November 2022
1st November 2022

30 November 2022
Nairametrics
Nigeria to earn ₦18 billion from concession/lease of food silos
The Nigerian government has revealed that it plans to lease its food silos to the private sector and earn ₦18 billion from the process. This was disclosed by the Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar on Tuesday in Abuja at the 2nd West and Central African Postharvest Congress and Exhibition…
28 November 2022
AFP
Ex-governor tries ‘outsider’ upset with Nigeria presidential bid
Horns blaring from the crowd, Nigerian candidate Peter Obi makes his pitch, repeating a mantra that he offers youth a chance for change in February’s election…
26 November 2022
BusinessDay
Nigerian students’ dependants in UK up 3,157% in 3yrs
The number of the dependants of Nigerian students in the United Kingdom surged by 3,156.5 percent to 51,648 in September 2022 from 1,586 in 2019, a new official immigration data show…
24 November 2022
Arise News
BIVAS Technology Pivotal For The 2023 Elections
Ikemesit Effiong, Head of Research at SBM Intelligence, spoke to the Global Business Report about Bimodal Voter Accreditation System (BVAS) and how important it will be for the 2023 Nigerian Elections…
Financial Times
Amazon of Africa’ Jumia restructures after ousting co-founders
Jumia, the ecommerce group often dubbed the “Amazon of Africa”, is undergoing a heavy restructuring following the ousting of its co-chief executives and its share price falling 60 per cent over the past year…
23 November 2022
Semafor
West African nations move to create anti-jihadist force
Seven west African countries have agreed to create a military force to fight jihadists who have destabilized the region. Islamic State and al-Qaeda fighters have carried out hundreds of attacks in and around the Sahel, stoking insecurity that has led to coups in Mali and Burkina Faso in the last two years…
The Will
Group Seeks Reform of Maritime Sector
Concerned by the myriad of challenges against operational efficiency in the nation’s maritime sector, an advocacy group has embarked on a monthly maritime breakfast briefing to articulate views and create ideas that provide strategic policy inputs to reverse the situation and enhance opportunities for economic development…
22 November 2022
Dataphyte
Who Suffers the Most When Inflation Continues to Rise? Naturally, the Poor
When a country’s inflation continues to rise, like Nigeria’s double-digit inflation which hit 21.09 percent in October – a 17-year high, it is people who cannot define inflation or unpack its economic drivers that suffer the most…
19 November 2022
The Cable
The ugly side to the beautiful game
Perhaps one of the biggest lies we are told is, ‘sport should be sport and not political’. But organised sports competitions have pretty much always been political…
18 November 2022
African Business
Tinubu’s oil production plan prompts scepticism
One of Nigeria’s leading candidates for the presidency says he will increase national crude production to 2.6m barrels per day (bpd) by 2027, from the 1m bpd produced in October 2022, if he wins the February 2023 presidential election…
BusinessDay
Why Nigeria’s inflation is accelerating – NBS
Nigeria’s headline inflation rate has accelerated for the ninth consecutive month to 21.09 percent in October 2020 from 15.60 percent in January, according to the National Bureau of Statistics (NBS)…
16 November 2022
Bloomberg
Biggest Devaluation in Six Years May Be on the Cards for Nigerian Currency
Africa’s largest economy is expected to devalue its currency after elections in February by the steepest margin in six years to align it with market perceptions, according to a survey of investors and analysts…
BusinessDay
Floods: Nigeria’s inflation seen surging after three months of easing
After three months of slower growth, Nigeria’s headline inflation rate looks set to surge on the back of the floods that ravaged many parts of the country, analysts have said…
15 November 2022
BusinessDay
Innovative job creation methods seen as solution to misery, poverty
Nigeria’s high inflationary pressure which affects the recovery and creation of jobs in the labour market is making it imperative to find innovative and creative ways to keep Nigerians gainfully employed, experts say…
14 November 2022
BusinessDay
2023 election to test public trust in government
Tunde Martins said he regretted not voting in Nigeria’s last general election. This is because his preferred candidate lost that election, partly due to many of his types who registered, had voter’s cards but refused to vote during the election…
Global Sentinel
Nigeria’s 2023 polls under threat amid persistent attacks on electoral umpire
Concerns are mounting over the ability of Nigeria to deliver a peaceful, fair and credible 2023 general elections owing to incessant attacks on offices and officials of the country’s electoral umpire- the Independent National Electoral Commission (INEC), and destruction of critical election materials…
