the Executive Secretary of the body, Joy Ogaji, the challenges facing the companies included liquidity issues, power rejection by the electricity distribution companies and gas constraints. Ms. Ogaji,…

MC Oluomo

SATIRE SATURDAY: Why Lagosians must support MC Oluomo as governor in 2023

The atmosphere was tense. Major shops shut. Some cutlass-wielding boys moved around in unison, through the Egbeda-Akowonjo lane, spewing incoherent curse words along the way. The unusually calm atmosphere of Iyana-Ipaja and environs testified to the palpable fear that had just engulfed the air. A day earlier, Lagos NURTW boss,…

Sayedero market were garri is being sold

How technology can boost Nigeria’s untapped cassava wealth

With the edge of her wrapper, Bola wiped off beads of sweat running through her forehead. Outside the shade under which she sat with her colleagues, the afternoon sun shone with fury. Bola had peeled cassava tubers for more than two hours before PREMIUM TIMES’ reporter arrived her mother’s shop…

President Muhammadu Buhari [Pix: Daily Post Nigeria]

FACT-CHECK: Is Nigeria self-sufficient in rice production, consumption as Buhari, Osinbajo claim?

The Muhammadu Buhari administration has always maintained that its ‘rice revolution’ has made the nation attain food sufficiency, especially in rice production. For far too long, the government has claimed that the Anchor Borrowers’ Program, its flagship agriculture program, has reduced the nation’s dependence on importation of rice. Responding to…

FILE: A Cooking gas business [Photo credit: Business Daily]

NNPC moves to reduce price of cooking gas

The Nigerian National Petroleum Corporation (NNPC) on Thursday said it will put measures in place to reduce the price of cooking gas. The corporation said it was ready to implement an effective commercial framework that would halt the export of propane and butane, which are major components in the production…

FRSC Officials 2

FRSC recruits 4,650 personnel; training begins nationwide

The Federal Road Safety Corps, FRSC, has begun training of its new recruits, PREMIUM TIMES has gathered. FRSC spokesperson, Bisi Kazeem, told PREMIUM TIMES in an exclusive chat Thursday night that successful candidates have been contacted through the email with which they applied. Mr Kazeem who said the successful candidates…

Ibe Kachikwu

Oil: Nigeria now produces 1.78 million bpd — Kachikwu

Nigeria’s Minister of State for Petroleum, Ibe Kachikwu, on Wednesday said Nigeria now produces 1.78 million barrels of crude oil per day (bpd). Speaking in Abuja, Mr Kachikwu added that the nation was expecting output from Egina oilfield to reach 150,000 bpd by the end of the month which could…

Adebayo Ogunlesi [Photo: Guardian]

PROFILE: What to know about Nigerian investor whose firm World Bank president joined after resigning

The president of the World Bank, Jim Kim, on Monday, resigned his appointment, effective February 1. A World Bank press release dated January 7 said Mr Kim announced that, “immediately after his departure, he will join a firm and focus on increasing infrastructure investments in developing countries. The details of…

Nigeria’s Minister of Power, Works and Housing, Babatunde Fashola

2019 Budget: State House, EFCC, Power ministry to spend N313 million on generator, fuel

Over N313 million has been budgeted for purchase, maintenance and fuelling of generators in three of Nigeria’s government offices in 2019, according to details of the 2019 budget proposal presented to the Nigerian Senate by the president, Muhammadu Buhari. The three government offices include the State House, the Economic and…

MRS Oil gets new director

The management of MRS Oil Nigeria Plc on Thursday announced the appointment of Priscilla Thorpe-Apezteguia as Director and Managing Director (Acting) of the Company. A disclosure notice sent to the Nigerian Stock Exchange (NSE), signed by O.M Jafojo, the company secretary, said the appointment followed a written resolution of the…

World Bank Group President Jim Yong Kim at a Berlin press conference. Tobia Schwarz / Getty Images

After resigning as World Bank president, Kim joins investment firm chaired by Nigerian

