General News
Survey Reveals 13% Nigerians Buy Petrol @ N100 Per Litre

Fourth Quarter (Q4) results for the Petrol Price Monitoring Polls conducted by NOIPolls Limited has revealed that 13% of Nigerians purchased petrol N100, an increment of N3 and probably by petrol stations.
Similarly, the majority of Nigerians (77%) who purchased petrol at the official price of N97 and typically buy petrol from major marketer filling stations (69%), use the product for both their cars and generators (46%).
These form part of the findings of the Petrol Price Monitoring Poll for Quarter 4, 2013 conducted by NOIPolls.
In January 2012, the Petroleum Products Pricing Regulatroy Agency (PPPRA) along with government announced an increase in the price of petrol from N65 to N141 as a result of the removal of subsidy because over a trillion naira was spent in 2011 on the payment of subsidies.
After days of protest by Nigerians led by organised labour and civil societies who were unhappy about the perceived hardship this action would cause Nigerians and the lack of notice by the government to carry out such plans, the government as a stop-gap measure partially removed the subsidy on petrol, thereby bringing the official pump price of petrol to N97.
Subsidy has been defined as money given by the state or public body to keep down cost of commodities. Some people see it as a form of protectionism or trade barrier because domestic goods are made affordable artificially.
Within the Nigerian petroleum pricing context, subsidy would then mean selling petrol below the cost of production or importation.
In the course of and following the 2012 subsidy protest and partial removal of subsidy by government, many debates arose with erroneous and inaccurate information passed across as the truth, indicating a need for a dependable measure of public opinion on issues surrounding public policies.
This led NOIPolls to initiate the Petrol Price Monitoring Poll Project in January 2013. This result release is the fourth quarterly release in the series.
The purpose of the poll, according to the NOIPolls, is to monitor and analyse the current price and uses of petrol in Nigeria, as well as to measure the perception of Nigerians towards the petrol price differences at various points of sale and the removal of fuel subsidy.
Other key findings are that over 6,000 respondents were interviewed from January-December 2013 and respondents were asked the same ten questions for each monthly poll, but only five of these will be reviewed in this report.
With the aim of identifying the main petrol distributors that Nigerians patronize, respondents to the poll were asked: Where do you mainly buy petrol from? Results reveal that in Q4 the majority (69%) buy petrol from major marketer filling stations.
This is followed by 24% who mainly purchase from independent marketer filling stations and 7% who buy from petrol hawkers.
Analysis of the results by geo-political zones shows that the South-West has the highest percentage of people (78%) purchasing petrol from major marketer filling stations.
The South-East zone has the highest percentage purchasing from independent marketer filling stations with 39%, while the North West and North-East zones have the highest percentage of people purchasing from the hawkers with 16% and 15% respectively.
When Q4 results are compared with Q3, current results show there were no major changes in Q4. There was a slight 1-point decline in the proportion of people that mainly buy from major marketer filling stations and another slight 2% decrease in the proportion that buy from Independents when compared to Q3 results.
Subsequently, In order to estimate the average cost of petrol in Nigeria as well as measure the percentage of Nigerians who buy above the official pump price, the respondents were asked: How much do you normally buy petrol?
Results show that the 77% of Nigerians purchased petrol at the official price of N97 in Q4. This was followed by 13% who purchased at N100. However, in total, 23% of Nigerians bought petrol above the official price in Q4.
Further analysis by geo-political zones shows that the South-West, North-Central, North East and South-East zones have the highest amount of respondents who bought petrol at N97 with 81% and 80% for the three other zones respectively.
A cumulative look at the prices paid for fuel in the 4th quarter shows that the proportion of respondents that bought at the official price of N97 was highest in November (83%) and this dropped to 75% in December.
General News
Leo Stan @ 70: Blessed and Bruised by Country, Eyes Next Disruption

One a quiet Wednesday, February 22, 1956, in Ubomiri, Mbaitoli, Imo State, the family of Chief and Lolo Ebenezer Ekeh leaped for joy at the birth of Leonard Stanley Nnamdi Ekeh- their second son.

