Olawoyin Oladeinde

Posts by Olawoyin Oladeinde:

High court

Ontario speaks on fresh fraud allegations by Union Bank

The management of Ontario Oil and Gas limited has denied any fraudulent sale of refined petroleum products as alleged by Union Bank Plc in an ex parte application filed by the Economic and Financial Crimes Commission, EFCC. The company spoke on Monday about a commercial transaction between her and the bank which…

alaafin of oyo

Why I made Gani Adams Aare Ona Kakanfo – Alaafin

The Alaafin of Oyo, Lamidi Adeyemi, on Wednesday said he did not receive money from the National Coordinator of the Oodua Peoples Congress, OPC, Gani Adams, before pronouncing him the new Aare Ona Kakanfo of Yorubaland. The monarch in a report by Punch Newspapers said the newly installed Aare Ona…

Oando workers at an oil rig

Oando reacts to SEC/NSE Suspension

The management of Oando plc said it was still reviewing documents sent to it by the Nigerian Stock Exchange, NSE, and the Securities and Exchange Commission, SEC, after the company was suspended on the Nigerian bourse Wednesday. A statement signed by Ayotola Jagun, Chief Compliance Officer and Company Secretary at…

Kwara State map

False monkeypox vaccination rumour spreads to Kwara

The Kwara State Government has denied rumours that soldiers are injecting school pupils in Omu-Aran, Irepodun Local Government Area of the state with killer vaccines. A statement by the Special Adviser on Security to the Governor, Amusa Bello, said there was no iota of truth to the claim. The News…

OANDO

Why we suspended trading of Oando shares – NSE

The Nigerian Stock Exchange, NSE, on Wednesday clarified the suspension of trading in the shares of Oando plc for two days. The NSE, in a notice Wednesday afternoon, said it was acting based on the directive of the Securities and Exchange Commission, SEC. PREMIUM TIMES had earlier reported that SEC…

UNILORIN entrance

UNILORIN student dies five days to convocation

Tragedy struck on Monday as a graduate of University of Ilorin, Taofeeqah Oloriegbe, died after a brief illness. The lady, who finished with a Second Class (Upper Division) in Electrical Engineering, died five days to her convocation ceremony slated for Saturday. When PREMIUM TIMES contacted UNILORIN’S Deputy Director, Corporate Affairs,…

Jubril Adewale Tinubu

UPDATED: Oando Crisis deepens as SEC suspends sale of shares

The Securities and Exchange Commission, SEC, on Wednesday ordered full suspension of the trading of shares of Oando Plc for two days. The commission also directed that effective from Friday, October 20, the Nigerian Stock Exchange should implement a technical suspension of the shares of the company. SEC in a…

Food stuff [Photo Credit] grace communication foundation

Nigeria’s Inflation rate drops for eight consecutive time amidst rising food prices – NBS

For the eighth consecutive time since January 2017, Nigeria’s inflation rate dropped to 15.98 per cent in September from 16.01 per cent recorded in August, the National Bureau of Statistics, NBS, said on Tuesday. According to data released by the NBS, the decline was 0.03 per cent points lower than…

champagne

Why Nigeria’s new luxury tax policy is yet to take off – Adeosun

The federal government said on Sunday that its plan to introduce luxury tax in the country has been delayed because of some legal protocols required to be met before the take-off of the policy. The Minister of Finance, Kemi Adeosun, told journalists at the end of the annual meetings of…

Oil vessel

Alternative energy may force Oil prices down to $10 per barrel, says expert

As alternative energy fuels continue to attract more investors across the world, oil prices are poised to crash to just $10 per barrel, an expert has said. In an interview with CNBC on Friday, Chris Watling, chief executive of Longview Economics, said the crash may be experienced over the next…

Lagos Governor, Akinwunmi Ambode [Photo: Today.ng]

In Ambode’s Lagos, citizens have no right to know govt. budgets, spending

There were smiles on the faces of Governor Akinwunmi Ambode and the two men who sat on both sides inside the Lagos House, Ikeja, as cameras' clicked while the governor signed the Lagos State government's N813 billion Appropriation Bill for 2017 into Law. Flanked by Akinyemi Ashade, the Commissioner for…

PIC.16.GOV. ABIOLA AJIMOBI OF OYO STATE (R) PRESENTING CERTIFICATE 

TO THE NEW OLUBADAN OF IBADAN, OBA SALIU ADETUNJI,  DURING THE 

OBA'S CORONATION IN IBADAN ON FRIDAY (4/3/16). WITH THEM IS THE 

OBA'S ELDEST WIFE, ALHAJA RAFIAT ADETUNJI.
2071/4/3/2016/MO/TA/CH/NAN

Olubadan reacts to Gov. Ajimobi’s ‘deposition threat’

The Olubadan of Ibadanland, Saliu Adetunji, on Thursday said there was no basis for the threat of deposition being issued by Oyo State Governor, Abiola Ajimobi. The monarch said he committed no crime that could make Mr. Ajimobi choose to depose him. The Ibadan monarch said this during the visit of the…

intels_office_building_project_img_1-720x450

Atiku’s Intels fumes as Nigerian govt terminates multi-million dollars contract

Intels Nigeria Limited, INL, on Wednesday kicked against the termination of its Pilotage Agency Agreement by the Nigerian Ports Authority, NPA. In its reaction on Wednesday, the company described the action as “preposterous” and highly injurious to Nigeria. The company was reacting to decision of the NPA to terminate the…

