Business

YAHWEY TV BOSS, KAZEEM OYEBANJI OLASUNKANMI CELEBRATES BIRTHDAY WITH ORPHANS

Published

7 years ago

September 16, 2017

Kazeem Oyebanji Olasunkanmi popularly known as Kazbaj is the founder and CEO of newly established Gospel Television Cable Station called Yahweh TV, going by its slogan, the gospel heartbeat, showing all its programmes on Wale Adenuga Productions Television Cable also known as Wap TV Every Sunday. The programme runs between 1:30 – 2:pm and for now, it has been granted the rights to be showing on R2 TV (Royal TV) Cable Station. Yahweh TV which is dominated by gospel pragrammes will be focusing on entertainment and exclusive interviews on prominent Nigerian pastors both in the country and in the Diaspora.

Kazeem Oyebanji Olasunkanmi was born and brought up from a Muslim background to the respected family of Oyebanji from Ibadan in Oyo State but he is based In Lagos. After many years as a practicing Muslim, he was said to have met with the Lord who touched his life and he got converted to Christianity in 2013, he thereafter proceeded to Winners Chapel Bible College in Ota, Ogun State aftermath of which he was said to have gotten an inspiration and directives to propagate the works of God because after he has given his live to Christ, he was said to have rediscovered that the only assignment which was given to all Christians in this world especially when our Lord Jesus Christ came into this sinful world, He said to all his disciples that go ye into the world and preach the gospel, besides the holy bible also recorded it that there is a joy in heaven over a sinner that got repented.

Yahweh TV was a directive from the Holy Spirit after Oyebanji’s conversion from Islam to Christianity in order to propagate and in continuation of preaching the gospel of God in heaven to the entire world through this electronic media called Yahweh TV. Though, there are series of gospel television stations across the country, but to the glory of God, within a short time that God has established this gospel cable TV station, He has been doing wonderful and miraculous things by touching people’s lives through motivational speakers and many anointed men of God.

Oyebanji Olasunkanmi, who will be marking his birthday soon came into conclusion together with his Yahweh crew to pay a courtesy visit to Arrows of God Orphanage Branch which is situated on 7, Rafiu Egemo Strret, Off Lasu/Ojo Expressway, Obadore Alimosho LGA.

This is because he believes been alive is worth celebrating and to give a good offering of thanksgiving to our living God in heaven, saying further from his heart and his ways of believing and serving God right especially on a special occasion like this, is to show a profound gratitude to God, the maker of heaven and earth, because there is no amount of food or money been placed before God that He will eat, all what He deserves from us it to always give Him thanks and praises whenever we consider the numbers of our days on this planet of earth.

Olasunkanmi Oyebanji, a young promising and talented dude in his late 30s has set his priority right according to the promises of God and he is counting the blessing by naming them one after the other while he is seeing glorious and miraculous things that the lord has done in his life.

Business

Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

Published

22 hours ago

December 19, 2024

Sahara Weekly

Holiday Relief: Dangote Refinery Lowers PMS Price to N899.50, Introduces Special Credit Offer

In a bid to ease financial burdens during the holiday season, Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) to N899.50 per litre. This follows a previous price cut to N970 per litre on November 24. The move is aimed at reducing transportation costs for Nigerians as they prepare for festive celebrations.

Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, disclosed the development in a statement, highlighting additional benefits for consumers. Beyond the price reduction, the refinery is introducing a special credit offer. For every litre of PMS purchased on a cash basis, consumers can buy an additional litre on credit, supported by a bank guarantee from Access Bank, First Bank, or Zenith Bank.

“To help reduce transport expenses this holiday season, we’re offering PMS at N899.50 per litre and providing a credit option for additional purchases. This is part of our commitment to making high-quality petroleum products accessible to Nigerians,” Chiejina said.

The refinery also reaffirmed its commitment to providing premium-quality, environmentally-friendly fuel, while ending Nigeria’s dependence on substandard imported products.

With a capacity of 650,000 barrels per day, the Dangote Refinery is the largest single-train refinery in the world, capable of meeting Nigeria’s entire refined petroleum product demand and generating surplus for export. As the festive season approaches, the company expressed gratitude to Nigerians for their support and pledged continued efforts to ease their economic burdens.

