October 2022

1st October 2022

31 October 2022
Will Redesigning Naira Notes Improve Security In Northwest Nigeria?
A complete redesign of Nigeria’s banknotes has been announced as part of a plan to make it harder for terrorists to hoard ill-gotten cash. The redesign will make the most valuable notes already in circulation unusable with just a few months’ notice…

Why your power supply has dropped since beginning of October 2022
Nigerians have complained about a noticeable drop in power supply across the country since the beginning of October 2022, compared to the power supply rate in September 2022. They are right, as there has been a decline…

Africa’s food crisis is likely to get worse next year
Food shortages across Africa — already forecast to be bad — will get worse next year, one of the UN’s top officials for global food supply chains told Semafor…

29 October 2022
The Nation
Rishi Sunak…Can he save Britain?
Is Rishi Sunak Britain’s next fleeting political personae? Or is he an emblem of power baiting fugitive hope from the British underclass? When he walked into 10, Downing Street, London, United Kingdom (UK) on Tuesday, October 25, as Britain’s youngest Prime Minister (PM), he did under a dark pall of apprehension over the country’s economic woes…

28 October 2022
Guardian Nigeria
Latest SBM Jollof Index paints clear picture of rising food costs, accompanying ramifications
One of man’s most fundamental wants, according to Maslow’s hierarchy of needs, is food. However, getting access to and paying for this is become more expensive for many Nigerians…

ICIR Nigeria
Here are ways redesigning the naira notes will affect you
The Central Bank of Nigeria’s (CBN) redesigning of select currency notes of ₦200, ₦500 and ₦1,000 would come at a huge deficit cost to the economy, according to sector experts…

Food inflation heightened by insecurity, energy crisis
A report by SB Morgen (SBM) Intelligence, a geopolitical research firm, has indicated that food inflation in Nigeria spiked in the third quarter of 2022, Q3’22, due to insecurity, intermittent energy shortages and fuel prices…

27 October 2022
Cost of making Jollof rises by 8% in four months
Within a period of four months (June-September), the average cost of preparing a pot of Jollof rice; a popular Nigerian delicacy for a family of five, has risen by 7.6 percent, according to the latest Jollof Index report…

The Cable
Insecurity, fuel scarcity, energy deficit caused food price hike in Q3 2022
SB Morgen (SBM) Intelligence, a geopolitical research firm, says insecurity, intermittent energy shortages, and increased fuel prices caused a hike in the cost of food items in the third quarter (Q3) of 2022…

Food Inflation: Average price of tomato rises 30% in one year – NBS
The average price of 1kg tomato rose by 30.06% from ₦342.25 in September 2021 to ₦445.12 in September 2022. This was disclosed by the Nigerian Bureau of Statistics (NBS) in its Selected Foods Price Watch Report for September 2022…

Pilot News
Nigerians Now Cook Pot of Jollof Rice With ₦9,917
The average cost of making a pot of jollof rice for a family of five in Nigeria rose to ₦9,917 in September, says SBM Intelligence. The socio-economic research firm disclosed this in its jollof index report for the third quarter (July—September) of 2022. At the end of the second quarter (April—June), it was ₦9,311…

Sahara Reporters
How Floods Submerged $15Million Rice Farms, Caused Food Price Inflations In Nigeria
Flooding in recent times in Nigeria has been considered to be one of the key reasons for food price inflations in the country, according to a study released on Tuesday by SB Morgen titled “Brace for Impact”…

26 October 2022
Cost of preparing jollof rice rises to ₦9,917 per pot in September
The average cost of making a pot of jollof rice for a family of five in Nigeria increased from an average price of ₦9,220 in June to ₦9,917 in September. This was disclosed by socioeconomic research firm, SBM Intelligence in its Jollof Index report for Q3 2022 titled “Brace for Impact”…

25 October 2022
Africa Check
#NigeriaDecides2023: A guide to understanding opinion polls during the campaign season
Nigeria’s 2023 elections will be the seventh since the country’s return to democratic rule in 1999. And voter interest – and registration – is surging. Campaigning officially began on 28 September. Now many are looking to estimate the likely success of political parties and candidates…

24 October 2022
CNBC Africa
How Nigerians’ study abroad quest is fuelling advanced economies
Tunde Leye, Partner at SBM Intelligence spoke with CNBC Africa to analyse the company’s report on the contribution of Nigerian economic migration to the UK’s economy…

21 October 2022
Guardian Nigeria
Lessons of #EndSARS not learnt two years on, citizens tell government
The lessons of the 2020 #EndSARS protest have not been learnt. This was the verdict, yesterday, from stakeholders and citizens, as youths trooped out across the country to mark two years of that defining moment in the country’s history…

20 October 2022
Nigerians contributed £1.9bn to UK’s economy in 2021
Nigerian students and their dependents contributed an estimated sum of £1.93 billion to the United Kingdom (UK) in 2021, a new report by SBM Intelligence shows…

ICIR Nigeria
SBM releases data on #ENDSARS panel
SBM Intelligence has released data on the #ENDSARS panels which were set up in all 36 states and the Federal Capital Territory (FCT)…

Nigerian students, dependants contribute £1.9bn to UK
Nigerian students and their dependants in the United Kingdom have contributed an estimated £1.9bn to the economy of the UK in one year, according to an analysis by SBM Intelligence…

19 October 2022
The Africa Report
Ups and downs of Buharinomics
What have two terms of ’Buharinomics’ brought to Nigeria? The government of Buhari, in office since 2015, has based much of its economic policy on state interventions in the market; be it in rice production, infrastructure or access to foreign exchange. It has delivered mixed results…

