30 December 2022
Seven culprits behind Nigeria’s cost of living crisis
For cash-strapped Nigerians living through the worst cost of living crises in recent memory, the year 2022 cannot end fast enough. Following the Russia-Ukraine war, the prices of grain and fuel went through the roof but many are seeing an erosion of their purchasing power as inflation surged the most in 17 years…

27 December 2022
Channels TV
State Of Nigerian Economy: Review Of 2022 And Projections For 2023
Looking at a review of 2022 and what 2023 will bring for Nigeria’s economy with Ikemesit Effiong of SBM Intelligence…

26 December 2022
2022: The Good, The Bad and The Ugly
The events, issues and legal personalities that shaped 2022, were as complex and exciting, as engaging…

26 December 2022
ICT firms’ tax rises by 158%
Tax from firms in the information and communication sector rose by 158.51 per cent from ₦51.05bn in the third quarter of 2021 to ₦131.97bn in the corresponding period in 2022, Company Income Tax data from the National Bureau of Statistics have shown…

TFI Global
West will care about ISIS only when it is in Syria
The destructions that ISIS unleashed on Syria is well known. At its peak, it held about a third of Syria and 40 percent of Iraq. It mostly grew by taking advantage of growing instability in Iraq and Syria to carry out attacks and bolster its position…

25 December 2022
Bleak Christmas as insecurity, high cost of living, others mar celebrations
It is another Christmas, a season people travel to be with their loved ones. For some Nigerians, it is more than a Christmas celebration, it is a period of homecoming…

24 December 2022
Al Jazeera
Soaring living costs drain Christmas joy for families in Nigeria
Adeola Ehi had been looking forward to taking her two-year-old daughter home to meet her grandparents for the first time this Christmas. But increased household spending which included an unexpected rent increase made the 43-year-old communications consultant shelve the planned journey…

23 December 2022
The Africa Report
Nigeria 2023: ISIS make inroads in Nigeria ahead of elections, says report
The ISIS-backed Islamic State West Africa Province (ISWAP) had a “successful year” in Nigeria in 2022, carrying out attacks in the capital, Abuja; Kano; Kaduna; and setting up bases in and around Niger State, according to a report by SBM Intelligence, a Nigerian-based intelligence research consultancy…

21 December 2022
Ghosts of insecurity, inflation haunt Nigeria Christmas present
This year will be the fourth year running that Seyi Anne Moses has had to decide against going home to see her parents at Christmas. Like many urban Nigerians, Moses dreads the long road journey to see relatives in the countryside — a trip fraught with danger as gangs lurk to attack travellers or hold them to ransom…

Guardian Nigeria
IPOB’s sit-at-home: The self-induced devastation of the South East
On the back of Nnamdi Kanu’s extradition from Kenya, the Indigenous People of Biafra (IPOB) ordered a sit-at-home protest on Mondays until Nnamdi Kanu is released. The protest, which has since become a major pain in the South East, has divided residents in the region and Igbos in the diaspora, with the rest of Nigeria curiously watching what the exercise would ultimately achieve…

Sahara Reporters
Nigerian Man Mourns Friend In Cross River State Killed By Kidnappers Despite Ransom Payment
ANigerian man, John Mademo, has mourned the death of his friend who was killed by kidnappers despite paying the demanded ransom for his release. Mademo who made this known in a Facebook post disclosed that the deceased, Owo Monday, 36, was laid to rest on Monday, December 19, 2022, in Woleche-Ebo, Yaya Local Government Area of Cross River State…

20 December 2022
2022 Review: Seven things that have increased Nigerians’ cost of living
For cash-strapped Nigerians living through the worst cost of living crises in recent memory, the year 2022 cannot end fast enough. Following the Russian-Ukraine war, the prices of grain and fuel went through the roof while many are seeing an erosion of their purchasing power as inflation surges the most in 17 years…

18 December 2022
Nigeria Politics Weekly
2023 Projections, Tinubu v Thisday & Simon Ekpa
SBM Intelligence’s Head of Research, Ikemesit Effiong discussed the company’s 2023 preliminary election projections, a spat between presidential candidate Bola Tinubu and one of Nigeria’s top media publishers and a viral online petition against IPOB leader Simon Ekpa to the Finnish authorities on the Nigeria Politics Weekly podcast…

States Atiku, Tinubu, Peter Obi may win
SBM Intelligence, a research firm that analyses West African geopolitical and economic situation, has released its projection of the forthcoming 2023 presidential election in Nigeria…

16 December 2022
2023: Full List of States Atiku, Tinubu, Peter Obi May Win Emerges as SBM Intelligence Releases Projections
According to the SBM, the 2023 presidential election is set to be the tightest in Nigeria’s history. As such, the research firm predicts that there will be a run-off, the first in the country’s history. Nevertheless, the SBM gave a caveat that “a week is a long time in politics”…

15 December 2022
Vetiva Capital boss’s death exposes security gaps in highbrow areas
This year’s Christmas will be missing the cheers in the home of Olaolu Mudashiru, who was co-founder and deputy managing director of one of Nigeria’s top capital management companies, Vetiva Capital, before he was killed along upscale Gerrard road, Ikoyi, Lagos…