Business

Setting the Record Straight: Clarifying NNPCL’s Role in the Dangote Refinery Investment

Published

1 day ago

December 18, 2024

Sahara Weekly

General Buratai Urges Dangote Not To Succumb To Marketers Blackmail, Reveals Why

Setting the Record Straight: Clarifying NNPCL’s Role in the Dangote Refinery Investment

We have received numerous inquiries from the media and concerned stakeholders seeking clarification regarding a recent report attributed to the Nigerian National Petroleum Company Limited (NNPCL). The report suggested that NNPCL’s decision to secure a $1 billion loan backed by its crude was instrumental in supporting the Dangote Refinery during liquidity challenges.

We wish to categorically state that this narrative is a misrepresentation of the facts. The $1 billion referenced constitutes just about 5% of the total investment in building the Dangote Refinery.

Our partnership with NNPCL was established based on their strategic importance as the largest offtaker of Nigerian crude and, at the time, the sole supplier of gasoline into Nigeria. As part of this agreement, a 20% stake in the refinery was valued at $2.76 billion. Of this amount, NNPCL agreed to pay $1 billion upfront, while the remaining balance was structured to be recovered over five years through crude oil supply deductions and dividends.

If we had been facing liquidity challenges, such generous credit terms would not have been feasible. At the time of the agreement in 2021, the refinery was still in its pre-commissioning phase. Any claims suggesting financial struggles are inconsistent with the structure and nature of this agreement.

Regrettably, NNPCL was unable to meet its commitment to supply the agreed 300,000 barrels per day of crude oil due to pre-existing financial commitments tied to their crude cargoes. Given this, we extended a 12-month period for NNPCL to pay cash for the balance of their equity. However, they were unable to meet the deadline, which expired on June 30, 2024. Consequently, NNPCL’s equity stake in the refinery was adjusted to 7.24%.

It is therefore inaccurate to claim that NNPCL facilitated a $1 billion investment amid liquidity challenges. Their $1 billion investment secured a 7.24% ownership stake in the Dangote Refinery, a strategic partnership beneficial to their interests.

NNPCL remains a valued partner, and we urge all stakeholders to adhere to the facts and provide accurate information to ensure proper media representation for the benefit of all stakeholders and the public.

Anthony Chiejina
Group Chief Branding and Communications Officer
18th December, 2024

Business

MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

Published

2 days ago

December 18, 2024

Sahara Weekly

MTN Contributes N200bn Monthly in VAT, Driving Tax Reform Debate

MTN Nigeria, the nation’s largest telecom company, pays over N200 billion in Value Added Tax (VAT) monthly, making it the single biggest contributor to the country’s VAT revenue, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee.

Speaking at Channels Television’s Town Hall on Tax Reforms, Oyedele highlighted significant disparities in the current VAT allocation system, revealing that all VAT paid by MTN is credited solely to Lagos State, where the company’s headquarters is located, despite the fact that services generating this revenue are consumed nationwide.

“MTN is the largest contributor to VAT in Nigeria,” Oyedele stated. “They pay over N200bn every month, and the gap between them and the second-largest contributor is massive. However, all this VAT is currently allocated to Lagos, even as calls are made across states like Kano, the FCT, Ekiti, Edo, and Kebbi.”

As part of the ongoing tax reform efforts, the committee has proposed a new framework to ensure equitable distribution of VAT revenues based on consumption rather than the corporate headquarters’ location.

Under the proposed redistribution model, Lagos State, which now retains the full N200bn from MTN, would see its share reduced to around 20 per cent. The remaining revenue would be distributed more fairly among other states where the services are consumed.

“This adjustment ensures states where VAT is generated get their fair share,” Oyedele explained. “While Lagos State’s share decreases slightly, every other state stands to gain under the new system.”

The tax reform bill, designed to address inefficiencies and promote fairness in Nigeria’s fiscal policies, has sparked debate among stakeholders. Critics have accused the committee of advancing policies that may negatively impact certain regions.

Oyedele, however, dismissed these claims, arguing that the current system is flawed and in need of urgent correction. “If something is being done wrongly, how can Lagos State or anyone oppose reforms aimed at fixing it?” he questioned.

The proposed reforms, which include provisions for revenue redistribution and efficiency improvements, are seen as pivotal to ensuring fairness and sustainability in Nigeria’s tax system.