Leonard Stanley Nnamdi Ekeh
His birth was both cosmic, and disruptive as his journey down this 70 years on earth has proven.
Leonard Stanley Nnamdi Ekeh, popularly know as Leo Stan Ekeh or LSE is human by birth but profound, rare and has higher consciousness.
Imbued with deep intuition, intense creativity, and compassionate nature, Leo Stan possesses critical thinking ability.
He has relentless drive to succeed across multiple facets of life. This is a self-made construct driven by his deep spiritual and purposeful living, rather than just mere survival.
Despite the recurring and abrupt reversal of government policies, which leave companies including his hemorrhaging, Leo Stan has remained committed and actively participate in the development and nation-building of Nigeria.
Am one of the lucky people to have known him up close and personal for nearly 30 years.
He has endured lots of back biting and campaigns of calumny from competitors and even betrayals from least expected people.
But his tenacity makes him stand firm on his beliefs regardless of feelings, or circumstances.
He has stumbled in businesses, failed in some ventures; but he always get right up. At one point, he nearly lost his head selling international commodities.
LSE takes every loss with equanimity as a dogged fighter.
A serial entrepreneur and with eyes for great minds, Leo Stan does not just walk through life; he leaves a trail of light, lifting everyone around him with kindness and wisdom. And there are testimonials.
For me, he is a pillar of strength and a beacon of hope. My benefactor.
He is also a benefactor to many. He has a way of making associates feel vital, loved, and valued.
Today is his Platinum Birthday but his roads have not always been paved with gold.
His early life was as ordinary as it can be, LSE attended Holy Ghost College, Owerri for his secondary education.
During his early years, he wanted to own the biggest transport company in Nigeria.
He later went to India for his university education, where he received a Bachelor of Science degree in Economics from Punjab University.
Leo Stan believes that studying in India was a great turning point in his life because he found the economy of India a realistic economy”.
He later also earned an MSc in Risk Management from the University of Nottingham.
At 70, he attained his height by trust in God, determination and CAN DO attitude.
Today, his business opinions and advisory are welcome around the world.
Leo Stan once told me “I saw myself from the beginning even when my parents were alive as an orphan. It drives me.”
He has three brothers and two sisters, His mother was a dietitian, and his father was a nurse
“I come from a lineage of people who served God dedicatedly. I am a miracle child and I remember my mother had always predicted that I would be great. I have siblings but I live my life as if I am the only child of my parents” he said
He believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world.
His solid prints in the business world is well documented. He has his hands in his hands in several businesses including ICT, e-commerce, broadcasting, oil and gas, media publishing and real estate.
Leo Stan is a man of many firsts: he pioneered a new world of digital economy at a time the country was deeply analogue both in the workplace and in schools.
The Nigerian media industry, from advertising to newspapers, owes him much gratitude for changing their operational processes and methodologies from mundane, medieval analogue to the robust and elegant digital platform.
Within 30 years, he has transformed a start-up that sprouted from a make-shift apartment that also doubled as his home into a digital conglomerate with incursions into oil and gas, entertainment and property.
Leo Stan started Zinox Technologies Limited in 2001 to manufacture computers.
He ensured that at launch Zinox Computers already had the WHQL certification, the first in sub-Saharan Africa, consolidated 5 years later with the attainment of the NIS ISO 2000: 9001 QMS Certification.
In October 2013, the company announced the production of its computer tablet line named Zipad
Task Systems, Technology Distributions Limited, Konga (Africa’s foremost truly composite e-commerce outpost combining offline-online mix in service delivery), Konga Radio, and TD Mobile, to name a few, complete the ensemble of businesses in his thriving conglomerate.
In all his companies, there is a growth pathway for every employee.
He deliberately creates a system that rewards every hardworking and dedicated employee.
From drivers sponsored to universities and returning to the conglomerate as degree holders to persons who joined the organisation as janitors working their way up the corporate ladder, he has brought his humanity to bear on people around him.
Making some lowly staff home-owners and sponsoring indigent students to universities at home and abroad comes to him as a routine.
Just a few days ago, ahead of his 70th birthday, he offered University scholarships to additional 1,000 Nigerian indigent wizkids to study Computer Science in Federal Universities. He is committing about N10 billion to the scholarship scheme.
This is so the country’s private and public sectors have a new generation of tech wizkids to support the economy’s growth.
Recall that his group has trained and retrained over 3000 Nigerians and donated tech centres to over 25 institutions nationwide just to mention a few.
The former alter boy and chorister in his local community Catholic Church at Ubomiri, now a multi-billionaire, has stayed humble.
He draws a distinct line between capitalism and welfarism.
Leo Stan is great man, a leader with unparalleled integrity and a heart of gold.
He has earned over 6o international and local awards over many years of incisive entrepreneurship, was equally singled out and honoured by former President Olusegun Obasanjo on the occasion of Nigeria’s Independence Anniversary on October 1, 2001 with an ICON OF HOPE award as a pride to modern Nigeria and as a model for Nigerian youths.
Again, President Obasanjo honoured him with another national award – the Order of the Federal Republic (OFR) in 2003.
A Fellow of the Nigeria Computer Society, the umbrella body of all computer associations in Nigeria, he was also awarded the pioneer ICT Personality of the Year by this professional body.
In November 2019, Ekeh was honoured by President Muhammadu Buhari with the National Productivity Order of Merit award for his sustained leadership in the area of Information and Communications Technology (ICT).
With over four Doctorate Degrees (Honorary) and fifteen fellowships from recognized institutions and as a former global advisor to Microsoft, as well as Forbes Best of Africa Leading Tech Icon Award his outstanding entrepreneurship.
Leo Stan is Ochiririozuo Ubomiri, Ebekuo Dike, Ideato and Iyi of Mbaitoli
General News
How JustMarkets Is Empowering African Traders with Global Market Access

Africa’s trading community is rapidly growing, evolving, and showing increasing interest in financial markets. From Lagos to Nairobi, from Accra to Johannesburg, more and more people are exploring financial markets as a way to develop skills, earn income, and participate in the global economy. But the ability to trade isn’t enough; traders also need reliable technology, fair conditions, and tools that help them make informed decisions and trade effectively.

