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:

Oil rig

ANALYSIS: Petroleum Industry Bill: Lessons Nigeria can learn from Ghana

Earlier in the week, details emerged that President Muhammadu Buhari had withheld assent to the harmonised Petroleum Industry Governance Bill (PIGB). Ita Enang, the presidential aide on National Assembly Matters, said on Wednesday that the decision was made for constitutional and legal reasons. Mr Enang said the provision of the…

South Africa’s Sun International to exit Nigeria after investigation

South African hotel and gaming group, Sun International, said on Monday it expects an investigation into a shareholder dispute in Nigeria to be completed shortly, before it would finally exit the country. The firm, operators of the Federal Palace Hotel, Lagos, had been subjected to probe by the Economic and…

File photo of President Muhammadu Buhari's visit to President @realDonaldTrump in the Oval Office and Press Conference in the Rose Garden.

SATIRE SATURDAY: Of Buhari, Trump and that 2-minute lifeless encounter

Paul Kennedy, British historian and renown analyst on issues of international relations, economic power and grand strategy, gave one of the most profound insights on British foreign policy and Great Power struggles. In his book ‘The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500…

Minister of Finance, Kemi Adeosun (Photo Credit: adelove.com)

#AdeosunGate: Another civic group sues, wants court to compel police to investigate Adeosun

A civic group has filed a suit seeking to compel Nigeria's police chief to investigate the forgery allegation against finance minister, Kemi Adeosun. The Human and Environmental Development Agenda Resource Centre (HEDA), a non-governmental organisation, filed the motion at the Federal High Court, Lagos. It is seeking the leave of…

MTN

MTN shares plunge after CBN sanction over $8.13 billion repatriation

MTN Group shares plunged on Thursday following sanctions imposed on the company by the Nigerian government. Reuters reports that the group’s shares plunged to a nine year low by noon Thursday. The development comes a day after Nigeria ordered the telecoms group to repatriate $8.1 billion that the Central Bank…

Nigeria Stock Exchange (NSE)

NSE lifts suspension on shares of Standard Alliance Insurance

The Nigeria Stock Exchange (NSE) on Wednesday lifted the suspension placed on trading in the shares of Standard Alliance Insurance Plc over non-submission of accounts. In a statement by Godstime Iwenekhai, Head of Listings Regulation Department, NSE said the suspension was lifted after the company submitted its accounts. The exchange…

Minister of Finance, Kemi Adeosun (Photo Credit: adelove.com)

#AdeosunGate: Presidency distances self from Sagay’s comments

The Presidency on Tuesday distanced itself from the comments made by Itse Sagay, chairman of Presidential Advisory Committee Against Corruption (PACAC) on allegations of certificate forgery leveled against the Minister of Finance, Kemi Adeosun. Femi Adesina, spokesperson to President Muhammadu Buhari, made the clarification while appearing on Channels Television breakfast…

Zenith Bank opens up on EFCC ‘invitation’ of GMD Peter Amangbo

The management of Zenith Bank has reacted to the arrest of its top executive by the Economic and Financial Crimes Commission, EFCC. The bank, in a disclosure notice signed by its head of corporate communication, Victor Adoji, on Tuesday claimed its official was “invited” by the anti-graft agency in relation…

Minister of Finance, Kemi Adeosun (Photo Credit: Chronicle.ng)

Nigeria’s GDP slowed in 2018 second quarter

Nigeria’s Gross Domestic Product (GDP) slowed in the second quarter of 2018, the National Bureau of Statistics, NBS, said on Monday. According to details of the Nigerian Gross Domestic Product Report (Q2 2018 ) released by the bureau on Monday, growth in Q2 2018 was –0.45 percent points slower than…

Oil rig

Finally, Egina FPSO sails to offshore field

The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday. The FPSO departed LADOL Free Zone in Lagos to the offshore field, according to THISDAY newspaper. Following…

INEC office signpost

INEC, MURIC disagree over alleged discrimination against Muslim women

The Independent National Electoral Commission, INEC, has reacted to claims that female Muslims in hijab are denied registration in Oyo and other South-west states. Mutiu Agboke, the Resident Electoral Commissioner (REC) in Oyo State, said no female Muslim in hijab or purdah was denied registration since the commencement of the…

Atiku Abubakar

2019: Atiku mocks Buhari over 800 metre walk claim

Former Vice President Atiku Abubakar on Wednesday mocked the Presidency over its claim that President Muhammadu Buhari walked 800-metre as evidence of his fitness to run in 2019. Mr Abubakar, who is eyeing the presidential ticket of the opposition Peoples Democratic Party, PDP, said he would work to create jobs…

Oyo State Governor, Abiola Ajimobi

Ajimobi speaks on demolition of Yinka Ayefele’s Music House

Governor Abiola Ajimobi of Oyo State on Tuesday reacted to the outrage that greeted the demolition of musician Yinka Ayefele's Music House in Ibadan on Sunday. The governor alleged that Mr Ayefele's conduct contravenes the law of the state. A video clip published by BBC News Yoruba, the station's indigenous…