Aishah Ahmad

Diamond Bank evasive on promotion of new CBN Deputy Governor Aishah Ahmad

Diamond Bank, the current employer of newly appointed Deputy Governor of the Central Bank of Nigeria, Aishah Ahmad, has given a dodgy response when asked by this newspaper to respond to widespread claims that Ms. Ahmad was promoted executive director on the same day she was appointed to the top…

Murtala Mohammed International Airport, Lagos

FAAN, LASEMA partner on emergency operations at Lagos airports

The Federal Airports Authority of Nigeria, FAAN and the Lagos State Emergency Management Agency, LASEMA, have signed a Memorandum of Understanding, MOU to enable the emergency agency have access to difficult terrains within five nautical miles of airports in case of emergency. Speaking before signing the MOU for FAAN, the…

The Niger Delta Development Commission [Photo Credit: Nsima ekere]

Nigerian govt has abandoned us, NDDC scholarship beneficiaries

Some beneficiaries of the scholarship scheme put in place by the Nigerian government through the Niger Delta Development Commission, NDDC, have alleged that the commission has abandoned them. In several chats with PREMIUM TIMES, the scholars who craved anonymity, said they had been subjected to unfair and inhuman treatment by…

Nigerian Army

Eight years after, court orders Nigerian Army to pay N85 million for killing unarmed civilian

The Federal High Court, Lagos Division, has awarded N85.5 million as damages against the Nigerian Army for the assault and killing of one Olajide Enilari, a flour merchant. The judgement came eight years after the deceased, Mr. Enilari, died from a brutal assault by soldiers in 2009 and the case…

FILE PHOTO: Students in a classroom

World Teachers’ Day: Take teachers’ welfare serious, MSSN urges Nigerian govt

The Muslim Students' Society of Nigeria, MSSN, Lagos State Area Unit, has called on the federal government to institute a gratifying teacher-specific allowance, GTSA, to appreciate the contributions rendered by teachers nationwide. The Amir, MSSN Lagos, Saheed Ashafa, said this in a statement issued in Lagos on Thursday on the…

Milk products to illustrate the story. [Photo credit: Food Safety Helpline]

Dairy products, vegetable oil force food prices up in September – FAO

The Food and Agriculture Organization, FAO, on Thursday said global food prices rose slightly in September as firmer prices of vegetable oils and dairy products offset declining prices for staple cereal grains. According to the UN body, the increases outpaced inflation in many countries of the world. The FAO, in…

Murtala Muhammed International Airport, Lagos

Lagos airport opens 1,300 capacity car park

The Federal Airports Authority of Nigeria has commissioned a car park for use at the Murtala Muhammed Airport, Lagos. The six level, 1,300-capacity car park was built in partnership with Seymour Aviation Limited in a 30-year Built Operate and Transfer (BOT) arrangement. At the commissioning ceremony held in Lagos, the…

Central Bank of Nigeria (CBN)

CBN denies arrest of top official by EFCC

The Central Bank of Nigeria on Thursday denied that one of its directors had been arrested by the Economic and Financial Crimes Commission, EFCC. A statement issued by Isaac Okorafor, CBN’s acting Director, Corporate Communications, said that the report had no merit and urged members of the public to disregard…

Murtala Mohammed International Airport, Lagos

Aviation unions rally at Lagos airport

Several members of aviation unions on Thursday morning stormed the domestic wing of the Murtala Muhammed International Airport, Lagos. The union members, who had earlier threatened to picket some airlines, arrived the airport at about 8:05 a.m. The workers were seen chanting solidarity songs in demand for their rights. In…

Nigerian journalists used to illustrate the story [Photo credit: icirnigeria.org]

Journalists, others discuss fake news

Fake news and its negative effects on journalism practice were the focus of panelists at a journalism workshop organised by PriceWatersCooper, PWC, in Lagos on Tuesday. The one day workshop had as participants, journalists across both traditional and new media platforms The highlight of the workshop was a panel session…

FILE PHOTO: Immigration officials screening Nigerian returnee from Libya during their arrival at the Murtala Muhammed International Airport in Lagos on Thursday.

02040/24/3/2017/Uwalaka Benedict/ICE/NAN

Another 138 Nigerians return from Libya

After failed attempts to cross over to Europe from Libya, about 138 Nigerians on Tuesday returned to the country. The returnees were flown back to the country with the help of the International Organisation for Migration, IOM. The returnees, our correspondent gathered, were received by the officials of the National…

Aliko Dangote [Photo Credit: Guardian Nigeria]

Dangote Group denies 10-year tax waiver agreement

The Dangote Group has said that it will not benefit from a 10-year tax waiver reportedly granted it by the Nigerian government. Speaking in Lagos on Monday, the Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Devakumar Edwin, said the company has never benefited from any…