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. You may connect with Oladeinde on twitter (@Ola_deinde), Facebook (Oladeinde Olawoyin)

Posts by Olawoyin Oladeinde:

Diamond Bank Headquarters Photo: Business News

UPDATED: Why Diamond Bank chairman, three other directors resign

The chairman and three non-executive directors of Diamond Bank have resigned from their positions. This was confirmed by the bank in a letter dated October 24 and sent to the Nigerian Stock Exchange. In the letter titled “RESIGNATION OF CHAIRMAN AND NON-EXECUTIVE DIRECTORS,” the bank notified “the Nigerian Stock Exchange…

Osman Shahenshah, former top executives of energy firm, Afren. [PHOTO CREDIT: Financial Times]

Nigerian firm owned by billionaire Indimi named in UK criminal conviction

Two former top executives of energy firm, Afren, were on Wednesday convicted after they were found guilty of money laundering offences in the United Kingdom. Osman Shahenshah and Shahid Ullah were found guilty of fraud and money laundering offences from which prosecutors said they personally received more than $17 million…

ExxonMobil used to illustrate the story

Exxon Mobil sued in New York, accused of deceiving shareholders

The authorities in New York on Wednesday sued oil multinational, Exxon Mobil, over claims that the company defrauded shareholders by downplaying the expected risk of climate change to its business. New York Attorney General, Barbara Underwood, filed the lawsuit against the multinational on Wednesday after three years of investigation, according…

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

Electricity: We’ve performed better than PDP did in 16 years – Fashola

Nigeria’s Minister of Power, Works and Housing, Babatunde Fashola, on Tuesday said the present administration has done better in power generation, transmission and distribution than the opposition Peoples Democratic Party (PDP) did in 16 years of its administration. A statement sent to PREMIUM TIMES Tuesday from the minister’s media office…

AMCON

AMCON names Nigeria’s non-paying debtors; Ubah, Babalakin, Oloffa, Kashamu, others top list

The Asset Management Corporation of Nigeria (AMCON) on Monday released the list of debtors it claimed have failed to negotiate successfully with the corporation. The list, which contains about 105 names, came months after the asset management company said it would need the support of other relevant agencies to ensure…

Verification ongoing

How Obasanjo, Jonathan left us to suffer — ex-Nigerian Airways workers

One afternoon in the late 1990s, Pat Isaac climbed to the roof top of a water tank on the premises of the defunct Nigerian Airways to check the tanks. As a staff of the department in charge of water supply, the check was a routine activity, he told PREMIUM TIMES.…

Jamal Khashoggi [Photo: Middle East Monitor]

Khashoggi: Uncertainty looms in global oil market as Saudi contains outrage

The International Energy Agency (IEA) Monday on said it is not worried Saudi Arabia will cut oil supply in response to any potential sanctions over the killing of journalist Jamal Khashoggi. IEA chief, Fatih Birol, however told Reuters that analysts and industry stakeholders must deploy ‘common sense’ as political developments…

Shell-and-Eni

MALABU SCANDAL: Shell, Eni officials’ trial continues as anti-corruption group head appears before court

The trial of officials of oil giants Eni and Shell over the controversial Malabu scandal will resume Wednesday at the Milan Palace of Justice in Italy, PREMIUM TIMES has learnt. The Milan court’s decision came after Simon Taylor, a founding director of anti-corruption group, Global Witness, appeared before it as…

Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]

FG to pay 50% ex-Nigerian Airways staff benefits from next week – Minister

The Nigerian government on Wednesday said it will pay 50 per cent of entitlements owed ex-staff of the defunct Nigerian Airways in 2018 and pay the balance next year. The finance minister, Zainab Ahmed, revealed this on Wednesday while briefing journalists after the Federal Executive Council (FEC) meeting in Abuja.…

Transcorp-Hillton-Hotel

Transcorp gets new management team

Nigeria’s listed conglomerate, Transnational Corporation of Nigeria Plc (Transcorp), has announced new appointments into its board and executive management. The company in a statement Tuesday said Valentine Ozigbo, has been appointed as its President/CEO with effect from January 1, 2019. He will succeed Adim Jibunoh, who is retiring on December…

Festus Keyamo

Nigerian govt paying for ‘premium’, not subsidy – Keyamo

The Director of Media of the Muhammadu Buhari Campaign Organisation, Festus Keyamo, on Monday said the Nigerian government is paying for ‘premium’ on petroleum products and not subsidy. Mr Keyamo spoke Monday while featuring on a Channels Television morning programme, Sunrise Daily. The lawyer featured alongside the spokesperson of the…

Minister of state for Petroleum Resources, Ibe Kachikwu [Photo credit: Pulse.ng]

SATIRE SATURDAY: Fellow Nigerians, here’s how to ‘Kachikwu’ your way to the top

Kachikwu. A three-syllable endearing, fascinating noun, at least for many Nigerians. But for SATIRE SATURDAY, beginning Thursday night when it finally metamorphosed, that word has become a verb. To be sure, before now, it functioned prominently as the name of a serving Nigerian minister, regarded as one of the most…