Nigerian Police officers used to illustrate the story

Oyo NURTW boss, Fele, is dead

The Oyo State Chairman of the National Union of Road and Transport Workers, Taofeek Ayorinde, a.k.a., Fele is dead. Multiple sources in Ibadan, the Oyo state capital, confirmed his death to PREMIUM TIMES Tuesday evening. Details of the death still remain sketchy as at press time Tuesday evening. But the…

Pic.6. Demolished Yinka Ayefele’s Fresh FM building by Oyo State Government, onLagos By-pass, Challenge,Felele Road,in Ibadan on Sunday (19/8/18). 04486/19/8/2018/Timothy Adeogodiran/JMH/NAN

Ayefele: Oyo govt makes contradictory claims on demolition

The Oyo State Government on Monday took two contrasting positions on the demolition of popular gospel musician Yinka Ayefele's Music House in Ibadan, the state capital. While the government at a press conference insisted due process was followed in the partial demolition of the building, its counsel told an Ibadan…

UNILORIN entrance

Large tin ore deposit found on Unilorin land – VC

The Vice-Chancellor of the University of Ilorin, Sulyman Abdulkareem, has disclosed that there is a large deposit of tin ore on the university's land. Mr. Abdulkareem, a professor, noted further that the university would generate huge revenue from the resources. He disclosed this at the opening ceremony of the Strategic…

MusiciYinka Ayefele’s radio station demolished in Ibadanan Yinka Ayefele’s radio station demolished in Ibadan

‘My sweat… My pain’, Yinka Ayefele reacts to demolition

Popular musician, Yinka Ayefele, has reacted to the demolition of a part of his Music House building, located around Challenge area of Ibadan, Oyo State, on Sunday. The Music House, which houses the musician's popular radio station, Fresh FM, was demolished in the early hours of Sunday. The location of…

MusiciYinka Ayefele’s radio station demolished in Ibadanan Yinka Ayefele’s radio station demolished in Ibadan

Musician Yinka Ayefele’s radio station demolished in Ibadan

Fresh FM, an Ibadan-based radio station owned by veteran musician, Yinka Ayefele, has been demolished. The demolition exercise, PREMIUM TIMES gathered, began a few minutes past 6’o clock in the early hours of Sunday. The location of the station has been a subject of controversy in recent times, with the management…

Boboye Oyeyemi FRSC Boss

FRSC reacts to PREMIUM TIMES’ publication, vows to punish corrupt officials, driving school operators

Days after PREMIUM TIMES published an investigative report detailing the fraud surrounding Nigeria’s driver’s licence scheme, the Federal Road Safety Corps (FRSC) has vowed to investigate and punish corrupt officials and driving school operators across the country. In a statement issued Saturday and signed by Bisi Kazeem, the FRSC spokesperson,…

Front Gate to Federal Road Safety Corp, FRSC.

INVESTIGATION: Nigeria drivers’ licence fraud, how officials manipulate processes (2)

In the second of this two-part report, PREMIUM TIMES’ Oladeinde Olawoyin uncovers how the fraud is orchestrated in other states outside Lagos, the grand collusion, and why some Nigerians resort to illegitimate means of acquiring the licence. Read the first part of the report here. __________________________________________________________________________________ For several minutes on…

U.S. Embassy Abuja

U.S. Embassy closes Abuja Consular Section

"Scheduled visa and ACS applicants for Abuja will be contacted for rescheduling." The United State's Embassy has temporarily closed its consular section in Nigeria's capital city, Abuja. A notice by the U.S. embassy on Tuesday said until further notice, all consular appointments at the U.S. Embassy in Abuja have temporarily…

Sowore support group registers political party

#TakeItBack movement, a support group loyal to presidential hopeful and publisher of Sahara Reporters, Omoyele Sowore, has been announced as one of the newly registered political parties by the Independent National Electoral Commission (INEC). The movement is behind the new party named Africa Action Congress (AAC). It is one of…

Nigerians lineup to board BRT buses used to illustrate the story

Lagos third worst city to live – EIU report

Lagos, Nigeria’s commercial nerve center, is the third worst city to live in among 140 cities worldwide. The revelation is according to the Economist Intelligence Unit, EIU's 2018 ranking of the world's most liveable cities. The city was ranked 138th of the 140 countries ranked by the EIU. With a…

Godwin-Emefiele

CBN may increase interest rate — Deputy Governor

The Central Bank of Nigeria may tighten and increase its main interest rate if the nation’s inflation rate fails to decline. Deputy Governor of the CBN, Joseph Nnanna, said the apex bank is “in the mood” for tightening with regards to the monetary policy rate. Speaking on the sidelines of…

NSE suspends trading on Conoil shares

The Nigerian Stock Exchange (NSE) on Monday suspended trading in the shares of Nigerian oil firm, Conoil Plc. The Nigerian bourse announced the suspension via a notice signed by the NSE's Head of Listings Regulation Department, Godstime Iwenekha. According to the notice, the suspension was due to the failure of…