Nigeria Info 99.3
Tinubu’s Plan to Give Tax Credits to Employers is Absurd and Outrageous
The plan of the presidential candidate of the All Progressive Congress, Bola Tinubu to give tax credits to employers is “absurd and outrageous.” This is the position of Kelechukwu Ogu, an analyst with SBM Intelligence…

The Sun
South East loses ₦4trn over sit-at-home –Report
A new report has said insecurity and the sit-at-home protest in the South East geopolitical zone have led to economic losses estimated at almost ₦4 trillion…

13 December 2022
South-East bleeds ₦4trn in 2years over insecurity, sit-at-home protests
Insecurity and sit-at-home protests in the South-East have led to massive economic losses estimated at almost ₦4 trillion in two years. A study conducted by SBM Intelligence for DevEast Foundation Ltd./Gte, a not-for-profit policy and business advocacy organisation, shows that the losses can be traced to specific factors including loss of between four and five working days per week; job losses due to cutbacks by business owners in response to the reduced working hours and other lost opportunities; loss of clients and customers who find alternatives because of the unstable business environment in the South-East; and increased cost of service delivery because of extra logistical costs…

12 December 2022
The Cable
Transporters plying south-east roads lose over ₦10bn to every sit-at-home enforcement
A new report by DevEast Foundation, a non-profit and business advocacy organisation, says the current state of insecurity and sit-at-home protest in the south-east region has led to economic losses estimated at almost ₦4 trillion…

9 December 2022
CNBC Africa
How 5G can spur Nigeria’s economy
Airtel Africa will join the likes of MTN Nigeria and Mafab Communications in the 5G spectrum space as Nigeria looks to harness the opportunities to foster its digital economic drive. SBM Intelligence’s Ikemesit Effiong discusses what the advent of 5G will mean for Nigeria’s digital economy…

7 December 2022
Experts raise concerns as Nigeria limits cash withdrawals
Experts on Wednesday raised concerns over a new policy announced by the Central Bank of Nigeria that heavily limits withdrawals of money in a push for a cashless economy…

6 December 2022
Presidential Candidates, Manifestos And The Economy
Kelechukwu Ogu, Analyst, Analyst, SBM Intelligence gave his view on the manifestos of the presidential candidates and how realistic their objectives can be…

High cost of elections and the Nigerian economy
It is no longer news Nigeria will have presidential, governorship, and legislative elections between February and March 2023. So far, there are a lot of money being spent on running the elections by the Federal Government and also the competing political parties in the elections…

Remittances head for 3-year high on CBN incentive, ‘japa’
Money sent home by Nigerians who live abroad is projected by the World Bank to hit $20.9 billion this year, with analysts citing the ‘Naira-4-dollar’ scheme and talent exodus as major factors behind the expected increase in remittances…

How Are Terrorists In Nigeria Funding Their Violent Campaigns?
Nigeria has been in a long-drawn battle with violent terror organisations for over a decade. These groups break up, expand, contract, and form new alliances as their strength either intensifies or wanes. Whatever happens, they have remained a threat to the safety of lives and property, and one key reason is their access to funding…

Joy Online
A mounting pile: Ghana’s precarious public finances
While delivering the much anticipated 2023 budget, Ghana’s Finance Minister, Ken Ofori-Atta, unmasked the nature of Ghana’s debt portfolio, saying the country is finding it difficult to carry a debt burden worth $48.9 billion as of September 2022…

Price of Rice Hits ₦42,000 in Southeast, Sells Cheaper in Lagos, Other Parts of Nigeria
Nigerians may face Christmas without their favourite staples, especially rice, as the commodity’s price has steadily climbed since the beginning of this year…

The Nigerian Tribune
How Banditry, Insurgency Worsen Decline In Girl-Child Enrolment In Schools
Insecurity in many parts of Nigeria has led to the displacement of families and the shutting down of schools. This has sent many girls out of school and to the streets, crushing their dreams, as they struggle to fend for themselves and their families through street begging and other forms of child labour…

5 December 2022
Does disenfranchisement affect the validity of an election?
By law, every citizen of Nigeria who has attained 18 years old of age has the right to vote and be voted for during elections. This is a political right guaranteed by the Constitution…

4 December 2022
Nigeria Politics Weekly
Obi’s Manifesto, CBN & Aisha Buhari
SBM Intelligence’s Head of Research, Ikemesit Effiong discussed the launch of Peter Obi’s manifesto, the claims by the Central Bank that the NNPC has stopped remitting dollars to it and the unlawful arrest of a Nigerian citizen by Aisha Buhari on the Nigeria Politics Weekly podcast…

1 December 2022
Ecofin Agency
The executive will make 19 silos available to the private sector to reduce post-harvest losses
On the African continent, post-harvest losses undermine the performance of the agricultural sector every year. Among the most affected areas is West Africa due to the lack of appropriate storage facilities…