18 October 2022
Nigeria’s data gap worsens misinformation
“I have been looking for data to back up a claim that Africa has a data problem for the past two hours,” Nigerian journalist Ope Adetayo tweeted earlier this year…

17 October 2022
Flooding: It’s time to relax rules for food imports in Nigeria
Nigeria runs the risk of falling into a food crisis if the restrictions to import food are not relaxed. 27 states in Nigeria have been hit by flooding caused by heavy rains and the release of water from the Lagdo Dam in neighbouring Cameroon, which has left 500 killed, thousands injured, millions homeless and disrupted fuel supplies…

13 October 2022
Nigeria Info Lagos
10 Years After The Aluu 4, Why Is Jungle Justice Still Rampant?
According to SBM Intelligence, there have been 279 incidents of mob violence since 2019, claiming 391 lives…

Floods set to worsen food, security crises, Nigeria’s long-term stability, warns SBM Intelligence
The world is undergoing rapid changes as a result of human activities and these changes have resulted in the melting of glaciers. Consequently, the world is faced with climate change at an unprecedented level…

12 October 2022
Bella Naija
Mfonobong Inyang: Musings About a New Nigeria & the Fierce Urgency of Now
Last month, I attended a conference themed Disruptive Leadership In Critical Times. In one of the masterclasses, facilitated by a management genius, he shared very profound thoughts. He talked about many things including the dynamics of outcomes and output…

Premium Times
Kaduna train hostage rescue: Not yet Uhuru
Nigerians do not have faith in government and did not believe when it claimed that it did not pay ransom for the release of the last 23 abductees of the Abuja-Kaduna train attack…

10 October 2022
Energy Voice
Nigeria’s oil woes to get worse before they get better
As Nigeria moves into election season, oil production is struggling – and it seems it will get worse before it gets better. Nigerian output slipped below 1 million barrels per day in August, knocking the country from its long-held position as Africa’s top producer…

8 October 2022
After burning ₦7.3trillion on petrol subsidies, Buhari admits its futility
“If anybody says he’s subsidising anything, it is a fraud”, this was a statement by Muhammadu Buhari in a 2011 interview while he was trying to convince Nigerians he was worthy of their votes…

7 October 2022
Al Jazeera
Nigerians decry extortion, delays at passport offices home and abroad
In September 2021, when Akpos Malafakumo walked into the Nigerian Immigration Service (NIS) office in Yenagoa, Bayelsa, to apply for a new passport, she had no idea it would take 10 months to get it…

Record $47 Billion Nigerian Budget Stretches Belief With Targets
Nigeria unveiled a record spending plan that hinges on a massive increase in oil output and the fastest growth Africa’s largest economy has seen in almost a decade, targets that analysts said are too upbeat…

6 October 2022
African Business
Nigeria’s worst flooding in decade worsens food insecurity
Two years after smallholder farmer Gideon John began actively producing food after graduating from university in Nigeria’s Adamawa state, he decided it was time to expand his hectarage from the three he started with in 2020 to seven hectares…

5 October 2022
IOCs’ selloff frenzy signals Nigeria’s decline as oil giant
In January 2021, Tony Elumelu’s TNOG Oil & Gas Limited bought a 45 percent stake in Oil Mining Lease (OML) 17 for over $800 million from oil majors, Shell and others…

The Cable
ALUU 4: This day in 2012, UNIPORT students were wrongfully lynched — and mob justice persists
On October 5, 2012, a barbaric incident happened in Aluu, a community in Obio-Akpor LGA of Rivers state – four students of the University of Port Harcourt (UNIPORT) were stripped naked, beaten and lynched over an alleged robbery incident. The incident was another sad tale of Nigeria’s trend of jungle justice. Today makes it 10 years since the dark event took place…

4 October 2022
Aluu 4: Ten years from the lynching that shocked Nigeria
Jane Toku sheds no tears as she recalls the moment when she saw the smouldering remains of her son’s corpse on the morning he and three of his friends were lynched 10 years ago…

Guardian Nigeria
The fuel subsidy is fiscally irresponsible – SBM Intelligence
One of the most fiscally irresponsible spending in this current administration has been fuel subsidies. The subsidy payments have seen the Nigerian National Petroleum Commission remit zero to the federal account allocation (FAAC) for 2022…

Deconstructing Buhari’s Democracy, Independence Day speeches, their reflection on state of economy, security
President Muhammadu Buhari has delivered his final Independence Day address to Nigerians. This year’s address on June 12 also is his final Democracy Day address to Nigerians…

The Nation
Cashless ransom demand
An interesting piece of news showed that some bandits reviewed ransom demand. They seem to have arrived at the idea that ransom payers don’t necessarily have to pay cash…

Nigeria : comment expliquer le succès du candidat Peter Obi?
La campagne présidentielle a débuté au Nigeria. Un outsider semble émerger pour offrir une alternative au duel attendu entre Abubaker et Tinubu, en la personne de Peter Obi. Comment expliquer sa popularité?…

Premium Times
Burkina Faso coup raises more concerns about democratic stability in Africa
There have been seven successful coup attempts in Africa in the last three years, raising concerns about the decline of democracy on the continent…

2 October 2022
The Sun
Ohuabunwa writes Buhari, says Nigeria collapsing
Former presidential aspirant on the platform of the Peoples Democratic Party for the 2023 general elections, Sam Ohuabunwa, has written to President Muhammadu Buhari, lamenting that Nigeria is on the precipice…

1 October 2022
Nigeria @ 62: So far, not so good
Nigeria is now 62 years old as an independent nation. Ever since its independence from British colonial rule on October 1, 1960, it has been a chequered history for the country. From 1960 to date, Nigeria has had 16 heads of the government, eight of whom were military Heads of State and two of whom were later democratic elected Presidents…