JustMarkets
This is where trading platforms like JustMarkets make a significant contribution to the development and expansion of the trading community in the African region.
By combining global market access with a results-oriented trading environment, JustMarkets helps African traders compete head-to-head with those in the world’s largest financial centers, providing access to tight spreads, a wide range of analytical materials, and a variety of account types.
Breaking Barriers to Global Markets
For years, traders in emerging markets have faced limitations: slow platforms, a limited range of instruments, low liquidity, wide spreads, and infrastructure that hinders professional trading and effective analysis. Today, JustMarkets addresses this significant gap by providing African traders with access to a wide range of global financial instruments through a single, optimized online platform.
Now traders have the opportunity to test short-term strategies, long-term portfolio diversification, and learn how markets work. Traders can now explore opportunities in forex, commodities, indices, and stock markets without geographic barriers or technical difficulties.
A Trading Platform Built for Performance
Technology plays a critical role in modern trading. Market conditions can change in seconds, and execution speed often makes the difference between opportunity and missed entry. The JustMarkets leading trading platform is designed to support fast, confident decisions in real time.
Ultra-fast execution. Engineered for low-latency order processing, the app helps ensure trades are executed quickly and efficiently when markets move.
Full risk management. Stop-loss, take-profit, and position sizing can be managed directly from the chart, helping traders stay disciplined and protect capital.
Advanced charting. Interactive charts, multiple timeframes, drawing tools, and built-in indicators provide the analytical depth needed for informed trading decisions.
Real-time alerts. Instant notifications about price movements, order events, and key market developments help traders stay connected even when they’re away from the screen.
Secure authentication. Biometric login, encrypted data transmission, and advanced internal security protocols ensure that accounts and personal data remain protected.
This combination of speed, usability, and security makes professional-grade trading accessible from anywhere, even on the go with JustMarkets mobile trading app.
Trade a Wide Range of Global Markets
Access to diverse instruments allows traders to adapt to different market conditions and explore multiple strategies. JustMarkets provides African traders with the ability to participate in major asset classes worldwide.
Forex. Trade major, minor, and exotic currency pairs with competitive pricing and deep liquidity.
Gold & Metals. Access precious metals such as XAUUSD and XAGUSD, popular instruments for active traders and those seeking exposure to global macro trends with competitive spreads.
Indices. Engage with leading global stock indices including the S&P 500, NASDAQ, Dow Jones, DAX, and FTSE – markets that reflect the performance of major economies.
Stocks. Trade shares of global companies and high-volume market leaders, opening opportunities to follow international corporate trends.
Energy. Speculate on key energy commodities such as WTI and Brent crude oil, instruments often influenced by geopolitical and macroeconomic developments.
This broad market selection helps traders diversify and respond flexibly to changing global conditions.
Supporting Trader Development
Expanding technical, educational, and analytical capabilities extends beyond technology. JustMarkets also places a special emphasis on helping traders build knowledge and confidence. Access to educational materials, market analysis, and structured risk management tools fosters a more disciplined and informed approach to trading, including setting trading goals.
For many African traders, this means moving from random speculation and emotional trades to a more professional mindset, and most importantly, understanding that long-term success depends on strategy, risk management, continuous learning, and a cool head.
Connecting Africa to the Global Financial Ecosystem
Financial markets are becoming increasingly interconnected, with traders from all regions now participating in the same global capital flow. Offering advanced tools such as flexible leverage, fast order execution, and broad access to markets and trading assets, the JustMarkets online trading platform helps African traders become active participants in this ecosystem with full access to analytical and educational materials, as well as cutting-edge technological solutions for managing trades, accounts, and open positions. JustMarkets’ commitment to empowering traders, increasing financial literacy, and enabling people to engage with global markets on a level playing field. As the African trading community grows, online trading platforms like JustMarkets, which combine performance, accessibility, and security, will play a key role in this process. But pay attention that risk management still is a key to success as CFD trading involves risks.
General News
Court Freezes MCSN Copyright Levies amid Record Label Legal Battle

Justice Ambrose Lewis-Allagoa of the Federal High Court, Lagos, has issued an interim Mareva injunction freezing copyright levy funds due to the Musical Copyright Society of Nigeria (MCSN).

The order prevents the Central Bank of Nigeria (CBN) and at least 20 commercial banks from disbursing these funds until further court proceedings.
The injunction stems from Suit No. FHC/L/CS/207/2026, following an ex parte application filed on February 5, 2026, by the Record Label Proprietors’ Initiative on behalf of 11 major record labels and music companies.
Plaintiffs include industry heavyweights such as Mavin Records, Davido Music Worldwide, Chocolate City Music, Universal Music Group, Sony Music Africa, and Warner Music South Africa.
The plaintiffs, through their attorney, sought to restrain the CBN from releasing any copyright levy funds related to sound recordings earmarked for MCSN.
They also asked the court to bar MCSN and its agents from accessing, transferring, or using the funds, whether received directly from the CBN or routed through commercial banks.
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