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:

Forte Oil

Forte oil names acting secretary, general counsel

Forte Oil on Monday announced the appointment of a new acting company secretary and general counsel. The newly appointed official is Oladeinde Nelson-Cole. The announcement was contained in a disclosure notice sent to the Nigerian Stock Exchange on Monday. The notice was signed by Olumide Adeosun, the company’s Chief Executive…

Air Peace Aircraft

NCAA audits Air Peace fleet, declares them air-worthy

The Nigerian Civil Aviation Authority (NCAA) on Sunday declared the fleet of aircraft owned and operated by Air Peace fleet as airworthy. A statement by Sam Adurogboye, the General Manager, Public Relations, noted that the agency made the decision after it completed a "thorough technical audit of the airline and…

Nigeria's ministry of finance building

What Islamic finance products can do to Nigeria’s capital market, infrastructural growth

As the vehicle moved past dangerous potholes along the old Oyo-Ogbomoso road, the passengers murmured a few complaints. Determined to avoid the traffic congestion reportedly caused by an accident involving a truck on the narrow road, the driver swerved onto the uncompleted portion of the Ibadan-Ilorin expressway. Although the Oyo…

MTN-logo

MTN Nigeria mobile subscribers hit 61.5 million

Telecommunication giant, MTN Nigeria, on Friday said its mobile subscribers' base increased to 61.5 million in the first quarter of 2019. Details of the development are contained in the unaudited results of the company's first-quarter 2019 report made available to the Nigeria Stock Exchange on Friday. The report noted that…

AIRTEL office used to illustrate the story. [PHOTO CREDIT: Stackpreneur]

Airtel Africa reports growth in revenue, customer base in Q1 2019 results

Airtel Africa on Thursday declared that its customer base grew by 9.3 per cent to 99.7 million in the first quarter of 2019. Details of the growth are contained in the telecommunication company's first quarter 2019 results, posted on the website of the Nigeria Stock Exchange. According to the report,…

Google Maps Nigeria

Google announces new products for Nigeria

Google on Wednesday announced the introduction of a dedicated travel mode in Google Maps to provide directions and navigation for motorcycles in Nigeria. This will also be available in Benin Republic, Ghana, Rwanda, Togo and Uganda from Wednesday, the company said at the third Google for Nigeria event, held in…

Flour-Mills-of-Nigeria

Flour Mills posts Q1 2019 unaudited results; records 17% growth in profit

Food and agro-allied company, Flour Mills Nigeria Plc, on Thursday announced a 17 per cent growth in its profit after tax for the first quarter of 2019. The details are contained in the company's unaudited results for the first quarter of the year ended March 31. The result was posted…

forte-oil Photo credit: Logbaby.com

Forte Oil postpones AGM

Forte Oil on Wednesday announced the postponement of its 40th annual general meeting. The announcement was contained in a disclosure notice sent to the Nigerian Stock Exchange, NSE, Thursday. The notice, signed by Olumide Adeosun, the company's Chief Executive Officer, said the decision followed an approval by the Corporate Affairs…

JPMorgan

Malabu Scandal: We did no wrong, JPMorgan tells British court

Banking giant, JP Morgan, on Wednesday told an appeal court that it acted in line with its legal mandate when it allowed the transfer of $875million from an account held by Nigeria to a shell company run by a former Nigerian oil minister, Dan Etete. Rosalind Phelps of Fountain Court…

Central Bank of Nigeria (CBN)

CBN issues licences to three new banks

The Central Bank of Nigeria (CBN) has issued licenses to three new banks set for operations in Nigeria. PREMIUM TIMES' checks revealed that the three banks include two deposit money banks and one non-interest bank. Checks on the website of the apex bank Tuesday morning showed that the two deposit…

Director-General, Debt Management Office, DMO, Patience Oniha

DMO lists N100 billion FGN Sukuk

The Debt Management Office (DMO) of Nigeria on Tuesday listed the second ₦100 billion Sukuk of the Nigerian government on the Stock Exchange. PREMIUM TIMES gathered that the Sukuk is due to mature in 2025. The seven-year Sukuk was raised at a rental rate of 15.7 per cent, a 73-basis…

Air Peace Aircraft

Again, Airpeace aircraft involved in “faulty landing”

An Airpeace aircraft was involved in a faulty landing Tuesday, PREMIUM TIMES gathered. Our correspondent learned that the incident happened at the Murtala Muhammed International Airport in Lagos. Although details of the incident are still sketchy, Henrietta Yakubu, spokesperson of the Federal Airports Authority of Nigeria (FAAN) confirmed the incident…

The Murtala Mohammed International Airport

Airport Security: FAAN urged to provide additional patrol vehicles

The Federal Airports Authority of Nigeria (FAAN) has been advised to provide additional security patrol vehicles at the airside of the Lagos airport. This was contained in a press statement signed by Sam Adurogboye, the General Manager, Public Relations, of the Nigerian Civil Aviation Authority (NCAA). Mr Adurogboye noted that…

PIC. 8. FROM LEFT: HEAD OF SERVICE OF THE FEDERATION, ALHAJI ISA SALI, SECRETARY TO THE GOVERNMENT

Malabu Scandal: Etete discussed planned payments to Jonathan’s ministers, senators with me – Witness

A witness in the OPL 245 trial in Italy on Monday told the court that former oil minister, Dan Etete, was fine paying hundreds of millions of dollars to the "political sponsors" of the controversial Malabu deal. The witness, Vincenzo Armanna, former Eni manager and defendant in the corruption trial,…

FILE: Traffic gridlock at Mile12 on Ikorodu Road in Lagos on Thursday (2/8/18).