ICIR Nigeria
Safety tips to observe during the festive period
It is common knowledge that the end of the year brings heightened fears of various crimes and increased insecurity risks. During this time, many people want to achieve certain things before the year runs out, which brings about pressure that might lead to insecurity…
12 November 2022
The Nigeria Lawyer
Kidnap And Ransom Insurance: A Necessity
Insecurity among other things is one of the maladies of the country Nigeria. The increasing level of insecurity in the country is becoming horrendous, taking into account the continuous agitations for the Federal and State Governments to address the issue of insecurity in Nigeria ranging from kidnapping, banditry, abduction, unlawful killing, and other life-threatening occurrences…
9 November 2022
BusinessDay
Abuja sees 33% surge in rice price in 14 months
The price of a 50kg bag of foreign rice in Abuja, Nigeria’s capital city has risen by 33.3 percent to ₦40,000 in September 2022 from ₦30,000 in July 2021, according to a recent Jollof Index report…
Bag of rice price jumps 54% in two months
The price of a 50kg bag of locally parboiled rice in Nigeria soared by 53.6 percent in two months on the back of the floods that ravaged many parts of the country…
Nigeria’s inflation rate to hit 21.3% in October – Rewane’s FDC
Nigeria’s headline inflation rate is projected to increase for the ninth consecutive month by 0.55 percent to 21.32 percent in October 2022 from 20.77 percent in September, analysts at Financial Derivatives Company (FDC) Limited say…
8 November 2022
The Niche
Nigerian students pump nearly £2b into UK economy in one year
Nigerian students and their spouses contributed an estimated £1.9 billion to the United Kingdom economy in the past year, data analysed by SBM Intelligence from the 2021/2022 academic session shows…
6 November 2022
The Cable
Nigeria loses $40bn in potential revenue due to less educated population
Nigeria loses about $40 billion in potential revenue due to the less educated population, a report by SB Morgen (SBM) Intelligence has found. SBM, a research organisation, said the rate of regular school attendance and early childhood education remains poor in the country…
4 November 2022
BusinessDay
How Nigerian students can navigate UK’s housing shortage
The surging population of foreign students, including a growing number of Nigerians, in the United Kingdom, is making accommodation one of the biggest challenges students are facing as they try to settle down…
Rising price of eggs, chicken hurting protein consumption
Cheaper substitutes such as eggs and offals (organ meats) used by most households to supplement their protein needs are going out of reach as prices are rising, according to a recent report by SBM Intelligence…
Dataphyte
Insecurity: Nigeria Records 1,718 Deaths in 3 Months
Despite repeated assurances from President Muhammadu Buhari and the security chiefs, many Nigerians are at the mercy of bandits, terrorists and other criminals who are ravaging many parts of the country…
3 November 2022
BusinessDay
The CBN and quantitative easing: The chicken has come home to roost
Nigerians must see the decision of the Central Bank of Nigeria to redesign the Naira and withdraw old currencies from circulation for what it is – a futile attempt to control runaway inflation in the country…
2 November 2022
BusinessDay
Insecurity drives 126% decline in rail transport
Attacks on trains conveying passengers and rail infrastructure is taking a toll on Nigeria’s rail sector, which has recorded a decline of 125.6 percent in passenger movement in the second quarter of 2022, the National Bureau of Statistics’ Rail Transportation data has shown…
Punch
1,718 deaths recorded in Q3 of 2022
No fewer than 1,718 deaths were recorded in the third quarter of the year, July to September 2022, The PUNCH has learnt. The deaths were caused by violent incidents such as Boko Haram attacks, militia herdsmen, gang clashes, and terrorists in various parts of the country…
1 November 2022
Guardian Nigeria
Floods, Jollof Index and immediate future of Nigeria’s food inflation
For many households in Nigeria, inflation is a mortal enemy. It eats deep into disposable income, depreciates spending power, forces lifestyle changes, and in some instances could lead to malnutrition, especially if it festers for too long…
Punch
CBN should tread carefully on new naira notes
The announcement hit the public space like a thunderbolt! Citing “several daunting challenges” afflicting its currency management, “that have continued to escalate in scale and sophistication with attendant and unintended consequences for the integrity of both the CBN and the country,” the Governor of the Central Bank of Nigeria, Godwin Emefiele, announced the redesign, production, and imminent replacement of the ₦100, ₦200, and ₦500 notes currently in circulation…