Shell-and-Eni

We expect Malabu corruption trial in Italy to drag for months, Shell tells staff

Royal Dutch Shell has told its staff that it expects its trial for its role in the Malabu OPL 245 scandal to drag for months at an Italian court. The oil firm also distanced itself from two men found guilty of international corruption and jailed for four years each in…

SPECIAL REPORT: Amidst inadequate funding, Buhari’s road construction projects across Nigeria continue (1)

As the sun slowly baked his skin, Saliu Babamale navigated his way slowly through Akerebiata road, a few kilometres away from Shao garage, on his way to the Ilorin-Jebba-Mokwa-Birni Gwari expressway. Mr Babamale, 42, is a commercial driver plying the Ilorin-Jebba commercial route. The time was 12.40 a.m. and he…

nigerian_stock_exchange

NSE suspends trading in shares of six Nigerian companies

The Nigerian Stock Exchange (NSE) on Monday suspended trading in the shares of six listed companies. The companies were suspended after they failed to file details of their accounts to the Exchange as stipulated by market regulations. The six companies are DN Tyre & Rubber Plc, FTN Cocoa Processors Plc,…

Jimi Agbaje

Jimi Agbaje emerges Lagos PDP guber candidate

A leading candidate of the opposition Peoples Democratic Party (PDP) in Lagos state, Jimi Agbaje, has won the party's primary in the state. Mr Agbaje polled 1,100 votes to defeat Deji Doherty, who polled 742 votes. The chairman of the election panel, Victor Oyofo, declared him the party's flag bearer…

Jide Sanwo-Olu (Photo Credit: PageOne)

I won’t take your support for granted, Sanwo-Olu tells Tinubu, Lagosians

The governorship candidate of the All Progressives Congress in Lagos State, Babajide Sanwo-Olu, has promised not to disappoint the national leader of the party, Bola Tinubu. Mr Sanwo-Olu said he would not take for granted, the fatherly role played by the former governor and other party leaders. Mr Sanwo-Olu had…

File photo of Governor Akinwunmi Ambode addressing the press.

CLOSE-UP: The winners, losers in battle for Lagos APC governorship ticket

On Wednesday, the Lagos State Governor, Akinwunmi Ambode, accepted defeat in the governorship primaries of the All Progressives Congress (APC) in the state. Speaking in Lagos, Mr Ambode congratulated Babajide Sanwo-Olu, the winner of the party’s governorship ticket and the favourite candidate of power brokers in the state chapter of…

UPDATED: Vehicles razed in Lagos tanker fire

A petrol tanker spilled its content along the Lagos-Badagry road between Barracks and Onireke in Ojo Local Government area of Lagos in the early hours of Tuesday causing a fire outbreak that consumed seven vehicles. The fire, which began at about 5.00 a.m, destroyed the contents of a Mack trailer…

Ex-senator David Dafinone. [PHOTO CREDIT: Dawn To Dusk News]

Ex-senator David Dafinone is dead

A former senator and chartered accountant, David Dafinone, is dead. Details of his death were made known on Monday in a condolence message by an aide to ex-Delta State governor, James Ibori. Mr Ibori, in the message by his spokesperson, Tony Eluemunor, also mourned the death of businessman Sunny Okogwu.…

Governor Akinwunmi Ambode of Lagos state

Ambode alleges plan to disrupt peace ahead of APC primaries

The Governor of Lagos State, Akinwunmi Ambode, on Sunday alleged plans to disrupt the peace of Lagos as the ruling All Progressives Congress (APC) in the state holds its primary elections on Monday. Mr Ambode said this known while addressing a press conference at Government House, Alausa, Ikeja. He, however,…

Ambode

Ambode talks tough, makes damaging allegations against Sanwo-Olu

The Governor of Lagos State, Akinwunmi Ambode, on Sunday alleged that another aspirant in the All Progressives Congress (APC) in the state, Babajide Sanwo-Olu, is not fit to govern the state. Mr Ambode, who has been in the eye of the storm, stated this while addressing a press conference at…

Osinbajo, Ambode, others honour advertising icon Lolu Akinwunmi

It was celebration galore on Thursday in Lagos as political bigwigs and the crème de la crème of the advertising and marketing world gathered to honour advertising icon, Lolu Akinwunmi. The event was the launch of Mr Akinwunmi’s book, ‘Skin for Skin: The Prima Garnet Story’ as well as the…

Adebayo-Shittu

‘I am willing to serve in NYSC’ – Minister Shittu

Nigeria’s minister of communications and a governorship aspirant of the All Progressives Congress (APC) in Oyo State, Adebayo Shittu, has said that he is willing to embark on the mandatory National Youth Service Corps, NYSC. Mr Shittu, a lawyer, made this known in an exclusive interview with popular Ibadan-based broadcast…

More trouble for Ambode as 36 Lagos assembly members endorse Sanwo-Olu

Thirty six out of the 40 members of the Lagos State House of Assembly on Saturday endorsed an aspirant in the Lagos All Progressives Congress (APC) gubernatorial primaries, Jide Sanwo-Olu. According to a statement by the Chairman of the House Committee on Information, Strategy and Security, Adefunmilayo Tejuoso, the decision…