How to ease Lagos traffic – Fashola

A former governor of Lagos State, Babatunde Fashola, has suggested various ways the Lagos government can address the perennial traffic problems facing commuters in the state. Mr Fashola gave the recommendation when he spoke as a special guest of honour and lead speaker at the 4th Lagos Traffic Radio Lecture…

Speaker of the House of Representatives, Femi Gbajabiamila. [PHOTO CREDIT: Official Twitter handle of Femi]

SATIRE SATURDAY: Nigeria Air’s death anniversary and why Gbajabiamila needs 361 aides

On Wednesday, July 17, Distinguished Speaker of Nigeria's House of Representatives, Femi Gbajabiamila, announced the appointment of 27 new aides. According to a statement by Lanre Lasisi, Mr Gbajabiamila's Special Adviser on Media and Publicity, the new appointees were largely selected from former members of the House of Representatives. Expectedly,…

The Murtala Mohammed International Airport

FAAN suspends security officials over airport incident

The Federal Airports Authority of Nigeria (FAAN) on Friday suspended some aviation security unit heads at the Murtala Muhammed International Airport in Lagos. The indefinite suspension followed the Friday invasion of the airport runway by a yet-to-be-identified man. PREMIUM TIMES reported how the man disrupted an Azman flight to Port…

Azman airline flight

UPDATED: Passengers panic as man climbs Nigerian aircraft

Passengers on an Azman airline flight were thrown into confusion Friday as a yet to be identified man jumped on the aircraft on the runway of the Murtala Muhammed Airport in Lagos. Our reporter learnt that the incident occurred while the aircraft was taxi-ing in preparation for take-off. Details of…

MALABU: Shell-and-Eni

Malabu Scandal: How Shell, Eni, Jonathan’s ministers, others negotiated $1.3 billion deal – Witness

A major witness in the long-running Malabu oil scandal on Wednesday told an Italian court that Eni officials knew that the controversial payment made in the deal would go to Malabu oil company, controlled by Nigeria's former oil minister, Dan Etete. Vincenzo Armanna, former Eni manager and defendant in the…

Unity Bank

Unity Bank fined N7 million in 2018

Unity Bank Plc was fined N7 million by the Central Bank of Nigeria and the Security and Exchange Commission in 2018, according to details of the bank's annual report. The bank's annual report reviewed by PREMIUM TIMES showed that the bank was fined for sundry reasons within the year ended…

Oscar Onyema

NSE Inducts 46 dealing clerks

The Nigerian Stock Exchange (NSE) on Monday inducted 46 qualified dealing clerks. A statement by the NSE said out of the 53 candidates who passed the Chartered Institute of Stockbrokers (CIS) examination and went through the mandatory practical Automated Trading System (ATS) training at the NSE, only 46 passed the…

In Lagos, billions generated as ‘tax’ by road unions are never accounted for

As the commercial bus moved swiftly away from Abattoir bus stop inwards Tabon-tabon area of Agege in Lagos, the driver swerved dangerously into a crowded street. Many passengers wondered why he would take a longer route and expressed their frustration. Others lambasted him for making such a dangerous turning. But…

Oil rig used to illustrate the story.

How poor disclosure, delayed passage of PIB mar Nigeria’s oil licencing exercise

Amidst repeated calls for transparency in the governance of Nigeria's opaque oil industry and delayed passage of Nigeria's Petroleum Industry Bill, the Nigerian government's recent renewal of oil licences may have been marred by accountability and transparency challenges. The integrity of the exercise, from which the government said it generated…

Seyi Makinde (Photo Credit: Inside Oyo)

SATIRE SATURDAY: Oyo, Seyi Makinde and the “Solo Makinde” Syndrome

When it became clear that then PDP candidate Seyi Makinde was the ultimate shoo-in in the days leading to the last governorship election in Oyo state, a few analysts in Ibadan began to stretch narratives around the man's inevitable victory beyond the plausible limit. Then came this subtle claim that…

Ship Owned By JP Morgan (Photo Credit: CBS News)

U.S. officials seize 20 tonnes of cocaine from ship reportedly owned by JP Morgan

Federal authorities in Philadelphia, United States, seized nearly 20 tons of cocaine worth about $1 billion from a ship reportedly owned by JP Morgan's asset management arm. The development is said to be one of the largest drug busts in U.S. history. Although the ship, named MSC Gayane, is operated…