A former president of the World Bank, Jim Kim, is joining investment firm Global Infrastructure Partners (GIP) , chaired by Nigerian investment guru, Adebayo Ogunlesi. Bloomberg reported Tuesday that Mr Kim, 59, who abruptly resigned as president of the World Bank on Monday, will join the firm next month. PREMIUM…

FIRS Headquarters

FIRS generates N5.3 trillion in 2018, highest in Nigeria’s history – Official

The Federal Inland Revenue Service (FIRS) on Monday disclosed it collected about N5.320 trillion as revenues in 2018, the highest in the country’s history. FIRS Chairman, Tunde Fowler, who disclosed this in Lagos at a retreat on “Parliamentary Support for Effective Taxation of the Digital Economy” said its target for…

Dino Melaye surrendering to the Nigeria Police

SATIRE SATURDAY: Dino in the monkey’s shadow

Unlike every human being alive today, Senator Dino Melaye had his own 2019 crossover at about noon on Friday January 4, more than 72 hours after everyone on planet earth had moved into the New Year. The senator, perhaps bored by the never-ending theatrics of 2018, finally pitied the Nigerian…

MRS announces relocation of corporate headquarters

The management of MRS Oil Nigeria Limited on Friday announced that it has changed the location of its corporate headquarters in Lagos. The new development was communicated to the Nigerian Stock Exchange (NSE) in a disclosure notice issued by the firm Friday. The disclosure, signed by O.M Jafojo, the company…

Buhari, Osinbajo to spend N1.4 billion on food, travels in 2019

The Nigerian government has proposed to spend over N1.4 billion on food and travels for President Muhammadu Buhari and Vice President Yemi Osinbajo in 2019, details of the 2019 budget obtained from the Budget Office have shown. Of the figure (put at N1.461 billion), over N1 billion (1,001,318,171) has been…

Presidential plane used to illustrate the story.

Buhari plans to spend more on presidential air fleet in 2019 than 2017, 2018

The Nigerian government has proposed to spend N7.30 billion (7,297,022,065) on the Presidential Air Fleet (PAF) in the 2019 budget proposal, according to details obtained from the Budget Office of the Federation. The proposed expenditure is about 67 per cent higher than the N4.37 billion appropriation in the 2017 budget,…

PIC MIX: Access Bank - Diamond Bank

Merger: Free ATM services for Diamond Bank, Access Bank customers

Beginning Tuesday, customers of Access Bank Plc and Diamond Bank Plc will have free access to 3,100 Automated Teller Machines (ATMs) for seamless banking services. This revelation is contained in a statement issued by the banks on Monday. The move follows the planned merger of the banks which is expected…

Nigeria Stock Exchange (NSE)

NSE expels 35 stockbroking firms (FULL LIST)

The Nigerian Stock Exchange (NSE) says it has expelled 35 stockbroking firms from the bourse. The NSE made this known in a disclosure published in Punch newspaper earlier in the week. The Nigerian bourse said it took the decision after a special meeting of its national council held earlier in…

Gov. Ibikunle Amosun of Ogun State [Photo: The Guardian Nigeria]

SATIRE SATURDAY: Shall we peep into Gov. Amosun’s ‘skyscraper’ cap?

When he emerged on the political scene first as senator and more notably as Ogun state governor in 2011, Ibikunle Amosun must have reminded many Yoruba film enthusiasts of the famed comedian, Gbolagade Adedeji, known popularly as ‘Aro Onifila gogoro’. Although now late, ‘Aro’ shook the comedy scene of his…

Minister of Trade and Investment, Okechukwu Enelamah

ANALYSIS: How Nigeria’s trade and investment have fared under Enelamah

As Nigeria's Minister of Industry, Trade and Investment (MITI), Okechukwu Enelamah for over three years has overseen policy-making and implementation relating to industrialisation of the economy, development of small and medium-scale enterprises (SMEs) and promotion of trade. The ministry under his leadership says it is structured around five pillars which…

No hijab in Lagos schools, no votes in 2019, Muslim students group tells candidates

The Muslim Students' Society of Nigeria (MSSN), Lagos State Area Unit has said that unconditional approval for female students to wear hijab in schools will be one of the criteria its members will use for voting gubernatorial candidates in Lagos state in 2019. In a statement on Thursday, the group…