Nelson Leke

Nelson Leke


Nigeria’s latest entrant into the telecoms scene and advanced 4G/LTE network operator, ntel, has announced an exciting pre-launch opportunity to early pre-subscribers as it prepares to enter the market. According to the telecoms operator, the first batch of ...
OPEC Set for Crunch Meeting Amid Fuel Price Slump

OPEC is heading for very tough meeting this week, delegates and officials said on Tuesday, as country members pump record volumes amid an uncertain demand outlook and as the prospects of a U.S. interest rate hike could push ...

The federal government has given its approval for the establishment of an Efficiency Unit (E-UNIT) in the Federal Ministry of Finance to ensure effective management of Nigeria’s economy and reduce cost of governance. The principal objective of the Efficiency ...
Contaminated Fuel: NCAA Suspends 5 Fuel Marketers from Supplying Aviation Fuel

The Nigerian Civil Aviation Authority has suspended five oil marketing companies from supplying aviation fuel to local and foreign airlines operating in the country due to lack of depot facilities. The companies are Ascon Oil Company Limited, Acorn ...
Lagos State Government Warns Residents Against Consumption of Contaminated Poultry Products

The Lagos State Government has issued a warning to its residents to be wary of buying and consuming exhumed contaminated poultry produce like chicken and turkey meat currently in circulation in the state. Lagos state’s Commissioner for Agriculture, Mr. To­yin ...
Edo State Yet to Receive $75 Million World Bank Loan – Oshiomole

Gov. Adams Oshiomhole of Edo on Friday said the State was yet to receive the $75million World Bank loan recently approved for the state. Oshiomhole disclosed this in Benin during a Colloquium organised by the State Government to ...
Nigerian Economy Records US$10.22 billion Foreign

A letter from the Central Bank of Nigeria has revealed that the CBN, Deposit Money Banks, SystemSpecs and the Nigerian Interbank Settlement Systems Plc are among the stakeholders sharing the 1% service fee being collected on all government revenue ...

Customers yesterday got a breather on the Bank Verification Number (BVN), with the Central Bank of Nigeria (CBN) directing banks to ensure their uninterrupted enrolment on the platform. In a statement signed by its Director (Corporate Communications) Ibrahim ...
Nigeria Has Potential To Be Top 3 Gas Producer In The World – Chevron President

President, Chevron Africa and Latin America Exploration and Production, Mr. Ali Moshiri, has disclosed that Nigeria has more gas resources to make it number three or four in the world, but that the challenge militating against the realisation ...
CBN Mulls Extra Fines For Banks Over Non-Remittance of Export Proceeds

Reports in the media suggest that the CBN could be mulling another round of fines for banks that failed to remit the foreign exchange earned from export proceeds. The penalty could be targeted at export proceeds earned between July 2014 and ...
MTN N1.04 Trillion Fine: Telecoms Subscribers Drag NCC to Court

The registered Trustees of the National Association of Telecoms Subscribers’ (NATCOMS) led by its president, Chief Adeolu Ogunbanjo, Friday last week instituted an action at the Federal High Court, Ikoyi Lagos, seeking among others, an injunctive reliefs against ...
Ambode urges journalists to advance economic development

Director-General, Lagos State Public Service Staff Development Centre (PSSDC), Mrs. Olubunmi Fabamwo, has said the Lagos State government will continue to develop institutional framework and implement reforms to enhance the capacity of its public service so as to deliver ...

More winners have continued to emerge in the on-going Legend Extra Stout Taste and Tell campaign, with Abdulrahman Shehu, a motorcycle operator the latest winner of a generator in Ilorin who said he will restart his barbing shop ...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has indicted oil companies in the country, saying that they owe the federal government over $1.7 trillion

The Nigerian Extractive Industries Transparency Initiative has called for a reduction in crude oil allocation to the NNPC should be reduced since the country’s refineries are performing far below expectation, and that out of the 445,000 barrels of ...
Oando, Daar Comms, Others Get N59.4 Million Fine for Late Submission of Financial Statements

The Nigerian Stock Exchange (NSE) has fined 34 companies about N59.4 million for filing their financial statements after the expiry of the regulatory due date. In the latest edition of its ‘X-Compliance Report’ released on October 26, 2015, ...
Dangote Group Reveals Expansion Plans Across Africa

In a bid to expand its services across Africa, President, Dangote Group of companies and Africa’s richest man, Aliko Dangote, has unveiled plans to launch several new cement and sugar plants as well as mines across the continent. ...
Network Expansion: Telecom Operators Invest Over N133 Billion

In a bid to expand network infrastructure, Telecom operators in Nigeria have reportedly invested an estimated N133 billion in building new telecoms Base Transceiver Stations (BTS) across the country. Operators mainly in the Global System for Mobile Communications ...
BVN: Number Of Enrolled Bank Accounts Hit 20 Million

The Nigeria Inter Bank Settlement System Plc (NIBSS) says over 20 million customers have been enrolled by banks in the ongoing Bank Verification Number (BVN). In a statement issued on Sunday in Lagos, NIBSS said that the milestone ...
NMRC Disburses N1Billion To Facilitate Good Mortgage Rates

In a bid to facilitate the provision of affordable homes at good mortgage rates to Nigerians, the Nigerian Mortgage Refinance Company (NMRC) has disbursed N1 billion to Imperial Homes Mortgage Bank Limited (formerly GTHomes Limited). Imperial Homes becomes ...
Diamond Bank Seeks To Improve Nigeria’s Export Services

Diamond Bank Plc has partnered with the Nigerian Export Promotion Council (NEPC) to drive efficiency in export services through improved export related financial process and service delivery. In a two-day training programme focusing on managing effective export desk ...
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